Author Topic: Schwarber, the Cream of LF options!  (Read 1519 times)

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Offline JCA-CrystalCity

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Re: Schwarber, the Cream of LF options!
« Reply #75: January 16, 2021, 12:27:53 PM »
Per Cot's, our CBT charge is $10MM for 2021.  With his option for 2022 worth $11.5MM, with the $3MM buyout charged to 2021, I guess the hit next year is $8.5MM, or somehow at the end of this year, if we pick up his option, maybe we get credit against 2021 (maybe $9.25MM each year?). On a mutual option, does he get to keep the $3MM if we choose to exercise our half and he declines?