Cots:
Paxton:
22:$6M, 23:$4M player option or 23-24 club options, to be exercised or declined simultaneously, at annual salaries of $13M plus performance bonuses earned in 2022
2022 performance bonuses: $250,000 each for 12, 14, 16, 18 starts
annual performance bonuses for 2023-24, if options are exercised: $250,000 each for 20, 22, 24, 26 starts, less 2022 bonuses earned
I'm a bit confused about the Paxton contract and options. It is my understanding he counted as $10M on the tax line, this year and earned $6M in 2022. That mean's he gets $4M, if the option is declined, right?
If so, that means the choice is basically:
$4M to go away
or
$26M/2
The net difference makes it essentially $24M/2.