Flight_Cru... I left AAI quite a while ago. But, I did have some friends send me a copy of the "new and improved" contract. I had a good laugh at it.
I can't remember all the details, but some of the highlights are as follows:
1) I believe it's 24 in the first year with another week added the second year. It's acutally an accural from the first year. After year one you then get 30 days off/year. The old contract was, no work, no pay. Simple.
2) The daily pay went down from 250us/day to something lower. It worked out that you paid for your own "vacation" days. I think for most Captains the pay cut was about 1000/mo.
Jerry O'Springer has done his best to put some good spin on the contract. He will go on and on about what a good deal it is. He even called me to offer it to me a few months ago.
As Twin2040 wrote, if you're young and single then it's not too bad. However, if you want any type of family life, then I think a job at McDonalds might be better.
Good Luck