What kind of deal did the soccer player snag

Reference no: EM13263976

In 2005,soccer player David Beckman signed a contract reported to be worth $51million. ThB. contract called for $2 million immediately and $10 million in 2006. The remaining $39 million was to be paid as %9 million in 2007.%7 million in 2008,$6 million in 2009,$5million in 2010. $4 million in 2011 and in 2012, $2 million in 2013, and $ 1million in 2014 and 2015. Assuming all payments, except the first $2 million are paid at the end of each year and the discount rate is 9% what kind of deal did the soccer player snag?

Reference no: EM13263976

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