Mets and $333 Million Dollar payroll

[D. Bergin]

Originally Posted by 1952boyntoncollector

brilliant move actually from Mets/Giants, will be insurances in place for savings on the salary if injury etc...and less risk on the contract overall...

Again, I'm not an insurance adjuster, but who in their right mind would insure this? It's not going into a pool. It would be an individual Lloyd's of London type policy I assume. I doubt they get a policy for less then half the total of the contract.

I would also think there's a lot less of a chance of getting a contract insured, with an injury history in place.

Insurance companies aren't in the business of losing money.

Just raises the cost of the contract for the team.

I don't think it's the "brilliant" outcome they hoped for when they tried to sign him. They're just trying to save face at this point, and hope it doesn't blow up in their face later on.