Pitching sensation Max Scherzer turned down a six-year $144 million contract extension last year. He was confident he could get more. In January, the Washington Nationals signed the former Detroit Tigers ace to a seven-year $210 million deal, proving Scherzer’s hunch was spot on. All’s well that ends well — but what if Scherzer had been injured in the interim? Would his gamble have come crashing down around him?
Nope. Scherzer just revealed the details of an insurance policy he bought for $750,000. It gave him the confidence to stand strong in negotiations. The policy, as relayed by Fox Sports’ Ken Rosenthal, “would have provided him with $40 million tax-free if he suffered any type of injury that prevented him from receiving an offer below the Tigers’ original $144 million proposal.” Now that’s a hedge fund.
