T'Wolves Welcome First Chinese Minority Owner Adidas Signs Deal With Dalian Wanda Group Westbrook Redefining Spokesperson Role Company Makes J.R. Smith Tattoo T-Shirts Coastal Carolina Reaping CWS Benefits Reese's Uses Vonn For Oly Campaign USATF Inks Five-Year Deal For Supplements CWS, U.S. Swim Trials Gain Sponsorships Yahoo Praised For Draft Streaming Show Debut Marketplace Roundup
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).