In August 2017 Detroit Lions QB Matthew Stafford signed the largest contract in NFL history. The contract was reported to be worth $135 million, though a review of contract detailed indicates that he will be paid the cash flows below which have an undiscounted total of $157 million. 2021 and 2022 are team options. Assume all cash flows are paid at the end of the year, and that the team picks up the options in 2021 and 2022. What was this contract worth at the beginning of 2017?

Year BaseSalary Bonuses Total N PV

2017 1.0 15.5 16.5 1

2018 9.5 17.0 26.5 2

2019 13.5 16.0 29.5 3

2020 15.0 16.5 31.5 4

2021 9.5 20.5 30.0 5

2022 12.5 10.5 23.0 6

Discount rate 10%

What is the Value of contract when signed in $ mil ?