Sporting news also reporting the same !

thank you and good night

Beat me to it. Stein on Twitter: "@STEIN_LINE_HQ: Andrew Bogut's agent David Bauman tells ESPN.com that deal w/Sydney Kings is "off" because of insurance obstacles, not on hold. Link on way"

BOGUT=SOFT

Still don't understand the insurance thing... is it because of the severity of his injury? Deron Williams managed to get insured while actually being injured...

Ginobili is one of the most injury prone players in the NBA, and he got insured.

And what about national team duties? Who pays for that insurance?

My guess is the Buck's lawyers were doing everything in their powers to stop this deal at all costs (and who can blame them)...

There is something going on here that I wish the parties involved would explain. Why can't Bogut come out and simply state "because of the severity of my existing injuries, insurance cannot be attained". Because simply "insurance cannot be attained" is not the truth.

That is a great way to ensure you never get insurance again - admit that you couldn't obtain insurance publically because of the severity of your pre-existing injuries. That is a great idea - not.

Just leave the guy be. He has his own professional advice about what he should or should not do. No guarantees have ever been given to anyone that this would happen.

From One Managements Twitter...

I am sorry to say that we have been unable to rectify the outstanding issues on @AndrewMBogut s insurance with FIBA

We have worked hard over the past week and are disappointed @AndrewMBogut will not be suiting up for @thesydneykings

Thanks to everyone for your patience and messages of support.

We will work now on seeing how @AndrewMBogut can still be involved with the @thesydneykings to help grow the game in Australia

Hopefully the big man can come to the dome as an assistant

wot a massive waste of time for the Blaze/Sixers and Kings.

Andrew Bogut will not be joining the Sydney Kings for the 2011-2012 NBL season.

Speculation of his pending signing with the team during the NBA lock-out was quashed early on Friday morning (AEST), when is became clear that a suitable insurance policy to cover Andrew Bogut's existing NBA contract could not be sourced.

The disappointment of Bogut not joining the Sydney Kings, is overshadowed by the ability of head coach, Ian 'Moose' Robilliard and his new line-up of players to take to the court to seriously contest the NBL 2011-2012 season.

"Naturally, we are disappointed that Andrew's management could not get the appropriate cover to secure his NBA contract; but the team we are going to put on the court this season is, in my opinion, a phenomenal, committed group willing to work for one another. They will be very exciting to watch," Robilliard said.

The first game against the Melbourne Tigers will take place in Melbourne tonight and will be followed by the first home game against the current competition champions, the New Zealand Breakers, at the Kingdome on Saturday October 15, 2011.

I'll suggest it again

Boguts half time tour

Or at least if he is assistant coach with sydney that he goes to road games with him and does something at each stadium.. signs stuff after the game next to the local teams membership enquiries booth?

I think if he is involved in some way his presence will at least boost the media coverage which in turn should increase numbers at game albeit not as much as if he was suited up.

From Bogut himself:

Got news overnight that the insurance would not cover me to play @NBL . I am hugely disappointed. I thank you all for your support.

I commend @thesydneykings 4 their professionalism throughout this ordeal,I was pleased 2 C they have vry smart bball loving ppl running club

Also, bit rough calling him soft. He has $12-13m/yr for the next three years on the line. None of us do. (Well, if you do, let's have lunch - I have some ideas.)

Let's say he messes that up and every other NBA team is spooked by the lagging effects of the injury. Maybe his best offer after that is $6m/yr and he plays five more years before breaking down at 32-33 yo. $10m+ at stake. At least. Enough to be very careful.

Williams had a wrist injury and Ginobili had a hyper-extended elbow and a fractured arm.

Both will heal/ have healed to 100% providing they are monitored and receive proper treatment and rehab.

Boguts injury however, is probably something which he will never fully recover from (Even with the finest medical/strength and conditioning advice).

The guy is hindered greatly - He can't shoot too many shots per day, he has persistent swelling and says that he gets pain doing everyday activities.

People need to take a look at this situation in light of Bogut's best interests.
A lot of posters on here are huge Bogut fans, and obvious fans of the Boomers. Maybe people should be saying its good that Bogut isn't playing NBL; I think in a way it is good that his insurance never got sorted.
If the guy has such persistent problems with his arm, then the risk of injury in an NBL game is huge (All is takes is a hard foul here for things to turn pear shaped).

At the end of the day im happy he isn't playing..I would hate to see Bogut's entire NBA Career sacrificed because of a few games with the Sydney Kings. Without Bogut in the NBA, the whole Australian identity in the league is virtually gone.
All these things and im not even a Boomers supporter too!

