The Mets have a safety net with David Wright’s contract, just in case.
Ken Rosenthal of FOX Sports says the Mets have insured Wright’s contract, and would be able to recoup 75 percent of the money owed to Wright beginning on the 60th day he is unable to play.
Obviously, this policy kicking in wouldn’t be a good thing from a baseball perspective.
But, it’s a smart play by the club. He signed this long-term contract when he was close to turning 30, and they realized it was possible he could experience injuries as he got older. I don’t think they expected Wright to have the problems he’s had since 2013, and certainly spinal stenosis is something rare and nobody could have foreseen.
Hopefully, this doesn’t come into play for the Mets, because that would mean their best player has been out for far longer than they’ll be able to digest. But Wright could be out at least another three weeks, which would kick this insurance policy in.
At least the club is protected at a certain point, which they can’t be faulted for considering. Hopefully that point doesn’t come, however.
Wright is in the third year of an eight-year, $138 million contract he signed before the 2013 season. He will earn $20 million this season and in each of the following three seasons. His salary then declines to $15 million in 2019 and $12 million in 2020.
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One response to “Mets have insurance on David Wright’s contract”
So question, Michael. Do you have knowledge of the policy based on multiple long term injuries? Suppose he does sit out longer than the 60 days required to begin to recoup funds. Upon his return, the injury again flare up sometime down the line, and again he is sidelined. Does he need to be out 60 days again before ownership can collect on it? Given this type of injury, I can’t help but be concerned that this is a realistic possibility. Thanks.
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