In 2015, the Washington Nationals baseball team signed pitcher Max Scherzer to a contract to play for them for seven years. He would be paid $15 million dollars per year for 14 yearsan additional 7 years beyond the end of the time he would be committed to play for the Nationals. The contract was widely reported as being worth $210 million (or $15 million per year14 years). One baseball writer argued, though, that this deal serves as a nice reminder that the payment terms of a deal can have an impact on the actual value of the contract.
Which of the following statements best represents the actual value of the contract?
a. The actual value of the contract is $30 million for each year he plays.
b. Scherzer's contract is worth $210 million on the day he signs it.
c. The actual value of the contract is more than $30 million for each year he plays.
d. The actual value of the contract is less than $30 million for each year he plays.
Answers: 1
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