n January 2012, the Texas Rangers signed Yu Darvish, formerly of the Nippon-Ham Fighters, to a contract reportedly worth $60.8 million. Yus salary (including roster bonus) was to be paid as $6.3 million in 2012, $10.3 million in 2013, $10.8 million in 2014 to 2016, and $11.8 million in 2017.

If the appropriate interest rate is 11 percent, what kind of deal did the pitcher snag? Assume all payments are paid at the end of the year. (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567). Round your answer to 2 decimal places (e.g., 32.16).)