08-28-2022, 03:20 PM
BTW it is ridiculous to claim that a business worth a BILLION dollars with ZERO DEBT would ever be limited by "cash flow" problems.
They could always borrow a hundred million at a low rate; buy a hundred million in government bonds with guaranteed return; and use that to fund the guaranteed contract fund escrow fund.
If teams are able to use the tax deduction for the pre-paid salary when it is placed in escrow instead of years later when it is paid then there may be nearly zero impact on their cash flow.
They could always borrow a hundred million at a low rate; buy a hundred million in government bonds with guaranteed return; and use that to fund the guaranteed contract fund escrow fund.
If teams are able to use the tax deduction for the pre-paid salary when it is placed in escrow instead of years later when it is paid then there may be nearly zero impact on their cash flow.
