Question regarding A-Rod's insurance policy

[Hammerojustice]

OK, I have a co-worker who admittedly doesn't know much about baseball, but has been following the A-Rod fiasco because he knows I'm a Yankees fan and wants to keep up a good dialogue...

Now he said he heard someone say that with respect to the insurance policy the Yankees have on A-Rod... That if A-Rod is suspended (without pay) the insurance company would have to pay the year (or however long the suspension was) of his salary to the Yankees...

And if A-Rod is suspended, it would be without pay... so if what he heard is correct, the Yankees would have a $60M swing because they wouldn't have to pay the $30M to A-Rod AND would receive the $30M from the insurance company...

I find this all very difficult to believe, but my coworker swears that is what he heard. Now, he can't remember who said it which makes it difficult to research and find out about... I was just wondering if anyone else heard about this or anything like it.

 

[Messiah717]

No they wouldn't collect any free money.

 

[Hammerojustice]

I didn't think so... my coworker was just convinced he heard that... which he probably did, but the guy he did hear must have just been misinformed...

 

[BigDaddyAl1973]

Think about it...why would an insurance company agree to that? Insurance is paid when because of injury the player can't preform. Not for breaking the rules.

the dimished mind of a soon to be 40 year old

 

[Hammerojustice]

oh, I agree with you... it didn't make sense... which is why I wonder why someone would report that...

 

[Majorball]

And I understand also that Arod has a personal Insurance Policy also and if he is able to get on the field for one game in theory he could then complain that his hip(s) hurt and in theory get paid by Yankee and his own insurance. Thus the motivation to get on the field.

 

[BigDaddyAl1973]

And I understand also that Arod has a personal Insurance Policy also and if he is able to get on the field for one game in theory he could then complain that his hip(s) hurt and in theory get paid by Yankee and his own insurance. Thus the motivation to get on the field.

I don't think it has to be at the major league level for him to call it quits and receive the insurance money. What will happen is tons of doctor visits and legal back and forth. I would love to know what year the policy was taken out.

the dimished mind of a soon to be 40 year old