NHL insurance policies are currently suspended due to the lockout, so in order to sign Lundqvist, the Swedish team must pay the insurance that would cover the remaining two year, $13.75 million contract he has with the New York Rangers in case of injury. It is estimated the insurance will cost the team close to $30,000 per month.
Insurance has become a primary issue for players seeking refuge in foreign leagues during this lockout. Three locked-out NHL players – Jakub Voracek, Rick Nash and Jiri Hudler – have already sustained injuries playing in their respective leagues.
The 30-year-old Lundqvist went 39-18-5 with a 1.97 goals against average in 62 starts for the New York Rangers last season. He was 10-10 with a 1.82 goals against average in postseason play.