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01-07-2013, 03:12 PM
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Originally Posted by -31- View Post
No to both.

Early indications were that you could assume a portion of the cap hit relative to the salary you're paying.
Minor nit, but it appears to be the other way around.

You specify the % of Cap charge you are willing to retain, take that cap hit for each year left on the deal, and reimburse the counterparty the same % in actual salary obligations remaining on the contract.

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