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Forum nameOkay Sports
Topic subjectThis was a stupid move by Bobby. He got fucked royally in this deal.
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=8&topic_id=2204761&mesg_id=2205070
2205070, This was a stupid move by Bobby. He got fucked royally in this deal.
Posted by BISON CLASS of 97, Tue Jul-02-13 06:59 PM
All of the core financial principles state if you are not earning interest on the money you want to get the money under your control as soon as possible. Even if he earned interest was it greater than what he could have reasonably expected to earn between the time he signed the deal and now? The Time Value of Money states- - The time value of money is the value of money with a given amount of interest earned or inflation accrued over a given amount of time. The ultimate principle suggests that a certain amount of money today has different buying power than the same amount of money in the future. This notion exists both because there is an opportunity to earn interest on the money and because inflation will drive prices up, thus changing the "value" of the money. The time value of money is the central concept in finance theory.

We don't know all of the details but but on the surface to me this looks like a fucked up deal for Bobby.