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Started By
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Happy Bobby Bonilla Day!!!
Posted on 7/1/22 at 7:43 am
Posted on 7/1/22 at 7:43 am
Only 13 more years left to go for the Mets:
Posted on 7/1/22 at 7:46 am to GeauxAggie972
Bro funded his entire retirement in in one stroke
Posted on 7/1/22 at 8:19 am to GeauxAggie972
Still one of the greatest contracts ever.
Question, does his agent get his % each year or does he collect off the top when the contract is signed?
Question, does his agent get his % each year or does he collect off the top when the contract is signed?
Posted on 7/1/22 at 8:22 am to YMCA
I am guessing the agent gets a cut every time Bonilla is paid.
Posted on 7/1/22 at 9:03 am to GeauxAggie972
Sooooooo many old ball players wished they had done this.
Posted on 7/1/22 at 9:05 am to Honest Tune
“Mets fans have reason to look back on the Ponzi scheme and Bonilla’s contract with a smile, however. The reason they pushed Bonilla’s deal back for 35 years was to give out contracts to 2000 NLCS MVP Mike Hampton ($5.75 million) and starting outfielder Derek Bell ($5 million). Hampton, who left a year later for Colorado as a free agent, gifted the Mets’ compensatory pick that they used on David Wright.“
Forgot about Derek Bell
Forgot about Derek Bell
Posted on 7/1/22 at 9:14 am to GeauxAggie972
The Mets released Bonilla in January 2000 but were still on the hook for his $5.9 million salary that season. Believing they were poised to make a significant profit through their investments with Bernie Madoff, Mets ownership instead agreed to defer Bonilla's salary with 8 percent interest and spread it across 25 years from 2011-35.
Posted on 7/1/22 at 9:15 am to GeauxAggie972
These deferred contracts aren't really all that uncommon, are they?
Posted on 7/1/22 at 9:21 am to VADawg
quote:
These deferred contracts aren't really all that uncommon, are they?
Not to this level. I mean they released him in 2000 and still have 13 more years to go
Posted on 7/1/22 at 9:25 am to GeauxAggie972
If inflation continues like it is the Mets will be the ones smiling by the end of this.
Posted on 7/1/22 at 9:32 am to GeauxAggie972
Braves paid off Bruce Sutter’s deferred comp last season. He was getting $1.12 million annually.
Posted on 7/1/22 at 10:38 am to GeauxAggie972
A guy that played in an All Star game when Ronald Reagan was President will be collecting a payroll check in 2035 (if man is still alive).
That's pretty crazy.
Ken Griffey Jr is still being paid by the Cinn Reds as well.
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