That looks like damage from when it was harvested. If the rot hasn't reached the embryo scapes, you will get the first blooming, but that looks like a 50/50 chance of surviving a year. It is always a good idea to offer to return the bulb to the "retailer". It depends on the level of customer service. Some will replace the bulb or give credit without even seeing a photo. White Flower Farm is good about this. Some demand you grow out the bulb. Their attitude is, "As long as you get a first bloom, why are you complaining?" I have, in the past, actually peeled and cut out the rotted area completely down to healthy tissue, and literally dusted with cinnamon or sulfur. Flame the knife, before and after, you operate. You can sometimes get away with that if it's not more than 30% into the bulb. The bulb will scar over the cut. That is all based on how far in the rot has penetrated and whether it has gotten into the basal plate.