Question

A Major League Baseball player signs a contract that pays​ $27 million over 5 years. The​ $27 million is the​ contract's _________________

Answer 1

Nominal value of the contract

Step-by-step explanation:

Nominal Contract Value is the total amount of money that is paid to the contract beneficiary. it is calculated by summing the multiplication of the Contract Amount by the Contract Price for each Contract Year.