Posted 9:48 PM ET | Comments 4
Contracts, that’s what’s all around us in the world of commerce. Whether it’s a drivers license, traffic ticket or a performance contract that Jack Eichel signed for $10m x 8 years. Meaning every cell belongs to the Sabres for those eight years.
I’m certain that all people who’ve had the same injury or worse, doctors always start with the conservative approach unless absolutely necessary.
The media sensationalized the story, for you guessed it, ratings = $$$
So, since we’re already talking money let’s open up an avenue unexplored and is a biggie when it comes to the financial health of any sports team, and it’s ability to sign players. This is in addition to ltir write-offs.
On top of player salaries, Sports teams also pay premiums to insurance companies such as Loyd’s of London to hedge themselves against loss .
There are terms in the insurance contract that we no nothing about , are not privy to nor are any outlets ever talking about it.
One of those terms that the contract may not payout on is exploratory/experimental surgery.
And that’s what media outlets are reporting is an artificial disk implant that Jack wants, and that surgery has never been done before. That could possibly nullify the protection the Sabres are paying for.
Well that’s just bad business on the part of Eichels agent for just giving him the keys to the Brinks truck and not explaining how all the buttons work to his client.
If you were the Sabres would you just throw caution to the wind with $80m + ?
Besides, Jackie’s college educated he’d be able to figure it out on his own.
Plain and simple both contracts must be adhered to and is in the best interests of both parties. Eichel and his agent can’t expect the Sabre’s to nullify the payout terms of the policy, loosing not only on salary but on premium and Jack the asset himself.
That my friends is the holy trinity of hockey, the asset, the salary and the indemnity.