The daily teegraph has run a story all but confirming he'll suit up next saturday, what a dissapointment.

So how does insurance work for when he suits up for the Boomers?

I think Jerai Grant might be the only one thats happy with this outcome! I'm just glad we have a definate answer, now we can all move on.

Mick, you might've noticed that he didn't suit up for the Boomers recently. Not sure about future opportunities.

Previously , when there was no NBA lockout , BA just had to do a little top up on the insurance that was in place and he could play for the Boomers.

In London , I'm really not sure , now. a little confused.

Bogut playing in the NBL was like saying after Ansett crashed, that Solomen Lew and Fox were going to save the company and get them flying again.

From the outset, this was touted as 'a storm in a tea cup' because it has so many twists and turns. Yet Patty Mills could sign with the Tigers with minimum fuss.

One players says lets do it, the other says lets play this out like a theatrical. If Bogut had issues with getting insurance, I am sure the league could have extended its arm to help out and get insurance.

Bottom line, it would have been great for the league to get a big time star, however with Patrick Mills in the NBL for the time being, this is sure to lift crowd numbers. No loss, but a good gain nevertheless.

Mark phillapoosis of australian basketball

Bogut will suit up for the Olympics, without a doubt.

With this outcome now, what happens there with insurance is what I'm asking?

biggest waste of time the league has ever been a part of, right up til yesterday he was apparently a King now this. There all soft cocks and Basketball in this nation will continue to trake it up the tailpipe.

Solja, you seem to have missed the point. Insurance is based on risk, and the premiums and clauses that the insurance company will underwrite are based on their assessment of the size of the risk.

Underwriting is a science to itself, but on highly simplistic terms it might go like this.

If Mills has a career ending injury, at best his payout might be (guessing) $5 million. Lets say there is a 0.5% chance of that happenning, his insurance premium might be $25,000 plus some fat for the insurance company.

Bogut is a different story. His payout could be worth $100,000,000, and his risk of injury, given his history, could be, say, 5%. The insurance company would then be wanting an insurance premium of $5,000,000, or alternatively would be seeking to exclude the exacerbation or repeat of an existing injury from the policy cover. In these circumstances insurance is no longer commercially viable and most insurance companies (even if they were to delve into this specialised area) would not touch it with a barge pole.

The NBA, as a collective, can approach an insurance conglomerate and obtain a competitive price, because the risk of injury will be spread across a whole league of players (which is reasonably predictable) which makes the task of underwriting far simpler.

The above figures are probably somewhat inflated, but you get the idea. The same basic assessment applies to the premium on your house based on your risk of flood, and explains why some houses in Brisbane are simply uninsurable.

When under NBA contract Bogut comes under their insurance, and I believe BA or the AOC has to simply top it up for the time he is with them, not 100% sure on that though. That is why he has played at Olympics and a WC in the past, and will likely play in London next year.

So is it a money thing? The team couldn't come up with the money?

Or is it something that money can't buy: no company would insure him?

Why don't they come out and say it.

He should demand a trade considering he plays for one of the dumbest GMs in the business who thinks Drew Gooden & Corey Maggette are quality pickups...

I'd be suprised if the Bucks trade him as the centre position is probably the weakest position in the league and even a 50% FT shooting Bogut is a top 4 centre. Also when you have Stephen Jackson & Drew Gooden on big money multi year deals they have bigger concerns than Bogut.

Send him to Chit Town for Noah and Boozer. Not sure if the money fits, but I would love to see it!


Article on A Stern Warning with Sydney's official statement.
http://www.asternwarning.com/201110061008/articles/nbl/andrew-bogut-will-not-join-the-sydney-kings-due-to-insurance-issues.html

Anyone who 'blames' Bogut for the outcome here has rocks in their head. He's obviously given it a genuine go, and ultimately it hasn't been able to get done.

At a guess, I'd say the Bucks weren't happy with him leveraging off any existing policy which has made the exercise too costly or without the necessary inclusions to give Bogut comfort that he was protected.

In terms of why he has been able to play for the Boomers - he hasn't since his injury, but I wouldn't be surprised if insurance for international play was specifically included in his Bucks contract, as that has always been one of Bogut's express priorities.

As I've said previously, his only mistake was getting it hyped up so much before truly understanding his insurance position.

In terms of any obligation to explain the details of why it couldn't get done, the specifics of that information might not be in the best interests of Bogut in the public domain. I can't see whay that's important to anyone, beyond being fodder for forim discussion. It doesn't change the fact that he's given it a genuine go, but the cards just didn't fall into place.

