Jay Jaffe: Regarding the deferments, Ben Clemens covered this regarding Ohtani’s deal:
The 4.43% is the yearly discount rate, which is the Imputed Loan Interest Rate (ILIR) referred to in Article XXIII(6)(c). The ILIR is synonymous with the federal midterm rate, and the CBA calls for using the federal midterm rate reported by Internal Revenue Service for the October prior to the contract year (i.e., October 2023 in this case); since we have no ILIR data beyond October 2023, the league uses that rate for the entirety of the contract. The 4.43% is a yearly rate, which as such is applied to each successive year, or put another way, 10 times.