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Insurance will cover $19 million of Mark Teixeira’s salary

Jun 28, 2013, 4:52 PM EDT

Mark Teixeira Reuters

Mark Teixeira‘s season is over after just 15 unproductive games thanks to a wrist injury suffered during the World Baseball Classic and Andrew Marchand of ESPN New York has the details on how much of that will be covered by insurance.

Between the WBC-based insurance from MLB and their own insurance the Yankees will reportedly get back $18.7 million of his $22.5 million salary for this season. According to Marchand the WBC-based portion of that is $7 million.

All of which seems to suggest that the Yankees would have plenty of money to throw around for a midseason pickup, particularly if it were someone on a one-year deal.

Teixeira, who’s 33 years old and hasn’t topped an .850 OPS since 2009, is signed for three more seasons after this one at $22.5 million per year.

  1. uyf1950 - Jun 28, 2013 at 4:53 PM

    “All of which seems to suggest that the Yankees would have plenty of money to throw around for a midseason pickup, particularly if it were someone on a one-year deal.” The Yankees had plenty of money to throw around before this. It’s just they chose not to.

    • bigharold - Jun 28, 2013 at 9:39 PM

      Who would you have suggested?

      Having the resources is one thing but having the talent available is another.

  2. APBA Guy - Jun 28, 2013 at 5:20 PM

    Also, there is the notion of the insurance payout as a partial motivator for Cashman’s comment to A-Rod. If the Yankees were to receive a similar percentage for A-Rod it would be in the neighborhood of $ 22M.

    • jwbiii - Jun 28, 2013 at 5:57 PM

      “This brings us to Alex Rodriguez. If A-Rod were to miss the entire season because of his hip, the Yankees would not receive the full $28 million he is owed from his temporary insurance. The most they would save is $9 million because of how the policy is set up.”

    • kiwicricket - Jun 28, 2013 at 6:19 PM

      APBA-
      Chateau Unang – Cotes Du Ventoux.
      Best value Southern Rhone you will come across. Tiny family owned place, balanced interesting wines. Should be able to find them in CA.

      Sorry, sales pitch finished.

      • badintent - Jun 29, 2013 at 1:48 AM

        Give me Hermitage or Chateaunuff du Pape. Only Rhone wines I drink, the rest are dog piss.

      • kiwicricket - Jun 29, 2013 at 2:42 AM

        The money you have wasted on overpriced wines could of been spent more wisely on traveling there and educating yourself.

  3. fanofevilempire - Jun 28, 2013 at 5:57 PM

    Yeah , just throw that 18.7 mil around and pickup another third baseman, you
    can never have enough third baseman on the DL.
    Bank the money!

  4. brewcitybummer - Jun 28, 2013 at 6:00 PM

    So I’m completely ignorant about this sort of specialty insurance. Does anyone know if the insurance companies’ would adjust their formulas based on these types of payouts? In other words, could the premiums get so expensive that MLB thinks the WBC’s promotional value isn’t worth the costs?

    • binarymath - Jun 28, 2013 at 6:52 PM

      “…could the premiums get so expensive that MLB thinks the WBC’s promotional value isn’t worth the costs?…”

      one can only hope.

  5. Glenn - Jun 28, 2013 at 6:46 PM

    I assume his salary still counts against the luxury tax, which was the reason the Yankees were penny pinching (relatively) this year. They always have plenty of money otherwise.

    • bigharold - Jun 28, 2013 at 9:40 PM

      Teixeira’s salary won’t cost the Yankees but it absolutely counts against the cap.

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