The NBA and NBPA have reached an agreement on a revamped insurance benefit for players who suffer career-ending injuries, sources tell Adrian Wojnarowski of ESPN. According to Wojnarowski, the new disability policy will pay players $2.5MM in the event of a career-ending injury sustained on or off the court.
The previous insurance policy for career-ending injuries paid out approximately $312K — the NBPA had been pushing to increase that amount in the midst of future salary cap uncertainty and the coronavirus pandemic, writes Wojnarowski. The new policy will also apply to career-ending ailments related to COVID-19 complications, Woj adds.
Sources tell ESPN that the new insurance benefit will apply to all active players up to 35 years old and would be paid out in addition to the money owed on the player’s existing contract.