Deferred compen-sensation

A good friend found this article from NBC HardballTalk on the plethora of deferred compensation a.k.a. generous annuity plans still payable in major league baseball. It's impressive how players and agents set up such plans in the first place. Even more impressive is how they've taken clubs and financial markets to the cleaners with the enormous present value of those plans, given how interest rates have remained at historic lows especially since the Great Recession but even stretching back to the tech bust of 2001.