AGT grand prize not so grand

Discussion in 'The Howard Stern Show' started by SouthernListen, Sep 6, 2012.

  1. SouthernListen

    SouthernListen New phone who dis? VIP

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    I just noticed this flashed in mice type on the show last week.

    The $1 million winner's prize is payable in 40 annual installments of $25,000! So it's not even enough to live on, much less use to start up a career.

    That works out to a present value of only about $378,000 at a 5% discount rate. You'd think they could make it a real million at least. Some of those groups with 30 members would get like $800 a YEAR. And they're crying and gnashing their teeth when they get voted off. Ridiculous.
     
  2. Wesmantooth

    Wesmantooth VIP Extreme Gold

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    haha no marbles for you :jj:
     
  3. harlock

    harlock ancora imparo Gold

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  4. Murcielago

    Murcielago Dead Pull Hitter Gold

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    The real payment is in "exposure" to the public, same argument Howard tried to get people to work for free on his shitty channels.
     
  5. knu3421

    knu3421 Well-Known Member

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    ony 43 cents day
     
  6. drsieb

    drsieb Member

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    I'm pretty sure this was dismissed pretty quickly by Stern when he was talking about the black Frank Sinatra guy from last year. He was obviously in talks with AGT to take over the hosting duties and they brought up the million and someone commented on how it was paid out over 40 years...the subject was quickly turned back to how Howchie would make an AMAZING judge.
     
  7. Wonder Trash

    Wonder Trash Active Member

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    [video=youtube;7jY_ZP6gQiQ]http://www.youtube.com/watch?v=7jY_ZP6gQiQ[/video]