Hey guys, how do you interpret this article about Skiles?

[Macedonianbull]

I mean, this piece appeared in ChiTrib a few days ago.

According to two people familiar with Skiles' settlement after his Christmas Eve firing, Skiles is owed $1 million of his guaranteed $3.5 million next season. In exchange for waiving his offset, Skiles agreed to refund $1 million of the $4.5 million owed next season.

Skiles, who receives his Bulls money despite signing a four-year, $18 million deal with the Milwaukee Bucks, then spread the remaining $3.5 million out over seasonal payments of $1 million, $1 million, $750,000 and $750,000.

Thus, the Bulls theoretically could've signed D'Antoni to the $4.25 annual average remaining on his Suns contract and, combined with the $1 million owed Skiles next season, spent $5.25 million on the coach.

How much the Bulls owe him and when?

* I am confused about 'next season' part being mentioned twice.

[FGump]

How much the Bulls owe him and when? It's pretty self explanatory. It says explicitly seasonal payments of $1 million, $1 million, $750,000 and $750,000.

[Three34]

It's not a particularly well written opening paragraph, but it makes sense:

Skiles was due to get $4.5 million next year. He waived $1 million of it, so the total he is owed is down to $3.5 million. That $3.5 million is spread over the four years, as the breakdown indicates.

Thus, the Bulls will pay Skiles $3.5 million overall, and $1 million of it next year.