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Insurance to cover “about half” of Victor Martinez’s salary

Jan 31, 2012, 4:17 PM EDT

Detroit Tigers' Martinez runs bases after hitting a solo home run against the Texas Rangers in Game 3 in their MLB American League Championship Series baseball playoffs in Detroit

Victor Martinez underwent microfracture knee surgery yesterday and is slated to undergo another surgery to repair his torn ACL in 6-8 weeks, leaving no doubt that he’ll miss the entire season.

According to Jayson Stark of ESPN.com the Tigers’ insurance policy on Martinez’s four-year, $50 million contract is “expected to cover about half of the $13 million he has coming this year.”

That’s a nice chunk of change, obviously, but that still leaves the Tigers paying $6-7 million for Martinez to do nothing this season and the $6-7 million they’ll get from the insurance company barely makes a dent in the $23 million Prince Fielder will get in 2012 to basically replace him in the lineup.

And then Martinez is owed $13 million in 2013 and $12 million in 2014, while Fielder will get $23 million in 2013 and $24 million in 2014 (plus $24 million each year from 2015-2020).

  1. Detroit Michael - Jan 31, 2012 at 4:25 PM

    This news had already hit Detroit sports talk radio last week.

    I don’t know if he was the first, but Lynn Henning of the Detroit News tweeted this way back on Tuesday January 17 according to this blogger: http://designaterobertson.blogspot.com/2012/01/oh-my-god-they-killed-victor-you.html. In any case, it wasn’t Jayson Stark who was first with the news.

  2. miketreedy - Jan 31, 2012 at 4:47 PM

    The Tigers are very lucky to call Detroit home where the economy is booming & unemployment is low. No, well at least Detroit is a big tourism town that draws lots of people who will want to see Tiger games. No again huh, well the Tigers may be screwed.

    • miketreedy - Jan 31, 2012 at 9:14 PM

      (BTW – sorry for the double posting. Not my intention.) I did want to add that it’s too bad Obama is a White Sox fan, otherwise maybe Detroit could be in line to receive another bailout. Illitch better sell lots of Pizza over the next few years and they better not be to Prince & Cabrera.

  3. miketreedy - Jan 31, 2012 at 4:47 PM

    The Tigers are very lucky to call Detroit home where the economy is booming & unemployment is low. No, well at least Detroit is a big tourism town that draws lots of people who will want to see Tiger games. No again huh, well the Tigers may be screwed.

  4. druppel52 - Jan 31, 2012 at 6:03 PM

    Who the H*ll cares? The only person that has to worry about these scenarios is Ilitch. No one says shit when its the Yankee’s.. Not like the Bronx is doing much better than Detroit

    • ptho16 - Feb 1, 2012 at 8:14 AM

      The thing about the Yankees that people overlook is the percentage of their revenue that they spend. If they make 500 million dollars and spend 200 million on player salaries they’re only spending 40% of their revenue where as a team like the indians might only make 150 million and spend 75 million on player salaries, but is spending 50% of their revenue. Would you rather the Steinbrenners just take in all revenue and not reinvest it in the team’s payroll?

  5. andyreidisfat - Jan 31, 2012 at 6:49 PM

    This team will be broke in 3 years. They better win every year to get that post season revenue

  6. papacrick - Jan 31, 2012 at 7:16 PM

    You wish tool. Detroit has the largest suburb surrounding in the country. About a 1000 towns within an hour of the city. Illitch is responsible for the droves of people that come downtown Detroit from Spring thru Fall. Casinos, restaurants, and great sports teams. The perception from outsiders is that Detroit is a dump but downtown is actually really nice. It’s the outskirts of town that resemble third world countries. The amount of people downtown is crazy compared to the last few decades. The Tigers’ attendance reflects that. Thank you Mr. Illitch for caring

  7. vincentbojackson - Jan 31, 2012 at 8:13 PM

    Unless Ilitch can get Fielder can play part time for the Red Wings it looks like the price of Little Caesar’s pizza is about to go up.

  8. craggt - Jan 31, 2012 at 9:12 PM

    Whats often lost in the discussion of the Tigers’ payroll is how much they are saving by no longer having Magglio and Carlos Guillen on the payroll. Want to know how much they were paid last year? A combined $23 Million. Where have I heard that number before?

  9. ispysomething7 - Jan 31, 2012 at 10:49 PM

    Tigers are about to make the ’97 Marlins as penny pinchers. Detroit, you better be eating pizza five nights a week!

  10. detroitcityryda - Feb 1, 2012 at 1:38 AM

    I don’t want anyone to worry about the tiges money , ilitch got paper !and he’s Yugoslavian hustle got him to where he is today.white sox fans just mad because we will own the division for the next 9 years

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