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Cincinnati and Under Armour Buyout
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Billy_Bearcat Offline
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RE: Cincinnati and Under Armour Buyout
(11-18-2020 09:06 PM)BearcatMan Wrote:  
(11-18-2020 05:57 PM)Billy_Bearcat Wrote:  Looks like the original info was misleading. Per Chad, the deal continues through 2024. Basically UA negotiated some upfront money to get out of the deal a year earlier. Much ado about nothing. He’ll have more on his podcast tonight.

That seems odd...theyre paying $9M to get out of a year of a deal that wouldve cost them $5M?

That was where the confusion was. The $9M isn’t a buyout. They’re speeding up the payments and as a concession they will pay less over the remaining 3 years and drop a year off the contract. UC would’ve made somewhere in the neighborhood of $13.5M over that same 3 year period.

So bottom line, UC gets less money but quicker.
 
(This post was last modified: 11-18-2020 09:30 PM by Billy_Bearcat.)
11-18-2020 09:29 PM
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RE: Cincinnati and Under Armour Buyout - Billy_Bearcat - 11-18-2020 09:29 PM



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