In the 1994 NBA draft, no one was surprised when the Milwaukee Bucks took Glenn Big Dog

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In the 1994 NBA draft, no one was surprised when the Milwaukee Bucks took Glenn “Big Dog” Robinson with the first pick, but Robinson wanted big bucks from the Bucks: a 13-year deal worth a total of $100 million. He had to settle for about $68 million over 10 years. His contract called for $2.9 million the first year, with annual raises of $870,000. So, how big a bite did Big Dog really take? Assume a 10 percent discount rate.

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Fundamentals Of Corporate Finance

ISBN: 9780072553079

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

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