Kevin O'Connor: NBA sources confirm that Brandon Clarke’s contract was completely protected for death. The $12.5M is expected to be paid in full through life insurance. An erroneous report said that the Clarke estate will not be paid out his $12.5M following his death in May. But the deal was negotiated for the Memphis Grizzlies to reimburse for life insurance to protect against the possibility of death, which is a customary approach to player contracts across the NBA. It provides the most beneficial protection for a player that can be negotiated in an NBA contract, since it provides tax advantages to the player.
This article originally appeared on Hoops Hype: Brandon Clarke's $12.5 million contract was fully protected in case of death
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