Quote:
Originally Posted by sureLoss
Not quite.
Including the signing bonus, Perry was going to make $15 million if the Ducks kept the contract.
After the buyout he is going to make $11 million including the signing bonus.
So Perry lost $4 million in the buyout.
Maybe Perry and his agent feel comfortable that they are going to get most if not all of that $4 million back in the next contract or Perry is comfortable in losing some of that money to choose where he plays.
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Okay, but it was my understanding that buyouts were not subject to Escrow, so he'd be losing that $4M less what he'd have had to put into Escrow on the full $15M.
Escrow is what, 15%? So $2.25M?
So really, is he not only losing $1.75M?
I mean, give or take and ignoring taxes from getting the lump sum all at once and its back-of-the-napkin stuff, but Perry isnt taking a terrible bath here or anything, at least if my understanding is correct.