Quote:
Originally Posted by topfiverecords
You’re fixated on fair. That’s not what happened here.
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Well yes.
Because the only possible way for a cap hit advantage to be gained while keeping the player whole is for the LIBOR plus 1.25 to give a rate of return that is more attractive to the player than straight cash.
Otherwise if we agree the discount rate in the CBA is fair then every deferred comp contract can be expressed as a regular contract with the identical cap hit and NPV
Show the contract year by year with deferral that preserves the players NPV and reduces cap hit.