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9 In 2011. Kevin Jones, Texas Tigers quarterback, agreed to an eight-year, $50 mil- lion contract that at the time made him the highest-paid player

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9 In 2011. Kevin Jones, Texas Tigers quarterback, agreed to an eight-year, $50 mil- lion contract that at the time made him the highest-paid player in professional football history. The contract included a signing bonus of $11 million and called for annual salaries of $2.5 million in 2011. $1.75 million in 2012. $4.15 million in 2013. $4.90 million in 2014, $5.25 million in 2015, $6.2 million in 2016, $6.75 mil- lion in 2017. and $1.5 million in 2018.11 $11 million signing bonus was prorated over the course of the contract so that an additional $1.375 million was paid each year over the eight-year contract period.With the salary paid at the beginning of each season. what is the worth of his contract at an interest rate of 6%

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