Question

Rich is the highest-paid quarterback in the league, at $5 million per season. Rich is an eight-year pro and has yet to reach the playoffs. Rich's hometown team, the Whalers, are interested in him. If the Whalers sign Rich for $2.5 million per year, how much is the annual "hometown discount" that the Whalers will receive?

Answer 1

Rich's normal salary is: $ 5 million

when Rich is signed by the team from his hometown, the salary that Rich receive goes all the way down to : $ 2.5 million.

This mean that the whalers had the annual discount of

= $ 5 million - $ 2.5 million

= $ 2.5 million discount

Or, if we turn it into a percentage, it will be:

$2.5 million /  $ 5 million x 100%  = 50% discount

Answer 2

hey will receive $2,500,000 per year, or answer C.