Anyone who 'blames' Bogut for the outcome here has rocks in their head. He's obviously given it a genuine go, and ultimately it hasn't been able to get done.

At a guess, I'd say the Bucks weren't happy with him leveraging off any existing policy which has made the exercise too costly or without the necessary inclusions to give Bogut comfort that he was protected.

In terms of why he has been able to play for the Boomers - he hasn't since his injury, but I wouldn't be surprised if insurance for international play was specifically included in his Bucks contract, as that has always been one of Bogut's express priorities.

As I've said previously, his only mistake was getting it hyped up so much before truly understanding his insurance position.

In terms of any obligation to explain the details of why it couldn't get done, the specifics of that information might not be in the best interests of Bogut in the public domain. I can't see whay that's important to anyone, beyond being fodder for forum discussion. It doesn't change the fact that he's given it a genuine go, but the cards just didn't fall into place.

Agree with everything you have said Doc, but not sure that even the insurance company(ies) would know the outcome prior to going through the process. Bogut has hardly hyped it more than saying it was a real possibility, which it was. It is us internet heroes who have really hyped it because we were so excited that it might happen.

302179 League open

Fill It!!!

EVERYONE STOP PANICKING THIS ONE STILL HASNT BEEN REDACTED

http://www.nbl.com.au/crocodiles-home/news/article/2011/june/former-nba-player-in-the-crocs-sights/

**retracted.

I call bullshit on this one too. The Kings said explicitly and without any doubt that the deal was all but done, but there were just a few kinks to iron out in the insurance policy. Obviously that was not the case.

This wasn't a "few kinks" to iron out.

http://www.smh.com.au/sport/basketball/40m-blowout-andrew-boguts-sydney-kings-deal-called-off-20111007-1lcbb.html

This article says it has nothing to do with his existing injuries whatsoever.

So I still don't get it, at all, how this is any different to any other NBA player going overseas.

XY - I agree that the hype has been largely from others, but in the world of tweets and re-tweets a few simple words from Bogut about playing in the NBL and 'being excited' etc lead to an all out media and internet frenzy.

Maybe that isn't a mistake on Bogut's behalf, just a reality of social media these days. Once he says ANYTHING about the possibility of playing, he loses control over that message.

Conversely, if he says nothing, people don't hesitate to fill the gaps with their own assumptions. See above posts for various examples of that!

Mick - all you need to know is below. Couldn't get the 100% gaurantee for his $40M contract. Went the whole hog trying to do so. What else do you want from Bogut, his management or the Kings?

'‘It was more around should he get injured playing for the Kings and goes back to Milwaukee, and they say they're going to terminate his contract because he can’t pass a medical.

‘What would happen from there and how the insurance policy would be treated in that situation.

‘‘We wanted full guarantee and in the end they weren’t prepared to give the full guarantee.

‘‘At the start of this process we wanted to make sure we left no stone unturned and I think we can all look each other in the eye and say we did that.’’

doc, could that be the issue then, that he was covered for injury, but not to fail a medical before resuming with the Bucks? Depending on how stringent that medical might be, if the injury is still a problem, could he technically fail a medical now, but be covered because he hasn't played outside of the Bucks since?

Correct, the Bucks would not be able to say the injury occurred playing outside their insurance policy. But had he played during the lockout they could potentially make that claim, whether it would be successful is questionable but perhaps not a risk Bogut was willing to take.

Isaac - that's very possible. Just with all the work Bogut, his agent and the Kings have done, for it not to get over the line in the end suggests to me it comes down to the Bucks and how they treat Bogut's time playing for another team.

And I must say, it's not entirely unreasonable for the Bucks to refuse to accet any additional risk (real or perceived) from Bogut playing in the NBL

I said this from the start. To the jerks who said I didn't know what I was on about. I give you all the finger.

So, if this has nothing to do with pre-existing injuries, does this mean no other NBA players playing outside the NBA during the lockout have a %100 guarantee insurance policy either?

It's painful irony that the season where Bogut essentially starts hitting his stride in the NBA and has his breakout season, gets an injury that will hinder his perfomance for the rest of his career.

Not only hindering his performance in the NBA, but indirectly preventing him from playing in the league.

Mick, see the posts by myself, paul and thedoctor. I think that's a pretty plausible guess at the situation.

Perhaps the difference is that Ginobili (for example) wouldn't necessarily fail a medical now and that the Spurs would want to keep him. From what I've read, the Bucks would not be upset if they could get out of Bogut's contract. Sad, but that seems to be the case.