Higher amount of $$ isn't always better

[dereksbicycles]

Ok, I'm in fantasy world. I know I'll probably never see $10 million in my life time, but it's fun to dream.

Let's say you get offered to play football in 2 different places. You've offers of 3 years for $30 million or 3 years for $25 million.

People will just look and think, $30 million is better than $25 million. I'll take $30 million.

Now, let's see, the 3 year $25 million contract has no voids and is fully guaranteed for the 3 years.

The 3 year $30 million contract may work out as:

Year 1: $6 million
Year 2: $9 million
Year 3 $15 million

Now, the contract can be voided after 2 years at team discretion. So the team would decide to void your contract after 2 years.

So now you thought you would prefer 3 years for $30 million over 3 years for $25 million.

and you end up with only $15 million after 2 years after all is said and done for. That is why it's very important to read contracts.

 

[Glenn]

I'm too old and too runty to be playing football. So I won't worry about it much.

 

[PowerON]

I'm too old and too runty to be playing football. So I won't worry about it much.

It doesn't have to be football. It can apply to the job, too.