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Study Finds NHL Loses $218M Annually To Injuries, Concussions Among Most Costly
Published January 20, 2014
FINES PUT TO GOOD USE: In Boston, Fluto Shinzawa noted when the NHL Department of Player Safety suspends a player, "his forfeited salary goes to the Players’ Emergency Assistance Fund." The fund "has been in existence for approximately 70 years," and its mission is to "help former players and their families who are in financial distress." Approximately 75 to 100 "receive assistance from the fund at any time." The NHL this season "has identified 33 acts worthy of fines or suspensions," with the fines totaling near $1.6M. NHL Deputy Commissioner Bill Daly said of the fund, "The feedback is very positive from its recipients. It's sometimes widows or family members of former players who are now in dire need of assistance. This is viewed as a helpful assist." He added of the factors cited on applications to the fund, "Financial distress is probably the primary one. Lack of insurance, poor health, a one-time medical procedure" (BOSTON GLOBE, 1/19).