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re: McMahon contract...Is one more year most likely scenario?
Posted on 12/12/23 at 8:15 am to GeorgeWest
Posted on 12/12/23 at 8:15 am to GeorgeWest
quote:
CMM has a 7-year contract. If he is terminated, he gets 50% of the money left on the contract.
His salary in Year One was $2.6 million. It goes up 100K each year through Year Seven when it is $3.2 million.
His buyouts are: in 2024, $7.5 million; in 2025, $6.1 million, in 2026, $4.65 million; in 2027, $3.15 million.
I thought it was 80%, but can be paid out over the remaining portion of the 7 year period?
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