07-12-2022, 10:58 AM
(07-12-2022, 10:48 AM)Luvnit2 Wrote: Dumb?
Interest rates were less than 3% the last 5 years? They call it cheap money. I know because I borrowed millions and then got a return of 10 to 12% on the cash. What business do you own which has given you great financial knowledge? We are discussing paying players bonuses today for future work 4 to 10 years down the line.
The great things about low interest loans, they can locked in for no fees at any time or if an owner has the cash, they can pay them off at any time. The loan interest is also tax deductible. The bonus is tax deductible too. So, not as far fetched as you think an owner would borrow 100 million for a Watson contract the next 10 years, some cash down and then a loan.
There is a huge difference between cap costs calculated yearly and cash paid yearly. The Tv money does not pay the owners for money they will get 4 to 10 years down the road, they pay it yearly for Tv revenue.
Lol - Like I said - Show we one example of NFL teams/Owners taking out large loans to pay for players contracts.
As for the experience I have, it far surpasses your shell game, Mickey mouse strategy of ripping 3-6% off a loan
