AGT grand prize not so grand

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

  1. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

    Reputations:
    241,375
    Joined:
    Jan 16, 2012
    Messages:
    38,758
    Likes Received:
    39,520
    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

    Reputations:
    57,551
    Joined:
    Dec 14, 2011
    Messages:
    12,611
    Likes Received:
    10,694
    haha no marbles for you :jj:
     
  3. harlock

    harlock ancora imparo Gold

    Reputations:
    75,023
    Joined:
    Jan 6, 2012
    Messages:
    33,560
    Likes Received:
    7,278
  4. Murcielago

    Murcielago Smoke me a kipper, I'll be back for breakfast

    Reputations:
    112,410
    Joined:
    Dec 13, 2011
    Messages:
    10,336
    Likes Received:
    14,925
    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

    Reputations:
    36,270
    Joined:
    Jan 15, 2012
    Messages:
    22,801
    Likes Received:
    5,999
    ony 43 cents day
     
  6. drsieb

    drsieb Member

    Reputations:
    0
    Joined:
    Jan 15, 2012
    Messages:
    390
    Likes Received:
    1
    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

    Reputations:
    12
    Joined:
    Jan 17, 2012
    Messages:
    1,054
    Likes Received:
    5
    [video=youtube;7jY_ZP6gQiQ]http://www.youtube.com/watch?v=7jY_ZP6gQiQ[/video]