|
As an aside, I love the psychology of this.
Lots of guys have gotten absurdly fat contracts. We all get that. It's something about the fact that they are still writing checks to this clown today that makes it so delicious, right? But all things considered, he is worse off getting $48m stretched out over 40 years, than he would have gotten from getting it all up front, which would be more conventional. If he had gotten a lump sum, ran through $8 million of it on hookers and blow or whatever, and invested the other $40m into the S&P 500, he'd be sitting on over $300m now.
|