Player Contracts: The Jefferson County Warriors signed wide receiver Bo Jones to a four$-$year player contract, offering Mr$.$ Jones a sign$-$on bonus of $$500,000.$ If Mr$.$ Jones leaves before the four year contract expires, he must pay back a pro$-$rata portion of this bonus. You've been asked to advise Jefferson County on the appropriate treatment of this sign$-$on bonus. In doing so$,$ review the following sources:

a$.$ U$.$S$.$ GAAP$-$What guidance is available in the Codification?

b$.$ IFRS$-$Does IFRS offer guidance that could be considered by analogy?

c$.$Big four guidance$$ Is guidance available from the big four?

d$.$ What peer benchmarking can you find on this issue?