06-26-2018, 05:51 PM
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#1767
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Diablo Negro
Join Date: Sep 2003
Casino cash: $-317338
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Quote:
Originally Posted by 'Hamas' Jenkins
Good god, that is confusing.
So he got $9.1 million upfront, $750,000 per year for six years, $1.12 million from 1991-2021, and will get $9.1 million in 2022?
If that's the case, he actually earned $56.3 million
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The way I read it the $9.1MM all at once (up front) was actually deferred to 2022 and he was given a slary of 8% interest for the duration of the contract (6 years) then 12% after that, or something like that.
Quote:
For some reason, the Braves agreed to pay Sutter the full $9.1 million up front — think of it as a signing bonus of sorts — but then deferred the whole amount. If you do a little bit of math, you’ll realize that 12.3 percent of $9.1 million is $1.12 million, which makes sense. But what about the $750,000 he got during the six years of the contract? Those, too, were interest payments — the Braves agreed to pay him approximately 8 percent of the deferred amount during the first six years. As a pretty funny, and obviously unintended side effect, Sutter ended up getting his negotiated “salary” in both 1989 and 1990, even though he was retired.
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