How many years does Stepan get this summer?
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04-09-2013, 06:30 AM
Join Date: Oct 2010
Giroux got 3y/$11.5M after 27p/47gp (20-21y), 47p/82gp(21-22y), 76p/82gp(22-23y).
Stepan shouldn't get more than that: 45p/82gp (20y), 51p/82gp (21y), on pace for 68p/82gp (22y).
Say 3y/$10.5M to ensure RFA status at the expiration date or 8y/$34M (3.5 for 4 RFA years, 5.5 for 4 UFA years structured to be legal with a flat 4.5M/year).
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