A few things here that help both the player and club.
Libor is back up to just under 6% right now. So the discount rate for the cap hit on deferred comp is 7.5%. This makes it actually useful from the sub 2% values previously.
Depending on your thoughts on the market CAPE ratios are at all time highs which suggest real rates of return much lower than average.
The tax rates and jurisdictions in year 9 are more controllable.
So there is likely a wedge of value where the Hurricanes pay the same amount of dollars discounted to today, the player earns the same amount as the dollars discounted today, and the cap hit is lower by a few hundred k.
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