I don't know why there is so much hype about this, as it is old news. The bonus money was to be paid as a 20 yr annuity, with payments of $50K/yr.
The sportsmarketing company that put out the policy was sued by C.J. Wiley, while he posted the first year's payment to Earl, out of his own pocket...requiring Strickland to keep quiet about it. Rumors flowed anyway, and caused the demise of the PCA, after just one more tournament. After several months, the settlement was for about $600K, half of which went to Earl, and the other half to attorny's fees for C.J. C.J. did receive the $50K he paid Earl upfront.
Scott Lee
www.poolknowledge.com