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The Rockies had their own 'Bobby Bonilla'..Mike Hampton has finally been paid in full

Posted on 12/12/18 at 2:34 pm
Posted by SPEEDY
2005 Tiger Smack Poster of the Year
Member since Dec 2003
83374 posts
Posted on 12/12/18 at 2:34 pm
Rockies will finally stop paying a pitcher they signed in 2001


quote:

Mike Hampton hasn’t played for the Colorado Rockies since 2002, but he’s still cashing their checks. Hampton’s mega deal with the team contained $19 million in deferred payments, the final of which will be paid out Saturday, according to Fancred’s Jon Heyman.

Hampton infamously signed an eight-year, $121 million deal with the Rockies in 2001. It was the most expensive deal in baseball at the time.

It didn’t work out. Hampton put up a 5.75 ERA in two seasons with the Rockies. He was traded to the Florida Marlins in 2002, and was flipped to the Atlanta Braves two days later. Hampton finished out his contract in 2008, and remained in the league until 2010.

Despite Hampton changing teams, the Rockies remained on the hook for his deferred payments. It’s Colorado’s version of the Bobby Bonilla contract. Bonilla still gets a $1.1 million check from the New York Mets every July 1 due to a similar agreement.



quote:

Bonilla and Hampton are even more connected, though. The reason the Mets parted ways with Bonilla and set up a deferred salary payment plan with him was so that the team would have more money to bring in players free agents. Take one guess at which player they acquired with that money?

It was Hampton. In his only season with the Mets, Hampton went 15-10, with a 3.14 ERA, over 217 2/3 innings. He helped take the team to the World Series, where it lost to the New York Yankees. Hampton then became a free agent and signed with, you guessed it, the Rockies.
Posted by TechDawg2007
Bawville
Member since Nov 2007
32249 posts
Posted on 12/12/18 at 2:36 pm to
I always look forward to Bobby Bonilla day July 1. It will be a sad day when 2035 gets here
This post was edited on 12/12/18 at 2:37 pm
Posted by devils1854
Franklin
Member since Aug 2014
6349 posts
Posted on 12/12/18 at 2:39 pm to
quote:

Bonilla and Hampton are even more connected, though. The reason the Mets parted ways with Bonilla and set up a deferred salary payment plan with him was so that the team would have more money to bring in players free agents. Take one guess at which player they acquired with that money?

It was Hampton. In his only season with the Mets, Hampton went 15-10, with a 3.14 ERA, over 217 2/3 innings. He helped take the team to the World Series, where it lost to the New York Yankees. Hampton then became a free agent and signed with, you guessed it, the Rockies.


and Bonilla's secretary was named Hampton, and Hampton's secretary was named Bonilla.

Thats creepy.
Posted by NorthshoreTiger76
Pelicans, Saints, & LSU Fan
Member since May 2009
80182 posts
Posted on 12/12/18 at 2:42 pm to
Braves have one too I believe
Posted by Eighteen
Member since Dec 2006
33892 posts
Posted on 12/12/18 at 2:45 pm to


Legend
Posted by McMillan
Member since Jul 2018
5919 posts
Posted on 12/12/18 at 2:46 pm to
Glad the Cardinals dodged that bullet.
Posted by Notro
Alison Brie's Boobs
Member since Sep 2011
7884 posts
Posted on 12/12/18 at 3:33 pm to
At 62 they should be able to start drawing their MLB pension worth $210,000 a year. I should have picked up a baseball as a kid.
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41208 posts
Posted on 12/12/18 at 3:44 pm to
Bret Saberhagen last pitched for the Royals in 1991, but he still gets 250K from the Royals until 2028.
Posted by TigerScratch
West Monroe
Member since Oct 2005
1310 posts
Posted on 12/12/18 at 4:01 pm to
quote:

Braves have one too I believe


Yep, Bruce Sutter ...
Posted by mikeboss550
Member since Apr 2013
10675 posts
Posted on 12/12/18 at 4:13 pm to
quote:

Yep, Bruce Sutter ...


1.12 MIL a year from 1991-2022
This post was edited on 12/12/18 at 4:14 pm
Posted by Samso
nyc
Member since Jun 2013
4730 posts
Posted on 12/12/18 at 4:27 pm to
One of my favorite astros of all time
Posted by Jack Ruby
Member since Apr 2014
22795 posts
Posted on 12/12/18 at 5:21 pm to
Stories like these are why Kyler Murray is an idiot to choose football over baseball. Nobody pisses away more money to GTFO and has a better union that mlb.

He gets to the bigs and signs just one halfway decent contract, he will dwarf his nfl career earnings... Oh yeah, an that shite is fully guaranteed.

Seriously, there is no choice. Plus if he flames out in the minors after 2 or 3 yrs he can always go back to football.
Posted by SeeeeK
some where
Member since Sep 2012
28079 posts
Posted on 12/12/18 at 7:47 pm to
Braves have been paying Bruce Sutter $1.12 million per year since 1989, and will continue paying him till 2021.

They also agreed on a lump sum, as he had a lifetime contract dealio
Posted by LSUShock
Kansas
Member since Jun 2014
4917 posts
Posted on 12/12/18 at 8:10 pm to
Mike Hampton was a legit hitter. Loved that dude.
Posted by cubsfan5150
Member since Nov 2007
15777 posts
Posted on 12/12/18 at 9:39 pm to
quote:

They also agreed on a lump sum, as he had a lifetime contract dealio


It's not a lump sum, in 2022 he'll actually get the $9.1M in contract money... He's only been paid interest thus far
Posted by barry
Location, Location, Location
Member since Aug 2006
50348 posts
Posted on 12/12/18 at 11:30 pm to
Hell of an athlete, pretty sure he had a full ride to FSU as a DB.
Posted by Wild Thang
YAW YAW Fooball Nation
Member since Jun 2009
44181 posts
Posted on 12/12/18 at 11:31 pm to
quote:

It's not a lump sum, in 2022 he'll actually get the $9.1M in contract money... He's only been paid interest thus far


Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 12/13/18 at 9:15 am to
A lot of teams have these kinda contracts.
Not sure what makes Bonilla so famous
Posted by Caplewood
Atlanta
Member since Jun 2010
39156 posts
Posted on 12/13/18 at 9:23 am to
Sutter or Hampton?
Posted by 3nOut
Central Texas, TX
Member since Jan 2013
28939 posts
Posted on 12/13/18 at 10:39 am to
quote:

Not sure what makes Bonilla so famous



Bonilla was actually really good?
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