The estate of late Memphis Grizzlies player Brandon Clarke will receive a life insurance disbursement for his full $12.5 million salary that was owed next season.
Agent Mark Bartelstein of Priority Sports, who represented Clarke, confirmed to USA TODAY Sports Friday, Aug. 14 that Clarke’s contract was fully protected for death through a life insurance policy purchased by the Grizzlies. The full $12.5 million amount will be disbursed to Clarke’s estate tax-free.
There are multiple ways players and their representatives can negotiate life insurance policies and post-death protections in player contracts. From no coverage whatsoever, to standard death protections that count a player’s salary as a taxable event, agents can...
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