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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
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
Posted on 7/1/26 at 10:03 am to okietiger
Most Mets thing ever behind giving Juan Soto 800M to loaf around in the outfield.
Posted on 7/1/26 at 10:08 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
Absolutely - The amount of buzz this gets every year has to be worth something.
Posted on 7/1/26 at 10:58 am to TheDeathValley
Collectors edition bobble heads each year for July 1st.
Bobby holding a big check.
Bobby wearing gold jewelry
Bobby in a sports boat
Bobby diving into a pile of gold coins
Bobby at a casino table
Bobby driving a Ferrari
Would be a fun yearly tradition.
Bobby holding a big check.
Bobby wearing gold jewelry
Bobby in a sports boat
Bobby diving into a pile of gold coins
Bobby at a casino table
Bobby driving a Ferrari
Would be a fun yearly tradition.
This post was edited on 7/1/26 at 11:00 am
Posted on 7/1/26 at 11:53 am to James11111
quote:
Inflation has killed the value of the contract, just as predicted.
WTF...inflation my arse. They write that frickin check. It leaves their account
Posted on 7/1/26 at 12:49 pm to ChatGPT of LA
quote:
WTF...inflation my arse. They write that frickin check. It leaves their account
Exactly. It's a "loss". Based on the return in value, a huge loss. They have been giving away a mil year for absolutely zero in return aside from ridicule. Even if as trivial as a rounding error it still counts.
Posted on 7/1/26 at 1:18 pm to wareaglepete
quote:
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.
He knew it was probably better for him to get it annually as he wouldn’t be able to invest it as you described above. You know will power and all.
Good job by him.
Posted on 7/1/26 at 1:30 pm to MikeD
quote:
He knew it was probably better for him to get it annually as he wouldn’t be able to invest it as you described above. You know will power and all.
Good job by him.
Yeah I think I'd choose the same
The security of knowing another check is coming has got to be an awesome feeling and it forces you to not blow it all quickly.
I do wonder if he dies, do payments stop or go to his heirs/trust?
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