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  #21  
Old 12-21-2011, 06:15 PM
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We don't know if he's insured, though I'd hope so given the length & cost of his contract. Don't think it pays for retirement, only LTIR.

I'll look & see if insurance has been mentioned, but I know I haven't seen it.
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  #22  
Old 12-21-2011, 07:00 PM
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Originally Posted by Sotnos View Post
We don't know if he's insured, though I'd hope so given the length & cost of his contract. Don't think it pays for retirement, only LTIR.

I'll look & see if insurance has been mentioned, but I know I haven't seen it.
Doubtful. Jay Feaster told me that insurance is so expensive that typically teams only insure their star players.
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  #23  
Old 12-21-2011, 07:04 PM
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Originally Posted by bassassin View Post
Is his contract insured? And does insurance kick in on LTIR or just retirement?
Again, I doubt Ohlund is insured, and the insurance usually covers more than the players salary.

Insurance kicks in whenever a team files a claim. LTIR has nothing to do with insurance. It just covers the teams expenses re: salary and med expenses and etc for the player.
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  #24  
Old 12-21-2011, 10:18 PM
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Just read an article that states that teams buy insurance as a package & distribute it as they want...I think Ohlund might have been included because of the length & total amount of the contract, but again no way to tell. Hopefully one of our intrepid local reporters will help us out & ask about this.

I'll try to find the article again.
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  #25  
Old 12-21-2011, 10:21 PM
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Originally Posted by Sotnos View Post
Just read an article that states that teams buy insurance as a package & distribute it as they want...I think Ohlund might have been included because of the length & total amount of the contract, but again no way to tell. Hopefully one of our intrepid local reporters will help us out & ask about this.

I'll try to find the article again.
I've asked this question in our mail bag. Hoping someone can talk with the Lightning for the answer.
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  #26  
Old 12-21-2011, 10:56 PM
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Here it is, it's a copy of an article out of Raleigh, so lots of talk about Staal.

http://insurancenewsnet.com/article....7b000000c1027a

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Each team pays a premium based on the salaries of its five highest-paid players, but is free to allocate that coverage how it wishes. Typically, a team will extend coverage to as many as seven players, Daly said. Coverage kicks in when a player misses at least 30 games.

Beyond that, individual teams are free to pursue additional coverage, but the heavy premiums make it a losing proposition. To insure a player under the league program, it costs about 5 percent of his salary. To insure additional players, it would cost substantially more.
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  #27  
Old 12-22-2011, 12:16 PM
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Beyond that, individual teams are free to pursue additional coverage, but the heavy premiums make it a losing proposition. To insure a player under the league program, it costs about 5 percent of his salary. To insure additional players, it would cost substantially more.
This is the type of player insurance coverage that I was referring to as teams only purchase for their (super)star players.
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  #28  
Old 12-22-2011, 01:13 PM
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In that case I'd agree there's NO WAY they bought that for Ohlund. From the sounds of it, it's so cost-prohibitive they probably don't have it for anyone.
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  #29  
Old 12-24-2011, 10:03 AM
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am I the onl one who hopes that ohlund has to retire? the cap relief would be great. his cap hit, kubinas, clarks and rolie, go and sign one really good player, if possible
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  #30  
Old 12-24-2011, 10:22 AM
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I hope he can come back if he can be effective, I just am losing hope that it's a possibility. I think they miss a d-man who's positionally sound & doesn't give up the blue line as easily as some of these guys.
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