Kukla's Korner

Kukla's Korner Hockey

If Crosby Needs To Retire

from Rick Westhead of the Toronto Star,

NHL players still receive their paychecks if they’re forced out of the lineup with injuries sustained during games or practices. But off-ice insurance policies provide a financial cushion for players in case they are injured away from the rink.

Some teams have threatened to scuttle contracts if players get hurt during certain activities, such as mountain climbing or water skiing. Crosby’s around-the-clock policy covers him against any career-ending injuries.

Pat Brisson, Crosby’s agent, confirmed the Penguins captain has insurance coverage, but he declined to confirm the value of his policy. A source familiar with the matter confirmed the policy is worth about $20 million.

Crosby, who is making $9 million this season and $7.5 million next year, would only be able to cash in the policy if he retires permanently from the NHL.

It’s possible that he could retire and collect from his insurance company and later return to hockey. Crosby would first need to repay his insurance payout.

If Crosby collects a massive insurance payout, it could have a ripple effect across all pro sports leagues. Several insurance industry executives say it would dwarf any other NHL-related payout.

read on

Filed in: NHL Teams, Pittsburgh Penguins, | KK Hockey | Permalink
  Tags: sidney+crosby

Comments

bezukov's avatar

Lets hope it doesn’t come to that.

Posted by bezukov from the kids are alright. on 02/08/12 at 01:27 PM ET

Add a Comment

Please limit embedded image or media size to 575 pixels wide.

Add your own avatar by joining Kukla's Korner, or logging in and uploading one in your member control panel.

Captchas bug you? Join KK or log in and you won't have to bother.

Smileys

Notify me of follow-up comments?

Feed

Most Recent Blog Posts

About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com