NBA News NBA News, Match Reports and Updates 
The estate of late Memphis Grizzlies player Brandon Clarke will receive a life insurance disbursement for his full $12.5 million salary that was owed next season.
Agent Mark Bartelstein of Priority Sports, who represented Clarke, confirmed to USA TODAY Sports Friday, Aug. 14 that Clarke’s contract was fully protected for death through a life insurance policy purchased by the Grizzlies. The full $12.5 million amount will be disbursed to Clarke’s estate tax-free.
Advertisement
There are multiple ways players and their representatives can negotiate life insurance policies and post-death protections in player contracts. From no coverage whatsoever, to standard death protections that count a player’s salary as a taxable event, agents can also negotiate to have the player’s team purchase the life insurance policy. This last option allows for a player’s full salary to be paid out tax-free, providing a massive benefit to the player’s estate.
As for the remaining portion of Clarke’s $12.5 million salary for the 2025-26 season that had been owed at the time of his death, Bartelstein confirmed that amount is being paid out to his estate through October 2026; NBA contracts are paid in installments, so the remaining amount will be disbursed in those regular installments.
1 / 22
Memphis Grizzlies player Brandon Clarke dies at 29. His career in photos
(Matthew Smith, Imagn Images)
1 / 22
Memphis Grizzlies player Brandon Clarke dies at 29. His career in photos
(Matthew Smith, Imagn Images)
2 / 22
Memphis Grizzlies player Brandon Clarke dies at 29. His career in photos
Brandon Clarke #15 of the Gonzaga Bulldogs puts up a shot against the Texas A&M Aggies in the second half at McCarthey Athletic Center on November 15, 2018 in Spokane, Washington. Gonzaga defeated Texas A&M 94-71.
(William Mancebo, Getty Images)
3 / 22
Memphis Grizzlies player Brandon Clarke dies at 29. His career in photos
Brandon Clarke #15 of the Gonzaga Bulldogs goes to the basket against Darrin Person #25 and Greg Lee #21 of the CSU Bakersfield Roadrunners in the second half at McCarthey Athletic Center on December 31, 2018 in Spokane, Washington. Gonzaga defeated CSU…
Source link : https://sports.yahoo.com/articles/brandon-clarkes-estate-receive-full-224039773.html
Author :
Publish date : 2026-08-14 22:40:00
Copyright for syndicated content belongs to the linked Source.
