Bure, Insurance, and Waiver Draft
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10-03-2003, 06:51 PM
Join Date: Feb 2002
Originally Posted by
With Rangers receiving about 80% of Bure's contract from insurance this season, would another team claim Bure to get that insurance money? Assuming a team claims Bure and pays the 2M that is not covered by insurance, the team would be paying 2M to get 8M in insurance money. This would give the team who claims Bure 6M in extra money. All of this is in theory as I don't know the specifics and intricacies of insurance and the waiver draft. So is this possible?
the rangers don't get $8 mil from insurance, bure gets $8 mil from insurance...
the rangers owe bure $10 mil this year, so they get $8 mil from insurance and then give that $8 mil plus another $2 mil to bure...
so if another team picked up bure they would lose $2 mil for a guy that isn't going to play again
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