I don't mind 6 years at all, but would have preferred a little lower AAV for that term.
And I don't mind $5.35M at all, though I would have preferred maybe a year shorter for that AAV.
So I guess that means it's a fair deal.
Having our 2nd line C locked up for well under $6M is great for the next couple years. Hopefully he will be our 3rd line C in years 3 and 4 (because we have another top 6 C), at which point $5.35M isn't bad. And for the final 2 years, the cap is probably pushing $90M by then.
All in all, a good deal. Not a super bargain or anything, but solid.
|