Payroll.....

[Teddy OBP]

TVM is a thing but not a major deal over two years. The discount rate is just not that high to make a huge difference. Even if interest rates skyrocket (which they won’t despite predictions of that since 2009).

My guess is that it provides some fairly negligible flexibility, maybe on both sides, as there’s some benefit on an individual level to push income into a later year.

Now if we are talking about Mannys upcoming 10 year deal...