How Can I View My Speedway Sick Time Benefits? [Ultimate Guide!]

Many employees who play sports professionally or recreationally may be eligible for sports-related benefits from their employer. The amount of paid time off that an employee receives may be dependent on a variety of factors, including the employee’s tenure, as well as the type of sport that they play. Eligibility for sports benefits can vary by company to company, so it’s important to be aware of the rules and regulations that your firm may have in place regarding sports participation and/or injuries to determine what you’re entitled to as an employee.

Types Of Benefits Offered By Most Employers

The majority of employers that offer sports benefits to their employees offer the following:

  • Professional Sports Development
  • Retirement Plan
  • Hospital and Surgical Insurance
  • Permanent Disability Insurance
  • Accidental Death & Dismemberment Insurance
  • Lump Sum Payment For Death By Suicide

These are all excellent benefits to have in place, and chances are, your employer probably provides at least one of them. As a member of a minor league sports team you may also qualify for perks such as free jerseys or warm-ups, tickets to games, and travel expenses to away games.

How Does The Eligibility For Sports Benefits Work?

To be eligible for sports benefits, an employee must meet both of the following requirements:

  • Be enrolled in or have participated in the scheduled professional or collegiate sport at the time of the injury/death (e.g., basketball, football, etc.).
  • Be medically retired as a result of a permanent and total disability caused by a sports-related injury or illness (e.g., brain injury, heart condition, etc.).

If an employee meets both of these requirements, then they are considered “qualified” for sports benefits; if they meet only one of the requirements, then they are considered “non-qualified” for sports benefits. The type of benefit that an employee is entitled to will be determined based on the degree of their qualification. For example, a baseball player who is retired due to a concussion may receive a percentage of the time that they were actually out of the game due to their disability. The percentage of time off that a qualified employee is entitled to will be based on the type of sport that they were participating in at the time of their injury or retirement. The following example illustrates how the calculation may work in practice.

Assume that Jane is a professional basketball player who is retiring due to a brain injury that she suffered while playing. She has one year left on her contract with the WNBA (Women’s National Basketball Association). Let’s also assume that at the time of her injury she was in the prime of her career and played for the Golden State Warriors. Since she is retiring as a result of a basketball injury, she is considered “qualified” for basketball-related benefits. As a qualified employee, Jane is entitled to 4 million/9 million (44%) of the full year of her contract with the Warriors, or 4 months of paid time off (PTO).

Let’s say that one year later, Jane was unable to find work in her field and was forced to take a part-time job selling cars for a living. Since she is no longer engaged in athletic competition, she is no longer considered “qualified” for sports benefits; however, she may still be entitled to some type of retirement plan from her employer. In this scenario, the car sales job would be considered “replacement” employment, and Jane would be entitled to a percentage of the cash she earned from the job, up to a certain amount.

To determine how much time off you are eligible for, simply calculate the annual salary that you received at the time of your injury/retirement, and enter it into the following formula:

Annual salary x 2 = Total compensation

Total compensation x.25 = Annual salary

Annual salary x 2 = Total compensation

If you are interested in reviewing your sports-related benefits, you can contact the Human Resources department of your firm for assistance. They will be able to provide you with a written confirmation from your employer that details the exact terms and conditions of your coverage.

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