Happy Bobby Bonilla Day!

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Bonilla's contract isnt even that bad from what i remember reading.

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Bobby Bonilla got a check for $1,193,248.20 today, just as he will every July 1 through 2035

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Bonilla's contract isnt even that bad from what i remember reading.

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I remember reading the same thing. It was also pointed out that even if the Mets decided to invest the $5.9 million, they would have made more than the payout they are giving Bonilla

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It was also pointed out that even if the Mets decided to invest the $5.9 million, they would have made more than the payout they are giving Bonilla

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mets owner was knee deep in Bernie Madoff's investments

they used to defer monies for player salaries and "invest" them to generate more money.

they thought they could make more on the $5.9 million over the life of the new terms....but of course, ponzi scheme and all

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but again defering the money and investing it makes it not a bad contract

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it makes it a horrible contract now

at the time the owner agreed, he was under the impression that all his investments with Madoff were making him tons of money...but that turned out not to be the case

so as it stands now it's a horrible contract

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I cranked out the math one time and it came out to ~10% or so interest. Not too shabby

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Bernie can beat that!

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mets owner was knee deep in Bernie Madoff's investments

they used to defer monies for player salaries and "invest" them to generate more money.

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I remember reading something about Bonilla's contract and the way several baseball teams were run back then, and you wouldn't believe the guys still on their payrolls. Marquis Grissom was still receiving deferred paychecks from the Dodgers during the McCourt fiasco, even though it'd been 10 years since he'd played for them and 2005 since he'd played baseball at all.