They do. Professional sports teams take out insurance policies on contracts all the time -- and they're not cheap. The Cardinals consider themselves one of the most aggressive when it comes to insuring contracts. They'll do it with many multi-year deals. But please don't confuse that for being a windfall of money. First, again, these policies are costly. Second, in my experience they operate like any insurance policy that you'll encounter -- there is a deductible, and then after that there is a percentage of the cost covered. For example, on a pitcher, it might be that the pitcher must miss 50 percent of the season for the insurance to click in, and then the insurance covers 80 percent beyond that. It's some money back, but it's not all of it, and it's not always that much, as an official in another sport once walked me through and insisted. The Cardinals are covering some of Fowler's salary, and thus are tied to the contract he carries over to the Angels, and his contract would fit the type the Cardinals have insured in the past. The bigger rebate the Cardinals got in recent years was the money back from Mike Leake last season when he didn't play.
Thanks for the question. It was well-stated. I've received many in the past 24 hours about Fowler and insurance that weren't as thoughtful, and were, for some reason, really eager to get the Cardinals some money I guess from an injury. That feels odd, for sure.