Quote:
Originally Posted by The Cobra
But since he is getting the deferred money do much later, it's not worth as much as $3M today. It's worth $1.57M So, that's the cap hit, the present day calue of the deferred money plus the $3M each year.
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It also should be noted that this cannot be applied to regular 7 or 8 year contracts because the value of a dollar never changes that rapidly
Sincerely
Everyone who earned Canadian dollars this past year