I guess he won...
In case you missed it, a man won a million dollars at a CFL game between the Toronto Argonauts and Hamilton Tiger Cats by kicking a 50 yard field goal. ESPN says that the guy was chosen from 200000 entries at random, and was unsuccessful in kicking field goals at 20, 30, and 40 yards before knocking it through from 50. Now, the unlikelihood of Random Joe Fan being able to convert a field goal from 50 yards (considering that it’s not easy for a professional to do) aside, here’s the most bizarre part of the story – from the espn.com article:
[The fan, Brian] Diesbourg will be rewarded $25,000 per year for the next 40 years
Seriously? You couldn’t give it to the guy in a lump sum? Taxes are probably going to have their way with his winnings anyway, but c’mon, $25,000 per year for 40 years? 40 years is a long time – even for someone that’s 25 like this guy. Who’s to say he even lives that long?
[The fan, Brian] Diesbourg will be rewarded $25,000 per year for the next 40 years
Seriously? You couldn’t give it to the guy in a lump sum? Taxes are probably going to have their way with his winnings anyway, but c’mon, $25,000 per year for 40 years? 40 years is a long time – even for someone that’s 25 like this guy. Who’s to say he even lives that long?
posted by I-66 at 12:14 PM
2 Comments:
If the winnings are like the lottery, they probably HAVE to give him the annual payment because they don't actually have the $1 mil on hand. If it's annuitized winnings, then they are banking on making enough interest off the amount they DO have to equal $1 million in so many years...in this case, 40 of 'em. Sucks, but at the same time it kinda rules. You keep working, but you get this extra chunk of change every year -- one year a vacation, the other a down payment on a house. Investment opportunities or 100 pairs of new shoes.... [sigh]
That's because $1 million is more than the total salary paid to EVERY player in the CFL combined.
Well, except for that one year the Argos had Rocket Ishmail...
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