Quote:
Originally Posted by HoopheadVII
Good catch. Mistyped that, and it doesn't make sense as written. Should read:
"And as someone else wrote, even if there were a $34m cap hit in 2011, it would still be OK because 2011 is a capped year, and they couldn't gain any competitive advantage in future years by shifting tons of money into an uncapped year."
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Yeah, but they did gain an unfair advantage in futures years by going so far below the cap floor in the uncapped year that they could make this huge charge to 2011. Reducig the charge in future years.