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Asked subsequently about his comment, Selig acknowledged that the contract surprised him.
Mr. Allen acknowledged that the contract, read in court, provided that he was to be paid $30 million on the first anniversary of the sale and the remainder on the third anniversary if Veco remained untouched by the investigation.
"If you didn't have an agreement," he asked, "why are they canceling?" He acknowledged that the contract was not signed but said that it was common practice in the concert world to sign right before the performances, and that the costs were the sticking point.
The chairman of United Parcel, Michael L. Eskew, acknowledged that the contract might be generous, but said it was affordable and would help the company grow by assuring customers that there would be no work stoppage for at least six years.
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Meanwhile, Sather said he was astonished that Nichols, whose feud with Sather helped lead to Sather's resignation, publicly acknowledged that the contracts of Lowe and MacTavish were tied to Sather's during yesterday's news conference.
Even union officials acknowledge that the contract is rich with expensive provisions.
The mayor has now acknowledged that the teachers' contract cannot legally be linked to the elimination of the Board of Education.
But he acknowledged that the three contracts questioned by Forbes were among the contracts for which PricewaterhouseCoopers had required changes in accounting.
Wal-Mart refuses to give specifics on its imports, but a spokesman, Jay Allen, acknowledged that the company contracts directly with "several thousand factories".
However, the court also acknowledged that after the contract was signed, a contract of employment could be implied if circumstances changed.
And he acknowledged that when the contract action report was created, the contracting officer had to fill in the business size selection manually.
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CEO of Professional Science Editing for Scientists @ prosciediting.com