a professional athlete was offered a 3 - year contract to play with team k that provided for an annual salary of $ 100000 in the first year , an increase in annual salary of 20 % over the previous year for the next two years , and a bonus of $ 50000 on signing . team l offered a 3 - year contract providing for an annual salary of $ 150000 in the first year , an increase in annual salary of 20 % over the previous year for the next two years , and no signing bonus . if he accepts the offer of team l and fulfills the 3 - year contract terms , the athlete will receive how much more money by choosing team l over team k ?