Agent Scott Boras has taken out an insurance policy on his client Matt Harvey.
Boras bought the policy on Harvey's arm at the end of the regular season, CBSSports.com’s Jon Heyman reports. It offers different payouts if Harvey’s career ends prematurely due to injury or if his value is decreased. According to ESPN’s Darren Rovell, Boras had taken out a similar policy for Max Scherzer before he reached free agency.
In August, Boras said he felt Harvey should have been limited to 180 innings this season due to his Oct. 2013 Tommy John surgery. Including the playoffs, Harvey has thrown 202 innings this season.
Harvey is scheduled to be a free agent in 2018. As his agent, Boras will receive a percentage of Harvey's contract as commission.
Harvey’s salary for this season is just over $600,000 and will be eligible for arbitration this off-season. If he continues to pitch at his current level, he should earn over $200 million in free agency.
- Dan Gartland