AGT prize is paid out over 40 years?!?!?

Discussion in 'The Howard Stern Show' started by chuk, Jun 13, 2012.

  1. chuk

    chuk Well-Known Member

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    Just saw the fine print at the end of the last AGT. It said the 1m is paid out as an annuity over 40 years. Didn't Howard bitch and moan how X Factor was not a "real" 5m prize because it was for a 5 year contract?
     
  2. Brokenbad

    Brokenbad Well-Known Member

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    Wow, those 12 young dancers will be still getting $38 a month when they're 60 something unless JGWentworth (877cashnow) get their hooks into um. Then it'll be a lump sum of $13k each.
     
  3. username

    username Well-Known Member VIP

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    Its always shit like this.
    WWE had a "million dollar tough enough". The winner of their reality series got a 4 year, one million dollar contract. They released the winner after one year, so he made "only" 250K.

    Hells Kitchen do the same thing. 250K/year contract. Always after the first year, they are sacked/paycut/lover position in the kitchen.

    Only Howard have a billion dollar deal that is payed every 2 week.
     
  4. Groucho Marx

    Groucho Marx Well-Known Member

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    Adding that 25k per year to their McDonalds salary will give them a comfortable life, at least. That's like 28k per year.
     
  5. chuk

    chuk Well-Known Member

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    But this is FORTY years! That's only 25k per year. Maybe Howard can steer them towards dontbebroke.com for a payday loan.
     
  6. Hamburglar

    Hamburglar New Member

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    That is a good living in SD or NE, some place like that.
     
  7. LessMoonbeams

    LessMoonbeams New Member

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    Better they were Turkish Millionaires
     
  8. PI Nate

    PI Nate Disenfranchised since 1984... Gold

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    they should pay them in Siri stock....
     
  9. Asshley

    Asshley New Member Banned User

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    That's hilarious. 40 Years? The fuck kinda silly shit is this?
    They might as well just say they give the winner a job is some show in Vegas and that's it.
    Hell, partner with one of those casinos there and im sure the show people doesnt have to pay shit for a prize.
     
  10. HORSETOOTHED

    HORSETOOTHED Well-Known Member

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    Inflation will eat the vast majority of it. Beside the fact that it's probably owed by a company that will disappear as soon as the show goes off the air.
     
  11. DogStar69

    DogStar69 Well-Known Member

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    Fucking greedy producers and greedy NBC, they pay Howwig $15 million but can't pay the winner of the whole season of a show $1 million at once. :facepalm:
     
  12. Spazzmatazz

    Spazzmatazz Band Member Banned User

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    Pathetic at best.
     
  13. KINGjoe

    KINGjoe New Member

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    [​IMG]
     
  14. HowardsPrenup

    HowardsPrenup Well-Known Member

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    This is funny. Show is the equivelant of a trailer park, which is the housing that kind of payout can afford.
     
  15. Popeye Saavedra

    Popeye Saavedra Well-Known Member

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    You're shitting me, right? Imagine if they tried to pay Howard over 40 years. :cwl:
     
  16. Racerx969

    Racerx969 Member

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    I remember his rant about this subject. Now he is associated with the worst offender I have heard about.

    Does he do this stuff on purpose?
     
  17. MutteringJohn

    MutteringJohn Well-Known Member

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    In the realm of what they pay Howard, Sharon, Howie and Nick and what the show earns 1 million is nothing. There is absolutely no reason why AGT can't pay the winner the 1 million in lump sum. Mass State Lottery has a ticket that pays for 1 million in 50K installments over 20 years or lump sum of $650,000. I would think AGT would be about $450,000-$500,000 for lump sum because theirs in spread over 40 years. AGT does offer a lump sum but it isn't disclosed. For Love or Money had a $1 million prize in installments or $800,000 lump sum. I doubt AGT pays that well. It's just unbelievable greediness by the NBC for not giving the winner $1 million in lump sum.
     
  18. Chimney Portions

    Chimney Portions I drink cum Banned User

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    I believe, a few years ago, he actually ranted about this subject...REGARDING AGT. It was before X-Factor and he called the producers every name in the book.
    Now he's fine with it because the company is paying him a boatload of money. Howard really is the epitome of a scumbag sociopath.

    The sad part is that shows like AGT will keep doing this shit because so many Americans are vapid fame whores who'd willfully provide content for programs that make millions in ad revenue, while knowing that they probably won't receive any compensation at all. So just like the religious idiots who give their money to millionaire preachers, I almost don't feel bad about it. But still, the producers of AGT really are greedy, selfish, exploitive fucks. Howard fits right in.
     
  19. Wozardking

    Wozardking New Member

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    25k a year! rofl
     
    Last edited: Jun 14, 2012
  20. Racerx969

    Racerx969 Member

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    He did. I remember. Exposed a lot of other games too.


    Fucking thing sucks.