Question: An NFL player just signed a new 3 year contract with the Indianapolis Colts. Under the contract, his base salary will be $5 million in

An NFL player just signed a new 3 year contract with the Indianapolis Colts. Under the contract, his base salary will be $5 million in the first year, $7 million in the second year and $9 million in the third year. In addition, his contract calls for a $4 million signing bonus up front. His contract provides LTBEs that could amount to $500,000 each year. Anticipate the NFL player being with the Colts for the entire contract.

How much of the salary will count against the teams salary cap each season? 1^st year:__________ 2^nd year:_____________ 3^rd year:______________

How much will the player be paid each year? 1^st:___________ 2^nd:___________ 3^rd:____________

How much is the entire contract worth to the player? _______________

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