I think it is around 8 month recovery time...I do not know how it is with insurance, I know after player miss 41 consecutive games, from 42 game on his contract is covered by insurance, I think it is 80% but Im not sure.
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Found some article about that:
http://ns1.spurstalk.com/forums/showthread.php?t=91909Every team in the NBA and NHL, under terms of their respective Collective Bargaining Agreements, must take out temporary and total disability insurance on its top five salaried players each season.
Insurance steps in to pay after a covered marquee player misses at least 41 NBA regular-season or 30 NHL regular-season games due to a single injury.
Hmm, Diop Contract is CHA 6th highest, so it looks that means he is not insured? But reading the article it looks like 5 highest payed players MUST be insured and other can be if club decides.
Talking about Diop and trading him... this injury could be good for new team because Im sure teams could get some money out of insurance at least for his last 2 years if he would be injured.