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Is Eddie Curry's Contract Insured?
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crzymdups
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1/19/2006  10:08 AM
Posted by Andrew:

joec32033, I've never seen anything that indicated as what you described. If you have read that somewhere please let us know. Actually all that I have ever read is that Curry has a player option after 3 or so years.


yeah, I've heard he has an opt out after 4 years, but that the entire contract is guaranteed no matter what.
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BlueSeats
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1/19/2006  10:48 AM
As I remember it, joe is closest. It is guaranteed for 3 or so years and then the last two we'd be protected for, but ONLY if he can't play at all because of the specific known heart condition.

Not quite a team option, but a form of catastrophic insurance against his existing heart condition.
joec32033
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1/19/2006  3:56 PM
http://games.espn.go.com/cgi/fba/playernewsarchive?statsId=990
go to OCT 4 for the dollar amount and insurance blurb...

http://proxy.espn.go.com/nba/trainingcamp05/columns/story?columnist=hollinger_john&id=2182500

Meanwhile, compare Curry's deal to that of former Knick Michael Sweetney. He was due to be paid his rookie contract for two more seasons, after which the Knicks would have been able to keep him as a restricted free agent if they so chose. Over the next six years, he was likely to cost the Knicks much, much less than the $60 million owed Curry, and he was virtually guaranteed to be a Knick for the duration of it as long as the team was interested in keeping him.

Second, the Knicks put some language in Curry's contract that gives them an escape hatch if the heart condition renders him unable to play.

I'll keep looking for specifics
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Is Eddie Curry's Contract Insured?
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