4 years and he's back on the market for a boatload. Sounds reasonable to me.
Before we start going off on other's salary, we should take a look at what we do on our own personal jobs, then maybe, and possibly we'd understand.
Well that isn’t easy because there are no franchise tags in my industry but let me give it a shot at apples to apples, just lop off two zeros.
Im a data scientist and I am scheduled to make $20,250 per year in 2019 (Dak’s $2,025,000 in 2019).
At my annual review, my boss says, “Skaven we would like to offer you $300,000 per year for the next 5 years” (Dak’s $30 million dollar offer).
“No, I want $350,000 per year boss. I’ll take my chances and work for my $20,250 per year salary this year and prove to you that I’m worth it”.
Boss loves the idea and only pays me $20,250. I miss out on $279,750 that I could have made.
The next year comes around and boss says, “You’re right Skaven, you are worth that. Here is your $350,000 per year”. But no, I still refuse because I only want a 4 year contract.
Does that work for you,
@Clove ? Do you see the flaw in his agent’s logic?
The problem is the same. You see, if I accept that $350,000 per year it’s great because it’s $50,000 per year more than I would have made.
But the problem is that I lost out on $279,750, money that’s just
gone. I’m making $50,000 per year more but I’d need 6 years ($50K * 6 = $300K) to make back what I lost, and the contract I’m
asking for is only 4 years.
I hope this makes sense. I see most people responding either aren’t reading my post or aren’t understanding what I wrote - maybe I’m being too verbose.
I’m not bashing Dak or saying we shouldn’t pay him, which
@Rayman70 seemed to think that I was saying.
I’m saying that Dak left money on the table that, even at the higher salary he wants, isn’t enough to recuperate what he lost. That’s why I believe his real asking price is
$40 million per year, because that’s the only way that he comes out ahead in these negotiations.
Clear as mud?