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Regine remembers that in 2015, Max Scherzer signed a 7-year deal with the Washington Nationals that was reported as $210m. This number grabbed headlines as

Regine remembers that in 2015, Max Scherzer signed a 7-year deal with the Washington Nationals that was reported as $210m. This number grabbed headlines as pundits had predicted he would only be paid around $178m. However, the deal had a large amount of deferred compensation, with the entirety of his $35m per year salary in 2019-2021 deferred to 2022-2028. Assuming that his income is roughly $15m per year,2 and that the first payment was made today (t0), what was the actual PV of Scherzer's deal at the time of signing?

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