In 2001, Alex Rodriguez signed the biggest contract in sports history, reported to be worth $252 million. Including a deferred signing bonus, he would receive $24 million per year from 2001-2004, $27 million in 2005, $25 million in 2006, and $26 million per year from 2007210. If the appropriate interest rate is 11 percent, what kind of deal did the infielder snag? Assume the first payment is made immediately, and the next payment occurs in exactly one year.