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Happy Bobby Bonilla Day for all those who celebrate
Posted on 7/1/26 at 7:43 am
Posted on 7/1/26 at 7:43 am
6
Posted on 7/1/26 at 7:44 am to okietiger
Greatest contract ever.
Posted on 7/1/26 at 7:47 am to okietiger
I just read that he also receives 500k from the orioles every year from 2004-2028
Posted on 7/1/26 at 7:49 am to Epic Cajun
Bobby Bonilla will make more this season on his contact than Paul Skenes.
Posted on 7/1/26 at 8:02 am to wareaglepete
quote:
Greatest contract ever.
eh, it's fairly standard really. it's only famous due to the madoff blowup.
Posted on 7/1/26 at 8:05 am to wareaglepete
quote:
Greatest contract ever.
For the Mets. Inflation has killed the value of the contract, just as predicted.
Posted on 7/1/26 at 8:11 am to James11111
I looked at it again and it seems like a great deal since at the end he will have gotten $25.75MM instead of $5.9MM. But along with inflation that was mentioned, if he had gotten the $5.9MM initially and invested in just a safe treasury at 5% or so, he would have made over $30MM.
Revised: Not a good deal.
Revised: Not a good deal.
Posted on 7/1/26 at 8:15 am to okietiger
Great contract for the owner as well. He didn't even have to pay him anything, sold Mets in '02.
Posted on 7/1/26 at 8:45 am to okietiger
Still got 9 more years to go.
Posted on 7/1/26 at 9:02 am to okietiger
The Mets need to have some fun with this and have a huge Bobby Bonilla party on July 1, 2035. Get him to throw out the first pitch and then present him with a giant cardboard check for the final payment
Posted on 7/1/26 at 9:15 am to Tiger Prawn
quote:
The Mets need to have some fun with this and have a huge Bobby Bonilla party on July 1, 2035. Get him to throw out the first pitch and then present him with a giant cardboard check for the final payment
Fantastic idea
They should do it annually, but definitely in 2035
Posted on 7/1/26 at 9:22 am to okietiger
Through 2035? Didn’t realize it was that long of a term…
Posted on 7/1/26 at 9:29 am to wareaglepete
quote:
I looked at it again and it seems like a great deal since at the end he will have gotten $25.75MM instead of $5.9MM. But along with inflation that was mentioned, if he had gotten the $5.9MM initially and invested in just a safe treasury at 5% or so, he would have made over $30MM. Revised: Not a good deal.
Without doing the math, if he put in the $1M on each July 1 at 5%, that would end up well over $30M total after receiving the final payment.
This post was edited on 7/1/26 at 9:32 am
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