Business, 24.10.2019 01:50 Bryson2148
The contract signed in february 2018 by jimmy garoppolo that we discussed at the beginning of the chapter was actually paid as a $35 million signing bonus to be paid immediately and a $7.6 million salary for 2018. the remaining salary was $18.6 million in 2019, $25.2 million in 2020, $25.5 million in 2021, and $25.6 million in 2022. if the appropriate interest rate is 11 percent, what kind of deal did the quarterback toss? assume all payments other than the first $35 million are paid at the end of each year.
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