Players and insurance - anybody know?

[cblantfanclub]

When does the insurance kick in on long term injuries ? Tresor and Beyer both come to mind. Is it if they are unable to play for the remainder of their contract or have to retire from football completely.

It seems strange that you can have a 4 yr. contract with no downside if you play one game get injured and pick up a nice salary for 3yrs plus.

Is this unique to sport? Is there an ability to cancel the contract after a certain amount of time that the player can't fulfill his obligations?

[JohnMac]

I don't know the answer but it seems Football has contractual obligations that wouldn't be applied in most industries.

The one you highlight about injured players and also the Managers who rack up a fortune in compensation for not performing adequately.

[Hipper]

I seem to recall in the case of Kevin Reeves the club itself got something like the transfer fee back - £100,000 wasn't it. He was kept on as a coach.

This is only a vague memory. Maybe others have the facts.

[NewClaret]

Huge proportion of players compensation comes from Matchday squad, team appearances and win bonus’. Players need game time to reach their earning potential.

No idea on the insurance question but I’d very much doubt we get insurance pay outs unless they’re retired off.

With Foster we’ll qualify for his wages to be paid as he was injured on international duty - but only after 28 days, which seems a bit unfair to me.

[aclaretinstevenage]

I don't know the answer but it seems Football has contractual obligations that wouldn't be applied in most industries.

The one you highlight about injured players and also the Managers who rack up a fortune in compensation for not performing adequately.

Slightly different as no injury was involved but Winston Bogarde at Chelsea played very little first team minutes, but having signed the contract in agreement with Chelsea he contentedly sat out the 4 year deal at circa £40K a week playing in youth teams an under 21 matches. As he honoured the contract to the letter Chelsea were stuck with him so as said Football contractual obligations appear far removed form those of other industries.

[exilecanada]

Slightly different as no injury was involved but Winston Bogarde at Chelsea played very little first team minutes, but having signed the contract in agreement with Chelsea he contentedly sat out the 4 year deal at circa £40K a week playing in youth teams an under 21 matches. As he honoured the contract to the letter Chelsea were stuck with him so as said Football contractual obligations appear far removed form those of other industries.

The General Motors CEO who 'led' the company into bankruptcy circa 2008 walked away with a tidy 14.9 million USD compensation package
Nice work if you can get it

[Big Vinny K]

Huge proportion of players compensation comes from Matchday squad, team appearances and win bonus’. Players need game time to reach their earning potential.

No idea on the insurance question but I’d very much doubt we get insurance pay outs unless they’re retired off.

With Foster we’ll qualify for his wages to be paid as he was injured on international duty - but only after 28 days, which seems a bit unfair to me.

Bonuses are not insignificant but the vast majority of players salaries at the “bigger” clubs (and at the moment I’m including us in this) will be made up of the weekly contracted salary.
There is little or no chance when you have as much money as premier league teams do and the big squads we end up with that players agents will agree contracts without the vast majority of the remuneration being guaranteed and irrespective of appearances or performance. Of course with certain players especially they will also negotiate good bonuses too but you can see from our previous accounts the bulk of our wage bill is just the basic salaries .

[NL Claret]

I would hazard a guess that clubs take out insurance that would pay a percentage of a player’s wages and their value if the player is injured for a significant period of time.

When involved in local cricket a few years ago, the club had to take out an insurance policy in case players were injured whilst playing for the club. There were 2 incidents I can remember for our club when claims were made, one for treatment for a back injury and another for dental bill after the player was injured fielding close to the wicket. It was a league rule however some clubs fell foul of not taking out insurance, it became more mandatory after a club did not pay for insurance when a player collided with the sight screen trying to stop a boundary, player broke his leg and the club wasn’t insured. The rule became stricter and if the club could not provide proof of insurance before the season they were not allowed to play in the league. Also remember in junior and senior football that you shouldn’t be playing ringers as they weren’t insured.