Originally Posted by handswarmer
The back end ofthe contract should be ignored- it will be re-structured after year 3 so it doesn't really count. Here are the total numbers forthe three years that count-
Year Salary Bonus Options Cap hit
2013 $1mill $5mill $0 $6.8mill
2014 $6mill $5.8mill $3mill $14.8mill
2015 $4mill $5.8mill $4.75mill $14.55mill
I understand that. But the last three years are used to calculate his cap hit. Unless you're dividing $29M by 3 & not 6.
But they are taking his cap numbers adding them to the whole bonus & saying he will earn
that $51M in two years, $62M in three years.
They're counting part of his bonus twice. They need to separate the prorated amount from his cap number to get his "salary" then add that to the $29M & they can say he will have been compensated
If the $51M (in the first two years) & the $62M (in the first three years)
numbers are right, then those cap numbers can't be right.