HFBoards

Go Back   HFBoards > NHL Eastern Conference > Atlantic Division > Boston Bruins
Mobile Hockey's Future Become a Sponsor Site Rules Support Forum vBookie Page 2
Notices

Berard in a Bind

Closed Thread
 
Thread Tools
Old
09-29-2003, 07:42 PM
  #1
misterjaggers
Registered User
 
Join Date: Sep 2003
Location: The Duke City
Country: United States
Posts: 14,273
vCash: 500
Berard in a Bind due to terms of insurance repayment

Apparently his pay-as-you-go arrangement with the insurance company, made because he resumed his career after taking a settlement, is scheduled to end and he's been holding out because he owes the insurer a lump sum.

See the New York Post article:
http://www.nypost.com/sports/3392.htm

misterjaggers is offline  
Old
09-29-2003, 08:35 PM
  #2
WickedBruinsGirl
06.15.11
 
WickedBruinsGirl's Avatar
 
Join Date: May 2003
Location: loge 19 ♥
Country: United States
Posts: 14,097
vCash: 500
Understandable why he needs to play this season, and why he needs money. I hope he signs soon, with the Bruins (or elsewhere) for his own sake. 2 year deal from the Bruins doesn't present itself often though.

WickedBruinsGirl is offline  
Old
09-30-2003, 04:17 AM
  #3
misterjaggers
Registered User
 
Join Date: Sep 2003
Location: The Duke City
Country: United States
Posts: 14,273
vCash: 500
Spector's response to NY Post story

This how Spector's Hockey Trade Rumors responded to the NY Post story on Berard:

"The market for this year's UFAs is tighter than a drum. Berard should take the two-year deal and get back on the ice and prove that last season wasn't a fluke. He's not going to find anybody willing to bite on more than $2.008 mil."

(See: http://www.spectorshockey.net/)

misterjaggers is offline  
Old
09-30-2003, 05:23 AM
  #4
Samsonov14
Best chimp ever
 
Join Date: Nov 2002
Location: Wilmington, NC
Country: United States
Posts: 642
vCash: 500
Let's hope he reads Spector's.

Samsonov14 is offline  
Old
09-30-2003, 09:28 AM
  #5
BruinsGirl
Registered User
 
BruinsGirl's Avatar
 
Join Date: Aug 2002
Location: Bruinsville, MA
Country: United States
Posts: 5,159
vCash: 500
I hope if B's have to pick one of Boynton/Berard they will make a right choice!

BruinsGirl is offline  
Old
09-30-2003, 11:20 AM
  #6
BigBadBruinsMac
Registered User
 
Join Date: Apr 2002
Location: Hammonds Plains, NS
Country: Canada
Posts: 537
vCash: 500
My question is on what did he spend that $6.4 million???

BigBadBruinsMac is offline  
Old
09-30-2003, 12:42 PM
  #7
Jeff from Maine
Registered User
 
Join Date: Feb 2002
Posts: 9,667
vCash: 500
He Spent It On

Legit injury related costs.

When you are talking surgery from the guys that perform surgery on these guys, something that might cost us 10,000 bucks could easily cost them 100,000.

And from what I understand the HUGE majority of it was NOT spent...it was saved by him.

Also realize that he repaid Toronto some insurance costs and costs for treatment as well.

That said, he DID end up spending a lot of cash on the various treatments associated with the injury.

Later

Jeff from Maine is offline  
Old
09-30-2003, 12:54 PM
  #8
Bruwinz37
Registered User
 
Bruwinz37's Avatar
 
Join Date: Feb 2002
Country: United States
Posts: 26,880
vCash: 500
Quote:
Originally Posted by Jeff from Maine
Legit injury related costs.

When you are talking surgery from the guys that perform surgery on these guys, something that might cost us 10,000 bucks could easily cost them 100,000.

And from what I understand the HUGE majority of it was NOT spent...it was saved by him.

Also realize that he repaid Toronto some insurance costs and costs for treatment as well.

That said, he DID end up spending a lot of cash on the various treatments associated with the injury.

Later
Do you know this as fact or is this what you heard? I would certainly think that the Maple Leafs have a very, very comprehnsive health insurance policy that covers incidents like this. Why would he have to pay back insurance? Why would he have to pay for his own surgery?

Didnt that 6.4 million generate enough interest...it should have...maybe he should hire a new agent a new financial advisor.

Bruwinz37 is offline  
Old
09-30-2003, 01:30 PM
  #9
Jeff from Maine
Registered User
 
Join Date: Feb 2002
Posts: 9,667
vCash: 500
From A Friend

I heard it from a friend who deos for the Leafs the same thing that Kirk does here for the Bruins.

He is VERY intune into the affairs for the Leafs.

Berards surgery was paid for by the insurance. But once he decided to resume his hockey career, it reverted back to being his own responsibility for payment.

Certainly not ALL of it was insurance/treatment repayment money. Remember this...the insurance is insurance on his WAGES as well!

When he suffered his wages, payment from the Leafs ceased! The insurance carrier for the Leafs paid his salary!

And when he resumed his career, THAT carrier wanted repayment sa well!

There is so much more to things like this than meets the eye. Totally different to the insurance needs/situations that we are all in.

But as for the point you are making as far as the truthfulness, accuracy and reliability of my statement....I got it from a friend who is very much intuned to the Leafs and their affairs.

Later

Jeff from Maine is offline  
Old
09-30-2003, 02:35 PM
  #10
Bruwinz37
Registered User
 
Bruwinz37's Avatar
 
Join Date: Feb 2002
Country: United States
Posts: 26,880
vCash: 500
Quote:
Originally Posted by Jeff from Maine
I heard it from a friend who deos for the Leafs the same thing that Kirk does here for the Bruins.

He is VERY intune into the affairs for the Leafs.

Berards surgery was paid for by the insurance. But once he decided to resume his hockey career, it reverted back to being his own responsibility for payment.


Later
I highly doubt that he had to repay any of the money for his surgeory. I am quite certain that this was covered under his policy by the Leafs as the accident happened *on the job* which in almost every walk of life (including McDonalds) the company is soley responsible for the damages. The only payment that Berard had to pay was the insurance on his contract which paid him because it looked like his livelihood was shot, when he came back to play he negotiated an amount to have to pay back...but there is NO WAY he paid anything more than a deductible for his injuries....if that.

Bruwinz37 is offline  
Closed Thread

Forum Jump


Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 11:02 AM.

monitoring_string = "e4251c93e2ba248d29da988d93bf5144"
Contact Us - HFBoards - Archive - Privacy Statement - Terms of Use - Advertise - Top - AdChoices

vBulletin Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
HFBoards.com is a property of CraveOnline Media, LLC, an Evolve Media, LLC company. 2014 All Rights Reserved.