Happy Bobby Bonilla Day July 1

[world famous 3rd base hecklers]

This must be the smartest player ever...


In 2000, the Mets agreed to buy out the remaining $5.9 million on Bonilla's contract.

However, instead of paying Bonilla the $5.9 million at the time, the Mets agreed to make annual payments of nearly $1.2 million for 25 years starting July 1, 2011, including a negotiated 8% interest.

At the time, Mets ownership was invested in a Bernie Madoff account that promised double-digit returns, and the Mets were poised to make a significant profit if the Madoff account delivered -- but that did not work out.

https://www.espn.com/mlb/story/_/id...xplained-why-mets-pay-119m-today-every-july-1

 

[Carolina4]

I read an article where, while this day is celebrated, there are multiple players that are paid in a similar structure and that the move actually worked out well for the Mets. They got Mike Hampton with the $ they saved, though he didn’t stay long. But Hampton was key in helping them make the World Series.

The reason Bonilla is such a big deal is that his first tenure with the Mets was a disaster. He then moved on to the Florida Marlins and then the Mets brought him back. The fans were pissed and he barely played at all.

 

[pepsicock]

And the Braves are below .500

 

[world famous 3rd base hecklers]

And the Braves are below .500

They started the season in the dumps after MLB moved the All-star game to someone where-else. Why play well? The fix is in against the Braves...

 

[pepsicock]

They started the season in the dumps after MLB moved the All-star game to someone where-else. Why play well? The fix is in against the Braves...

The Braves don't have an owner that doesn't give a rip about the Braves . Mets has one worth 14.1 Billion dollars Braves spent zero money on there bullpen this year .

 

[Kpmack]

As a Mets fan I cringe on this day but Bruce Sutter’s contract seems far worse for the Braves. They are still paying him until next year with a $9.1 million ballon payment also due next year. Almost $50 million in deferred money. Awesome retirement plan if you can get it.

 

[pepsicock]

As a Mets fan I cringe on this day but Bruce Sutter’s contract seems far worse for the Braves. They are still paying him until next year with a $9.1 million ballon payment also due next year. Almost $50 million in deferred money. Awesome retirement plan if you can get it.

Drop in the bucket for the Mets . And yes I am a long time Mets fan

 

[Kpmack]

Drop in the bucket for the Mets . And yes I am a long time Mets fan

Nice. A fellow Mets fans. Why doesn’t Cohen just pay it off? He probably makes what they owe Bonilla in a day. Lol!

 

[pepsicock]

Nice. A fellow Mets fans. Why doesn’t Cohen just pay it off? He probably makes what they owe Bonilla in a day. Lol!

Written in the contract . If Bonillia was smart he would take it all at one time like a lottery winner

 

[world famous 3rd base hecklers]

Written in the contract . If Bonillia was smart he would take it all at one time like a lottery winner

Plus 8% interest compounded continuously. Back in 2000, that was considered low interest rates.

 

[ToddFlanders]

That deal alone should get him in the hall of fame.