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- Oct 24, 2010
Further proof that taking the annuity is the way to go. If he had taken the annuity he would still have had 25 more years of ballin to enjoy.
And instead of 27M he would have gotten a prize of 70M Before taxes are taken out each year
Which is about 2.3M for the next 30 years of your life, or almost 1.6M a year after taxes.
But most people would rather take the lump sum or "cash option" and give away half of the money right from the gate.
And thats BEFORE taxes even touch the money.
its called loans and even filing a lawsuit to get most of that money up front if he decided he wanted it.
when you are a drug addict, annuity aint gonna stop you