Jump to content
  • Welcome!

    Register and log in easily with Twitter or Google accounts!

    Or simply create a new Huddle account. 

    Members receive fewer ads , access our dark theme, and the ability to join the discussion!

     

Why didn't we just Cut Sally?


koolkatluke

Recommended Posts

If we go the injury-settlement route, it wouldn't be the first time we've done that:

http://www.nfl.com/news/story?id=09000d5d8020cd4b&template=without-video&confirm=true

http://www.tsn.ca/nfl/teams/story/?id=247028&hubname=nfl-panthers

http://www.kffl.com/player/9735/NFL

And a story on injury settlements from an agent's pespective:

http://bleacherreport.com/articles/236279-negotiating-an-injury-settlement-by-jack-bechta

The way I understand it, going the injury settlement route saves the team money (and I assume cap space as well) by paying the player for part of the season rather than the whole season if the player's on IR.

Link to comment
Share on other sites

not sure a lot of you that are complaining about us not using the injury settlement know what you're talking about.

an injury settlement isn't something you can just throw at an injured player and say "here's some money, go away."

you get agents involved as well as multiple doctors representing the player and the team giving a prognosis on how long the player is going to be out of commission. the two sides have to agree to a time frame and payment to the player that both frees the player to go to another team and still be compensated for his time with the team while the team is relieved of any further financial obligation to the player.

here's the easiest and simplest explanation of an injury settlement i could find.

* Injury Settlement:

occasionally a team has a player on IR but agrees with that player to a cash settlement in exchange for releasing that player. The team benefits by limiting further financial responsibility and player carrying costs while the player benefits both by receiving cash and by becoming eligible to sign with another team and begin playing as soon as physically capable (perhaps even during the same season)

link

here's an agents take on the process:

THE INJURY SETTLEMENT

One of the most important roles of an agent is to shine when his client gets hurt during camp, especially if he’s a down-the-line player who’s already a long shot to make the team. When a player in this category suffers a serious injury (out for six weeks or more), the team wants to part ways quickly and wash its hands of the liability.

When a team calls an agent and says it wants to do an “injury settlement,” that means the agent and either the GM or salary-cap manager have to come up with a time frame they think would be equivalent to the duration of the player’s injury. This process is greatly flawed because you have two non-medical professionals trying to forecast the healing time of an injury based on the team doctor’s prognosis. It’s the agent’s job to tell the team that the player would like a second opinion. Teams must agree to a second opinion but don’t always like it because 80 percent of the time the second doctor forecasts a much longer recovery.

Once both doctors’ opinions are in, a negotiation for the injury settlement begins. If the team doctor thinks the player will be fully recovered in six weeks and the second-opinion doctor says 10 weeks, both parties may agree on an eight-week settlement. So if a player was hurt on Aug. 15, he would be paid as if he was on the roster until Week 4 of the regular season. He’s then paid for four preseason games and four-sixteenths of what his salary would have been for that season.

These are not always simple negotiations. Sometimes, the spread in medical opinions can be as much as 10 weeks to three months.

link

Link to comment
Share on other sites

not sure a lot of you that are complaining about us not using the injury settlement know what you're talking about.

an injury settlement isn't something you can just throw at an injured player and say "here's some money, go away."

you get agents involved as well as multiple doctors representing the player and the team giving a prognosis on how long the player is going to be out of commission. the two sides have to agree to a time frame and payment to the player that both frees the player to go to another team and still be compensated for his time with the team while the team is relieved of any further financial obligation to the player.

here's the easiest and simplest explanation of an injury settlement i could find.

here's an agents take on the process:

thanks, RAYZOR, for some good FACTUAL info. Oops, forgot myself for a moment there, why do we need facts to confuse us?

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.


×
×
  • Create New...