QQ: about that $4mill to Chan...do we pay ALL of it now?

[wesleyd21]

Or do we continue having to pay him 1.3 mill a year until he's hired by someone else?

I'd like a definitive answer because quite honestly, I don't know how this business works.

Also, do we still own him? Would someone even have to buy him out?

 

[SMoney]

Believe the way the contract read was that we continue to pay him as normal for the next 4 years. That does not change even if he is hired by someone else. However, it was most likely negotiated to where we pay him a lump sum now and be done with him. Money in hand now is worth more than having to wait for it, so I imagine you could talk him down from the $4m, but not sure how much...

I am no insider though, so take it for what it's worth...

 

[boozinbuzz]

I am pretty sure that he will continue to get paid normally for the next 4 years.

It COULD be beneficial to take a lump sum buy out for reasons similar to taking the lump sum lottery payment. If you drop dead you no longer get your payments anymore.