Insurance takes care of England trio's IPL miss
They missed the Indian Premier League but the injured English trio of Stuart Broad, Kevin Pietersen and Paul Collingwood is unlikely to miss out much on of the event's riches as insurance companies will step in to cover their payments.
They missed the Indian Premier League but the injured English trio of Stuart Broad, Kevin Pietersen and Paul Collingwood is unlikely to miss out much on of the event's riches as insurance companies will step in to cover their payments.
Their combined salaries of USD 1.3 million will be taken care of by the insurance companies after they did not recover from injuries before the IPL.
"The terms and conditions of IPL insurance payouts, taken out individually, cover 50-100 per cent of the full salary. Collingwood's knee operation is likely to keep him out for at least another six weeks, meaning he had no choice but to sit out the tournament and let the insurance cover part, if not all, of his USD 250,000 contract with Rajasthan Royals," the 'Daily Telegraph' reported.
Pietersen is contracted with Deccan Chargers for a sum of USD 650,000.
Broad's contract with the Kings XI Punjab is USD 400,000.