A post by JayH reminded me of a story in this morning’s Dallas Morning News (free registration). Basically it seems as though ‘Tailwind Sports’, the owners of the U.S. Postal Team have a bonus scheme for Lance Armstrong that is to pay him $5M for winning a fifth consecutive Tour de France. As a hedge, they took out an insurance policy with SCA Promotions as a hedge against paying the full $5M. Now the policy cost $420,000, so it was not at all free, but it is still well short of the $5 million bonus. SCA is refusing to pay until they verify that Armstrong did not use performance enhancing drugs in his tour victory. They cite as a source the book that was published just before the Tour, L.A. Confidential: The Secrets of Lance Armstrong that contained unsubstantiated charges of doping. SCA is requiing Tailwind to provide all medical and other records. Tailwind and Lance say that SCA has no right to question his victory, which was upheld by racing authorities. The more complete article in this morning’s paper, mentions that Tailwind had insured Lance last year also (for about $2M IIRC). So for sure SCA is not new to any of this. On an additional note, everyone that I have read or listened to with any credentials in the sport, thinks that what was written in the book was nothing other than completely unsubstantiated charges. No depth to the story at all.