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Good news for Islanders: John Tavares' injury covered under contract insurance

Canada forward John Tavares skates off the ice

Canada forward John Tavares skates off the ice with a trainer after sustaining a leg injury during the second period of a men's quarterfinal ice hockey game against Latvia at the 2014 Sochi Winter Olympics at Bolshoy Ice Dome on Feb. 19, 2014 in Sochi, Russia. Credit: AP / Mark Humphrey

While it's no solace for having lost their best player for the season because of an injury he suffered at the Olympics, the Islanders will receive some financial relief regarding John Tavares' salary.

The International Olympic Committee and International Ice Hockey Federation paid for contract insurance as part of the agreement with the NHL and NHLPA to allow their players to take part in the Olympics, league spokesman Frank Brown said.

Contract insurance is common for situations in which professional teams allow their players to take part in a league-supported event outside of regular competition.

Tavares makes $5 million this season.

When Yankees first baseman Mark Teixeira hurt his wrist during the lead-up to the World Baseball Classic last March, an insurance policy purchased by Major League Baseball covered his Yankees salary during the time he was on the disabled list.

Brown declined to speak in detail about the specifics of the insurance plan, but a person familiar with the situation said the plan is similar to the WBC's in the sense that it will cover Tavares' salary while he is injured.

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