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In 2008, the New York Yankees signed free agent CC Sabathia to a 7 year deal worth $161 million. At the time, Sabathia was coming off winning the Cy Young Award, and was brought in to be the team's ace as their earlier championship core aged and/or moved on.

However, after occasional short-term injuries earlier in his career, by 2014, a degenerative knee was placing Sabathia's career in doubt.

At the time he was 33, and still owed a great deal of money ($23 million each in 2014 and 2015, and $25 million in 2016).

My guess that the Yankees would have protected themselves by buying insurance proved correct.

He ended up returning to a fairly full load in 2015 and 2016... but his best was certainly behind him.

But it got me wondering: how much might player insurance cost? And how much more might it cost for Sabathia (since he was older and weighed 240 pounds) than for another player with a similar salary? Put another way: How much does Sabathia's "extra" age and weight cost in insurance?

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    This article from 2008 discusses MLB team insurance on long-term players against injury. The article mentions premiums "as high as 10% of the contracts annual value," and CC Sabathia has got to be on the upper end of that scale. – Ben Miller - Reinstate Monica Jul 6 '14 at 22:49
  • Insurance is also important in many other sports. More information on player insurance as a whole, and how often it is bought (in baseball, or in sports in general) would be very useful answers to such a question as this! – JeopardyTempest Feb 25 '17 at 9:24

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