Im almost wondering if the reports are mixed up. Like yes they added a 4th year, but its 4/150 not 4/200. Which makes more sense because 4/200 with opt outs seems like a no-brainer.
I think opt-outs are the key here, obviously Jays don’t wanna give him opt outs in the first 4 years or so.
Maybe they end up with a structure similar to Santander, something like 8-10 years but an opt-out halfway through the deal