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SBD/November 27, 2013/Marketing and Sponsorship
Adidas Could Recoup Part Of Rose Deal, But Does Company Need To Find Successor?
Published November 27, 2013
HOW NBA INSURANCE WORKS: Rovell reported the Bulls are on the hook for Rose's entire $17.6M salary this season even though he only played in 10 games, but the NBA's insurance policy with MetLife "means the team will get some of that money back." The policy begins "paying out after a player has missed 41 straight games with the same injury." That means insurance will pay 80% of Rose's salary for the final 29 games of the season. Rovell: "In the past two years, the Bulls have paid Rose $34 million and have received $11.5 million dollars back from insurance. If this was not a completely new injury, the insurance policy from last season would have continued to cover the Bulls at 80 percent of Rose’s salary. But because it’s a completely new injury, the clock to reach the 41-game deductible starts over again” (“SportsCenter,” ESPN, 11/26).