In 2012, a baseball player signed a contract reported to be worth $86.9 million. The contract was to be paid as $12.7 million in 2012, $13.3 million in 2013, $15.1 million in 2014, $15.2 million in 2015, $15.2 million in 2016, and $15.4 million in 2017. If the appropriate interest rate is 12 percent, what kind of deal did the player snag? Assume all payments are paid at the end of the year.