Perth Red
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No, hes been making that sht up for years lol. Deals are announced as a total and an avg. In accounting it they take that avg and add/minus around 2%-5% a year to give the overall avg.Is there a mechanism in the deal that accounts for inflation?
So if the avg is $400mill cash a year for 5 years then Yr 1 is $400mill minus 4%, Yr 2 minus 2% yr 3 $400mill Yr 4 $400mill plus 2% Yr 5 Plus another 2% etc.
Contra is usually the same each year for the life of the contract, give or take
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