The Red Sox don't need an insurance company; they ARE an insurance company

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Interesting story about Red Sox owner John Henry’s
approach to insurance on player contracts. Seems that back when he
owned the Marlins Henry had a really bad experience dealing with an
insurance company while trying to make a claim on an Alex Fernandez. 
So he’s now eschewing insurance on player contracts and is doing two
things. First:

The philosophy would seem to explain the Red Sox’ desire in some case
to protect themselves without the use of insurance when it came to some
free agent contracts, such as J.D. Drew, John Lackey, and what was
attempted in the case of Jason Bay. The the thinking is if there is
some problems with a pre-existing ailment in the latter years of the
contract than the financial structure would change.

Second:

According to Bay, the approached factored in two-fold when the Red Sox’
final offer was made. The outfielder said that not only did the Sox’
want to have the final year of the four-year contract proposal
contingent on health, but he also relayed that the Sox would agree to
get insurance but only if the player paid half (which would have come
out to a total of $2 million).

To
sum up: Henry’s bad experience with an insurance company has caused him
to (1) take a hard line on pre-existing conditions; and (2) demand
large deductibles. In light of this, it would seem that in the case of the Red Sox anything an insurance company could do would be redundant.

Report: Phillies want a top-five prospect for Jeremy Hellickson

PHILADELPHIA, PA - JULY 20: Starting pitcher Jeremy Hellickson #58 of the Philadelphia Phillies throws a pitch in the second inning during a game against the Miami Marlins at Citizens Bank Park on July 20, 2016 in Philadelphia, Pennsylvania. (Photo by Hunter Martin/Getty Images)
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Starter Jeremy Hellickson has become the Phillies’ most enticing trade chip as he’s put together a solid month of July. After shutting out the Marlins on one hit and one walk over six innings on Monday, the right-hander lowered his July ERA to 1.97 and his overall ERA to 3.65. As a result, the Phillies are telling teams they want a top-five prospect to part with Hellickson, per ESPN’s Jayson Stark.

Obviously, a top-five prospect means something different if you’re the Marlins as opposed to the Rangers. And the Phillies’ price point for Hellickson isn’t likely to stay that high, but GM Matt Klentak is setting a lofty starting point so that the return might end up being higher than market value.

ESPN’s Buster Olney speculates that the Phillies could end up holding onto Hellickson and giving him a qualifying offer after the season. He notes that the Phillies have only $25 million tied up for the 2017 season, so they could afford to pay Hellickson in excess of $16 million if he were to accept.

Video: Matt Cain launches a three-run home run

SAN FRANCISCO, CA - JULY 26: Matt Cain #18 of the San Francisco Giants hits a three run home run against the Cincinnati Reds during the second inning at AT&T Park on July 26, 2016 in San Francisco, California.  (Photo by Jason O. Watson/Getty Images)
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Madison Bumgarner isn’t the only Giants pitcher who can rake. Matt Cain crushed a three-run home run during Tuesday’s game against the Giants.

Cain stepped to the plate with runners on the corner and one out against Reds starter Cody Reed in the bottom of the second inning. Reed threw a 1-1 fastball down the middle and Cain hit it about 20 rows back in the left field seats.

It’s Cain’s first homer of the season, his first since 2012, and the seventh of his 12-year career. He still has some work to catch up to Bumgarner, who has two homers this year and 13 in his career.

On the pitching side of things, Cain got the win against the Reds on Tuesday night, giving up four runs on six hits and a walk with four strikeouts in 5 1/3 innings. He currently holds an ugly 5.95 ERA.