Baltimore Orioles



Baltimore Orioles

Baltimore Orioles cap.svg


The Baltimore Orioles are an American professional baseball team based in Baltimore, Maryland. As one of the American League's eight charter teams in 1901, this particular franchise spent its first year as a major league club in MilwaukeeWisconsin, as the Milwaukee Brewers (not related to the second current Brewers franchise there) before moving to St. Louis, Missouri, to become the St. Louis Browns. After 52 often-beleaguered years in St. Louis, the franchise was purchased in November 1953 by a syndicate of Baltimore business and civic interests led by attorney/civic activist Clarence Miles and Mayor Thomas D'Alesandro Jr. The team's current majority owner is lawyer Peter Angelos.
The Orioles adopted their team name in honor of the official state bird of Maryland; it had also been used by several previous major and minor league baseball clubs in Baltimore, including another AL charter member franchise also named the "Baltimore Orioles," which moved north in 1903 to eventually become the New York YankeesNicknames for the team include the "O's" and the "Birds".
The Orioles experienced their greatest success from 1966 to 1983, when they made six World Series appearances, winning three of them (196619701983). This era of the club featured several future Hall of Famers who would later be inducted representing the Orioles, such as third baseman Brooks Robinson, outfielder Frank Robinson, starting pitcher Jim Palmer, first baseman Eddie Murray, shortstop Cal Ripken Jr., and manager Earl Weaver. The Orioles have won a total of nine division championships (1969–1971, 1973–1974, 1979, 1983, 1997, 2014), six pennants (1966, 1969–1971, 1979, 1983), and three wild card berths (1996, 2012, 2016).
After suffering a stretch of 14 straight losing seasons from 1998 to 2011, the team qualified for the postseason three times under manager Buck Showalter and general manager Dan Duquette, including a division title and advancement to the American League Championship Series for the first time in 17 years in 2014. However, the 2018 team finished with a franchise-worst record of 47–115, prompting the team to move on from Showalter and Duquette following the season's conclusion. The Orioles' current manager is Brandon Hyde, while Mike Elias serves as general manager and executive vice president.
The Orioles are also well known for their influential ballparkOriole Park at Camden Yards, which opened in 1992 in downtown Baltimore.

Insurance policies in sport

Insuring against the risks involved in sports has arguably never been more important. The amount of money now at stake, the scale and sophistication of tournaments, and the global geo-political landscape have all helped elevate risk levels.  
Take event organisation. All eyes were on the French authorities for the recent European Football Championships. Terrorism deterrence and response was a key issue before the tournament in light of recent terror attacks in Paris and Brussels. The U.S. went so far as to issue a formal travel warning to it citizens.1 Stakeholders will have had to review their insurance cover and wider risk management strategies (especially in light of the fact that terrorism is an often excluded risk). In the end, it was not terrorism but hooliganism that caught the headlines. This in itself could have had significant insurance repercussions for those who suffered loss, depending on whether or not specific insurance policies 1) existed, and 2) provided cover for loss suffered as a result of riots, civil unrest, vandalism, or hooliganism.
Then there are the risks facing teams and individual athletes. There were numerous reports of athletes such as Jessica Ennis-Hill, Andy Murray and Rory McIlroy consulting experts about the risks of the Zika virus in Brazil for Rio 2016.2 Rory McIlroy decided that it was a risk that he was unwilling to take.3 What would have happened if the Olympics had been postponed, or if something happened resulted in the cancellation of part or the entire event? That risk needed to be appropriately managed.
Risk managers, clubs, athletes, governing bodies and event organisers (amongst others) should all be seriously considering risk management day-to-day, and it ought to be an integral part of any individual or team’s commercial toolbox. This article explores some of the most common sports-related insurance policies that are available today and the legal issues involved in their effective deployment. 

CAREER ENDING INSURANCE

Sometimes, despite talent, athletes are prevented from fulfilling their potential due to career-ending injuries. Specific policies are available to cover athletes for loss of current and future potential earnings following an injury although they are often found within personal accident policies. Often the policy will provide sportspeople with a lump sum (tax-free) and can also include potential earnings from commercial sponsorships/ endorsements.
Fabrice Muamba memorably collapsed whilst playing for Bolton versus Tottenham Hotspur in 2012. Muamba was reportedly on c. £35,000 per week and was only 23 when his career was ended. Muamba did have insurance although the details are confidential. We do not know whether Muamba had a policy that paid a lump sum for lost potential earnings, but the potential total figure could have been huge. By way of illustration, if Muamba had stayed on £35,000 per week (it would likely have increased) for another ten years, he would have earned at least £18.2m before tax.
Another notable example involves Steve Thompson (the retired England Rugby World Cup winning hooker). Thompson suffered what he thought was a career ending injury after damagin his neck playing for Northampton Saints. Thompson famously returned to the sport later that year after surgery and being passed fit to play. Thompson had received a significant pay-out from his insurers which he had to pay back before he could return to the sport. The policies should explicitly state that the athlete will not be able to compete professionally in the sport after they have made a claim. Thompson retired in 2011 after a recurrence of the original injury, and the details of a second insurance pay-out (if any) are unknown.

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