this deal was a tough one to get.
Using all expirings i had to trade (and JdN is simply an expiring with a $300 price tag) there were 18.52 mio in salaries available from my side. Since I needed to shred exactly 2.43 mio in salaries to avoid a hard cap violation I needed to find return salaries in the range from
16.03mio (anything less would have required a trade execption) and
16.09mio (anything more and I stay above the hard cap).
Ivan and I were getting this done with him offering 16.06mio contract value, and the best of it, all contracts on both sides are expiring (JdN with the tag, you know).
Hope I didn't make a calculation mistake, but this was lots of fun ...