's various protection systems in the NBA are very sound. For example, the NBA stipulates that as long as players play for three years or more, they can receive pensions when they reach the age of 45. For example, Iverson, who has just turned 45, can receive a pension every month. Can receive a pension of 4288 US dollars, while Jordan can receive 4595 US dollars.
At the same time, the NBA has a hard and fast rule, that is, each team must buy insurance for the five highest-paid players of the team. The premium paid is 1.5%-5% of the salary, and the premium paid is based on the injury of the player. History decides that iron men like Butler are 1.5% and glass men like Curry are 5%.
Wall hasn’t played a game this season. His salary this season is 37.8 million. The premium he pays should be between 567,000 and 1.89 million. The insurance company is not a fool to know that Wall may not be able to make it this season. The premium is paid at the highest rate of 5%. The
insurance company’s contract stipulates that as long as the player misses 41 games, the so-called 41 games clause, the insurance company will pay 80% of the player’s salary for the remaining games. Wall’s salary is 37.8 million. He has not played a game this season. Calculate the insurance company has to pay 1512 compensation to the Wizards. This 15.12 million is half of Wall’s salary this season and multiplied by 80%.
This means that the Wizards can recover more than 13 million losses, which also reduces the Wizards' actual wage expenditure a lot. Many fans of
want to ask, isn’t the insurance company losing money? In fact, it is not always true.
players who missed more than 41 games throughout the season can trigger insurance clauses. It is rare for a player like Wall to be unable to play in a season. If the team is ranked in the playoffs after a player's injury, it will not I would like to pay more to the insurance company and not let this player play, after all, the team still has to score.
But this season is an exception. Durant, Wall, Thompson and other three top-paid players are all reimbursed for injuries and did not play a match in the regular season. In this way, the insurance company will only pay the insurance premiums for the three teams including the Warriors. More than 40 million.
The author roughly estimated that there are 150 top 5 players in each team’s salary. These players have a salary of more than 2.5 billion. If they are calculated at a 3% premium, they will have to pay 75 million in premiums. This season, except for Du In addition to Rand and the other three, Griffin of the Pistons played 18 games, Knight played 9 games, Curry of the Warriors played 5 games, Irving of the Nets played 20 games, Pacers Oladipo played 19 games, Porter of the Bulls played 14 games, and Robertson of the Thunder played 7 games. These people have triggered 41 games. The insurance company will indemnify their respective parent teams. fee.
Of course, Iguodala’s situation is an exception. He was traded to the Grizzlies by the Warriors and refused to play for the Grizzlies. This is definitely not an injury. The insurance company will definitely define it. Otherwise, the player will not play for personal reasons. The company lost money to his parent team, and the insurance company was really losing money.
Judging from the situation this year, the premiums received by the insurance company may not be enough to compensate the wages of each team, mainly because there are too many injuries this year. Wall, Thompson, and Durant are the three players with the highest salaries. They are all omnipotent. This situation has never happened in previous years, so insurance companies may have to lose some money.
However, insurance companies should have made money in previous years. In these years, few high-paid players have been reimbursed throughout the season. In fact, insurance companies are formulating rules, and they must be careful when formulating compensation standards. Insurance companies have never made money-losing transactions.
