Make Whole, Not War (CBA & Lockout Discussion) XIX
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11-03-2012, 04:05 PM
Join Date: Nov 2004
Originally Posted by
I agree with this. Isn't there a 7 year insurance limit?
Players will still push for 10 years though IMO, but that's an okay limit. the Variation is extremely important as well.
It's where the insurers put the limit for the league-run policy. Each team pays a premium based on their top 5-7 contract values, but can apportion the insurance on the team as they wish, for up to seven years.
Teams can take out additional insurance at their own cost/option, but of course, this is very expensive as you're talking about risk in predicting value in yrs 8 and beyond.
Contract length isn't as onerous if you make it impossible to massage the cap hit with the lower $$ values at the end.
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