Thats making a big assumption that the $2bill announced was cash only. Why they'd leave $150mill off the announcement and for the first time ever makes themselves look worse by not including contra in the release Im still waiting on an answer for?
And if it was $2bill thats not $400mill a year due to the 2% accounting rule. It'll be lower year 1 and higher yr 5.
its more likely the cash amount last year was around the $380-385 mark for tv alone. That makes the rest of licensing around $100mill-$105mill which is much more likely based on reported figures from the past
Because this part from 2019 financials
The average % of tv money from the revenue is 61% across this period.
Using the $710m revenue for the last annual report.
61% is $430m. We know Contra is $34m
Same on the CBA, The players agreed to a 40% revenue share.
Their share was $1.34b - I doubt players will allow contra to be in their share. As they can't pay mortgage with it
Making the total across the TV period $3.36b
61% of that is $2.05b or $410m average across the 5 years
So the $2b deal that was announced fits in with the figures for the CBA and the same formula from the revenue figure.
Which ties back to 2022 and what Roy Masters and the AFR quoted the figures to be.