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Mike Meltser Podcast

    59 – COVID-19 Sports Insurance Losses & Ravens Release Earl Thomas

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    This is a 2-part episode of the Mike Meltser podcast, which explores the insurance aspect of the massive losses the sports industry has sustained due to COVID-19 and the Ravens attempting to terminate Earl Thomas’s contract for “conduct detrimental to the team.”

    Mike’s guest is Vince Morgan, who is one of the nation’s most prominent corporate policyholder litigators and a partner at Bracewell LLP in Houston. You can find out more information about Vince here.

    (2:53 ) Why are the Houston Rockets suing their insurance company?

    (4:25) What language determines whether business-interruption insurance policies cover COVID-19 losses ?

    (6:32) Why Wimbledon and the NCAA were able to collect money from their insurance companies after the cancellations of Wimbledon and the NCAA Tournament, respectively.

    (8:40) Where does “civil authority” come in? 

    (10:00 ) Vince’s thoughts on the future of COVID-19 related litigation in the sports context

    (10:52) Mike explains the fight that is in store after the Baltimore Ravens released safety Earl Thomas on Sunday for “conduct detrimental to the team.” Will the Ravens be able to terminate his contract and avoid paying Thomas the $10 million he is owed in guaranteed money for 2020? Mike explains the process in store and analyzes the likely arguments from the Ravens and from the NFLPA (on Thomas’s behalf).

    The Mike Meltser Podcast is brought to you by Alamo Remedy CBD.

    Website: Alamo Remedy CBD

    Promo code: MIKEM

    Music Credit: 

    Slow Burn by Kevin MacLeod

    Link: https://incompetech.filmmusic.io/song/4372-slow-burn

    License: http://creativecommons.org/licenses/by/4.0/