In 2015, a running back signed a contract worth $69.1 million. The contract called for $12 million immediately and a salary of $3.9 million in 2015, $10.3 million in 2016, $12 million in 2017, $9.8 million in 2018 and 2019, and $11.3 million in 2020. If the appropriate interest rate is 9 percent, what kind of deal did the running back scamper off with? Assume all payments other than the first $12 million are paid at the end of the contract year.

Present value =?