Astros Insurance Claim Denied
The Houston Astros tried to recover $15.6 million of the $17 million injured slugger Jeff Bagwell is getting paid this season. Their foundation for this arguement is that their aging star is too injured (chronically injured shoulder) to play this year. Because he played at the end of last year, they will not be recieving any money from the insurance policy they took out on him that ran out Jan. 31, 2006. This is because from the end of last year, to the end of January, there were no changes in his health condition. The Astros intend to take the insurance company to court over the issue, they hired Attourney Wayne Fisher. When asked of his opinion on the issue he remarked, "For a lawyer who has 45 years of experience in this kind of thing -- big, gigantic shock, an insurance company doesn't want to pay." Because of the obvious economic impact on the organization, this will be an interesting case to follow. This story brings me to my main question:does it ultimately pay off to pay a fan favorite such as jeff Bagwell who is past him prime a contract that is way over market value just to keep him on the team? By doing so, do you really gain or keep enough fans to justify paying an old, broken down first baseman who has been relegated to nothing more than a spot player crazy sums of money or should the team let his diminishing talents go elsewhere?
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