Quote:
Originally Posted by PepsiFree
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
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I am talking about the true value of the deal based on present day avlues. The deferred payment substantially lowers the present day value of the deal.
Yes he gets $63.2M, but the delayed payments mean that the present day value of the deal is less. Hence the lower cap hit.
The actual cost to Carolina in terms of present day value is lower than $63.2M. Which is why I say they aren't getting away with anything here. The CBA contemplates this and allows it. They think its good for players to get deferred payments, and since this presumably makes the total pay out to the player larger (players expect more if the pay is deferred), if they ignored present day cost, no team would ever do it.