01-25-2012, 08:12 AM
This is very feasible and just takes a good format of rules and telling how the procedure plays out. I would suggest something straight forward that leaves no room for subjection.
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*NOTE* There are 187 days in the FCM Regular Season Calendar
1. Teams can purchase an insurance premium during the off-season.
--- a. The player must be signed to a multi-year contract with a salary of $1M+.
--- b. The player cannot be currently injured.
2. A player's injury must effect the regular season, as the player is not being paid in the playoffs, off-season, or spring training.
3. Teams must specific the amount of years they wish to cover and can choose between 4 insurance options:
--- a. Premium of 5% of contact (options excluded) for 25% insurance reimbursement
--- b. Premium of 10% of contract (options excluded) for 50% insurance reimbursement
--- c. Premium of 15% of contract (options excluded) for 75% insurance reimbursement
--- d. Premium of 20% of contract (options excluded) for 100% insurance reimbursement
4. A player has to be injured for at least 2 weeks (vitals tab) in order to get the prorated portion of the contract reimbursed.
5. Per the vitals tab, a "week" is valuable for reimbursement of 7 days. A "month" is valuable for reimbursement of 30 days. Different injuries cannot be added together for reimbursement eligibility.
--- i.e. A player injured for 23 days would show up as being injured for 3 weeks in the vitals tab. He would be eligible for reimbursement of 21.
6. Reimbursement figures will be rounded to the nearest thousand dollar amount.
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The reason I feel we should use roundabout figures for weeks and months is so we don't have to do a lot of research to figure out exactly how many days a player was injured. This way the file could be viewed at any time and anyone would know exactly how much reimbursement the team is eligible for.
So, here's two examples with my Rockies.
Aaron Brand: (For example sakes, we'll say he signed a $5M/2 Year contract in the off-season)
A. I purchase a 5% insurance premium in the off-season for the duration of the contract, which costs me $500K
($10M x 5% = $500K) - Premium Payment
B. Brand was injured for 3 months, which is eligible for 90 days
(90 days / 187 FCM days x $5M = $2.406M) - Salary Earned While Injured
($2.406 x .25 = $602K) - Reimbursment
I bought the 5% premium which gives me 25% reimbursement. His injury was eligible for 90 days, nearly half of the FCM 187 day season. I would come out ahead $102K while still having him insured for the remainder of the current season and the next season as well.
Gabriel Gamora ($13M/2 contract)
A. I purchase a 10% insurance premium for the entire duration of the contract, which costs me $2.6M
($26M x .1 = $2.6M)
B. Gamora was injured for 3 weeks, 9 days, and 2 two days -- However only the 3 week injury would be eligible.
(21 days / 187 FCM days x $13M = $1.460M)
($1.460M x .5 = $730K) - Reimbursement
Since Gamora has an option I cannot purchase insurance on it until the option is picked up. Only the 3 week injury is eligible for reimbursement, so I would be getting $730K back and have the insurance for next season as well.
----------
*NOTE* There are 187 days in the FCM Regular Season Calendar
1. Teams can purchase an insurance premium during the off-season.
--- a. The player must be signed to a multi-year contract with a salary of $1M+.
--- b. The player cannot be currently injured.
2. A player's injury must effect the regular season, as the player is not being paid in the playoffs, off-season, or spring training.
3. Teams must specific the amount of years they wish to cover and can choose between 4 insurance options:
--- a. Premium of 5% of contact (options excluded) for 25% insurance reimbursement
--- b. Premium of 10% of contract (options excluded) for 50% insurance reimbursement
--- c. Premium of 15% of contract (options excluded) for 75% insurance reimbursement
--- d. Premium of 20% of contract (options excluded) for 100% insurance reimbursement
4. A player has to be injured for at least 2 weeks (vitals tab) in order to get the prorated portion of the contract reimbursed.
5. Per the vitals tab, a "week" is valuable for reimbursement of 7 days. A "month" is valuable for reimbursement of 30 days. Different injuries cannot be added together for reimbursement eligibility.
--- i.e. A player injured for 23 days would show up as being injured for 3 weeks in the vitals tab. He would be eligible for reimbursement of 21.
6. Reimbursement figures will be rounded to the nearest thousand dollar amount.
----------
The reason I feel we should use roundabout figures for weeks and months is so we don't have to do a lot of research to figure out exactly how many days a player was injured. This way the file could be viewed at any time and anyone would know exactly how much reimbursement the team is eligible for.
So, here's two examples with my Rockies.
Aaron Brand: (For example sakes, we'll say he signed a $5M/2 Year contract in the off-season)
A. I purchase a 5% insurance premium in the off-season for the duration of the contract, which costs me $500K
($10M x 5% = $500K) - Premium Payment
B. Brand was injured for 3 months, which is eligible for 90 days
(90 days / 187 FCM days x $5M = $2.406M) - Salary Earned While Injured
($2.406 x .25 = $602K) - Reimbursment
I bought the 5% premium which gives me 25% reimbursement. His injury was eligible for 90 days, nearly half of the FCM 187 day season. I would come out ahead $102K while still having him insured for the remainder of the current season and the next season as well.
Gabriel Gamora ($13M/2 contract)
A. I purchase a 10% insurance premium for the entire duration of the contract, which costs me $2.6M
($26M x .1 = $2.6M)
B. Gamora was injured for 3 weeks, 9 days, and 2 two days -- However only the 3 week injury would be eligible.
(21 days / 187 FCM days x $13M = $1.460M)
($1.460M x .5 = $730K) - Reimbursement
Since Gamora has an option I cannot purchase insurance on it until the option is picked up. Only the 3 week injury is eligible for reimbursement, so I would be getting $730K back and have the insurance for next season as well.
Cleveland Record: 5631-4946 (.532) [2054-2071, 2083-2104, 2110-2135]
AL Post: 16 (ALC), 11 (WC) - ALDS Win: 12 - ALCS Champ: 7 - WS Champ: 4
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AL Post: 3 (ALW), 4 (WC) - ALDS Win: 3 - ALCS Champ: 1 - WS Champ: 1
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NL Post: 18 (NLW), 4 (WC) - NLDS Win: 7 - NLCS Champ: 4 - WS Champ: 0