The Washington Post published a story today that details some aspects that have not been made public before of the sale agreement for the Washington Commanders between Dan Snyder and the Josh Harris group.
The Post story says that the contract includes an “earnout”, which the story describes as “a form of contingent, deferred consideration that is often utilized to reconcile a difference of opinions between the buyer and the seller regarding the fair market value of the target business as of the date of the closing.” The article goes on to say that this is a common structure in high-dollar deals in most business settings, but that it is not common in the sale of sports franchises.