Okay, so the details of this contract.
He gets paid $2 million per season for the next 10 years with $68 million per season deferred.
Beginning in 2034, and ending in 2043, he gets paid $68 million per year for the next 10 years. He does not earn any interest whatsoever on the deferred amount. The present value of this deal is much less than $700m.
Not nearly as lucrative as the headlines make it seem. Personally I think it was a dumb move on his part. By the time he starts getting paid the big bucks, he’ll damn near be too old to enjoy it. And $2 million per year to live on, in California, isn’t that much.