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Old 09-02-2024, 02:00 PM   #130
Paulie Walnuts
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Quote:
Originally Posted by Jay Random View Post
They're paying him the stated amount in the contract. He earns the first chunk of it this year, but the Hurricanes don't pay him for 8 more years, and they, the team, keep the interest in the meantime.

The cap hit is based on how much money they would have to put away each year for the principal + interest to meet the deferred payment in year 9.
Hm maybe I wasn’t understanding. They have to pay him the 15M or whatever it is plus interested earned on that money?
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