Quote:
Originally Posted by The Cobra
The cap hit is $7.5M because the true value of his deal is just that, based on the time element of the deferred payment.
Carolina is not getting away with anything here.
The present day value of the deal is actually 7.5x8 or $60M, hence the lower cap hit.
Or at least I assume that is the case.
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Well, no, the true value of his deal is 63.2M.
The cap hit is lower because a portion is paid outside of the 8 year calculation