I think many poster get way too hung up on "advertised numbers"
Ppl see 5 years $275m and think that's outrageous, but those are not "real".
If the contract has only half that in guaranteed $ and/or has built in "outs", what does the advertised number even mean?
What's more important is the structure and the guarantees.
I realize many do not understand, or care for that matter, how these contracts work, but it is not nearly as simple as ppl make it out to be. You could theoretically have exactly the same guarantees with a 55m per as a 45m per.
Ppl see 5 years $275m and think that's outrageous, but those are not "real".
If the contract has only half that in guaranteed $ and/or has built in "outs", what does the advertised number even mean?
What's more important is the structure and the guarantees.
I realize many do not understand, or care for that matter, how these contracts work, but it is not nearly as simple as ppl make it out to be. You could theoretically have exactly the same guarantees with a 55m per as a 45m per.