AGT prize is a 40 year annuity of $25K per year

Discussion in 'The Howard Stern Show' started by boeing46, Sep 17, 2014.

  1. boeing46

    boeing46 Well-Known Member

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    According to Bloomberg it went like this before, the million dollar prize is actually a 40-year long annuity. The winner can expect an annual payout of only $25,000—before taxes, that is. The winner will be offered a lump cash payment in lieu of the annuity, but this will likely be in the $300,000 range (again, before taxes). How much would that be for the large gymnastics group. I think it's a fucking rip off because they say the winner gets $1 million 50 times a night. They probably do it on other prize winning shows too. I'd like to see that challenged in court if they don't make every contestant sign a waiver.
     
  2. Mike

    Mike Yo VIP

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    It's in the credits bro. well known to the regular mock viewers
     
  3. MutteringJohn

    MutteringJohn Well-Known Member

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    It's $450,000 net after taxes.
     
  4. Alisonsbankacct

    Alisonsbankacct Out to lunch.

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    In fairness, you know what a Mom and Pop shop NBC is. Hard to come up with that kind of cash, especially after you pay Howard and fly in the 75% of the other judges.
     
  5. Wesmantooth

    Wesmantooth VIP Extreme Gold

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    dude..

    that sucks
     
  6. dawg

    dawg In The Dog House Staff Member

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    Nothing but a circus and a scam. Notice the kind of contestants this show attracts, not only that look at the judges :)
     
  7. Omen

    Omen Well-Known Member

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    You don't know how TV works
    You think anybody gets on air without signing a contract?
     
  8. Omen

    Omen Well-Known Member

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    I stared at Heidi all night (last night was my first AGT show)

    [​IMG]
     
  9. AGT Blows

    AGT Blows Well-Known Member

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    Wiggy loves a good old bait and switch. He did it with Sirius and now NBC. It's probably the only thing that makes his scabby, old penisgina hard and wet.
     
    BeerCanThick likes this.
  10. Rob0729

    Rob0729 Well-Known Member

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    The privilege of being selected the best act by America's Judge is worth far more than any cash prize.
     
  11. AGT Blows

    AGT Blows Well-Known Member

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    They get paid in plugs.
     
  12. Samurai

    Samurai Well-Known Member VIP

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    I recall years ago Howard complaining that Survivor sticks to the $1 million for the winner. "Robin, they should up it to at least $5 million. That's completely life transforming for most people."
     
  13. Hamster

    Hamster Well-Known Member

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    It's an old subject but it is really a rip off the way they tout it.

    Should actually gross it up to $1,600,000 so the folks can walk away with a million. That was Richard Hatch's defense anyway (the original Survivor)

    None of these dopes are going to make any money. The first guy, Terry Fator, is the only real success story and that is because he somehow got out under the Simon Cowell/AGT contract and was able to strike his own deal with the Mirage in Vegas.