4 years @ $3m
Contract is invalid.
Section C- Contract Terms
Item AIX C-1.0
Except for any contract inherited in 2009, all contracts must be no longer than six years. Also, for a given salary, all contacts have term limits (max years contract can be per the salary) as provided below.
<= $1m, 2 years
$1.5m - $5m, 3 years
$5.5m - $10m, 4 years
> $10m, 5 years (the overall limit)
So Pearce will be given a $4.0m (2021) contract.