CarlRacki
Registered User
- Feb 9, 2004
- 1,442
- 2
djhn579 said:But as I pointed out before, all teams, big and small are going to be paying these big bonuses the same way - through loans. Using the corporate backing of the other business owned by the team owner, they should be able to get low interest loans. And no owner, big or small has $30M sitting in their wall safe. That much money has to be put to work making more money by being invested. If you had that much money, and knew you could make at least 5% interest on that $30M, would you have it sitting around doing nothing? (5% of $30M is $1.5M, and that does not include compounding...)
Exactly. NFL teams are in general rolling in the dough. That didn't prevent the Colts from having to take out a loan to pay Peyton Manning's $34.5 million bonus. Part of doing business.