Quote:
Originally Posted by The Cobra
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.
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So deferred payments don’t calculate into the cap hit?
Amazing that Vegas hasn’t insisted on this all along
Everyone for that matter
I guess we have a precedent now