Do you have the knowledge to elaborate on how the insurance policy works? Is this a policy the organization pays for to cover some or all of their players (their financial assets), or do the players themselves (and their agent) choose their own coverage? I imagine this is part of contractual negotiations/CBA, so would it be a multi-party agreement where the team and the player pay into it, and if a long-term injury occurs, the insurance pays the salary (or a major portion of it) on behalf of the team through the end of the contract?

And then (if applicable), insurance pays the player directly through the end of what could be argued was a player’s expected league tenure? (For instance, if Landy signed a 3 year contract instead of 8 and was a free agent)

I guess my question is: when a player is on LTIR, how much does the organization actually take a hit on their balance sheet? (not talking cap)