Quote:
Originally Posted by All In Good Time
Ok
I see, here I thought the initial report said that he signed an eight year NHL contract for 63.2 Million dollars and Carolina was going to carry a cap hit of 7.4 million for the term of the deal
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That is correct, but you left out the important part that the present day value of that contract is only $60M due to deferred payments which is why the cap hit is lowered.
The initial reporter likely was also ignorant about the concept of present day value.