That article is just bullshit about Choco still being paid out in August 2012.
There are very big tax consequences of receiving a lump sum termination payment and also then rolling it over into your super fund and getting tax deferrment consessions as opposed to taking it as an income stream and lossing all the tax benefits.
There is no way Ricky Nixon would have advised Choco not to take a lump sum payout. Nixon was the bloke who got Choco's salary doubled between 2004 and 2009 and got the 30 June 2009 clause into Choco's contract.
Plus Haysman talked about bringing forward one year of the Pickard monies to help pay out Choco. Choco's pay out was one reason why we didn't pay out Kane's contract earlier at the end of last year.
Plus if you actually read Port's financials and have the brains to take out of the football depart spending of Port's 2011 results, results were the Magpies figures are added together with the Power's as the merger didn't happen until after the new financial year started on 1st November 2010, you will see that Choco was paid out in the 2010 financial year. But journo's don't have the intellectual horesepower to do such a thing.
Choco's contract was slashed to $400k + bonuses. His 2011 payout was his base, $400k. The club had to payout Choco for his time between early July 2010 and 31st October 2010. So that would be approx another $130k, maybe a little less.
**** I wish our club would do what Apple, Microsoft, Oracle etc do and just sue every bastard that they don't like just to slow them down. We should be suing Porter and co who just blatantly lie about us. Sure have a strong and even bullshit opinion about/against us about our style of play, lack of good players, poor decisions we make, but that doesn't give you the right to lie about us.