Quote:
Originally Posted by 'Hamas' Jenkins
Ok. So that puts it at 47.2. Still insane. If I bought the Braves and found that in the books, I think I'd have to call up the mother****er who negotiated the salary structure once a month and re-fire him.
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As I read it, the 'salary' of $9.2 million was effectively a signing bonus so it was earned the moment the ink was dry. However, it was fully deferred with only interest payments being made annually.
So there was no up front cash payment, rather the money was effectively escrowed and interest only payments were made to Sutter (based on a projected interest rate and not actual, so he came out way ahead). And by calling it a signing bonus rather than a salary, that's how he was able to keep all of it even though he retired before the contract expired.
Then when the interest only period ends and the deferment is over, the 'res' is paid to him in a lump sum.
He mauled the Braves, man.