- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Happy Bobby Bonilla Day
Posted on 7/1/21 at 8:21 am
Posted on 7/1/21 at 8:21 am
Bobby Bonilla Day explained - Why the Mets still pay him $1.19M today and every July 1
The calendar has turned to July 1, and that means one thing: It's time for Mets fans everywhere to wish each other a Happy Bobby Bonilla Day! Why? On Thursday, 58-year-old Bobby Bonilla will collect a check for $1,193,248.20 from the New York Mets, as he has and will every July 1 from 2011 through 2035.
In 2000, the Mets agreed to buy out the remaining $5.9 million on Bonilla's contract.
However, instead of paying Bonilla the $5.9 million at the time, the Mets agreed to make annual payments of nearly $1.2 million for 25 years starting July 1, 2011, including a negotiated 8% interest.
The calendar has turned to July 1, and that means one thing: It's time for Mets fans everywhere to wish each other a Happy Bobby Bonilla Day! Why? On Thursday, 58-year-old Bobby Bonilla will collect a check for $1,193,248.20 from the New York Mets, as he has and will every July 1 from 2011 through 2035.
In 2000, the Mets agreed to buy out the remaining $5.9 million on Bonilla's contract.
However, instead of paying Bonilla the $5.9 million at the time, the Mets agreed to make annual payments of nearly $1.2 million for 25 years starting July 1, 2011, including a negotiated 8% interest.
14
Posted on 7/1/21 at 8:22 am to texasmason
I would have signed this too. Mets are beyond stupid. 
Posted on 7/1/21 at 8:24 am to texasmason
Posted on 7/1/21 at 8:24 am to texasmason
I could play golf all day too with that kind of money!
Posted on 7/1/21 at 8:27 am to texasmason
(no message)
This post was edited on 7/1/21 at 8:30 am
Posted on 7/1/21 at 8:27 am to texasmason
quote:
However, instead of paying Bonilla the $5.9 million at the time, the Mets agreed to make annual payments of nearly $1.2 million for 25 years starting July 1, 2011, including a negotiated 8% interest.
There has to be more to this story.
Posted on 7/1/21 at 8:28 am to texasmason
quote:
However, instead of paying Bonilla the $5.9 million at the time, the Mets agreed to make annual payments of nearly $1.2 million for 25 years starting July 1, 2011, including a negotiated 8% interest.
Jesus.
Either the Mets had the worst contract negotiator of all time, or Bonilla had the best.
Who in the hell in the Mets organization thought this was a good idea?
Posted on 7/1/21 at 8:29 am to texasmason
quote:
instead of paying Bonilla the $5.9 million at the time, the Mets agreed to make annual payments of nearly $1.2 million for 25 years starting July 1, 2011, including a negotiated 8% interest.
so easy even a caveman could make the right call here
Posted on 7/1/21 at 8:31 am to CAD703X
quote:
so easy even a caveman could make the right call here
Not sure if serious.
Posted on 7/1/21 at 8:33 am to CAD703X
its not even close to the worst deffered contract. The Atlanta braves are paying 1.12 million per year plus $9.1 million at principal until age 69 for Bruce Sutter
Posted on 7/1/21 at 8:47 am to texasmason
he was my favorite player back in the early 90s
Posted on 7/1/21 at 8:52 am to TigerFanatic99
quote:
There has to be more to this story.
quote:
the Mets’ owner, Fred Wilpon, was invested with Bernie Madoff at the time, and he thought he could make more money investing that $5.9 million than he would end up paying out to Bonilla.
LINK
Posted on 7/1/21 at 9:04 am to I Bleed Garnet
quote:
the Mets’ owner, Fred Wilpon, was invested with Bernie Madoff at the time, and he thought he could make more money investing that $5.9 million than he would end up paying out to Bonilla.
Posted on 7/1/21 at 9:11 am to texasmason
Ryan Reynolds on point with a Mint Mobile commercial to honor the legend.
Mint Mobile Bobby Bonilla Commercial
I think they might have used the Pelaton Husband and Wife from the Pelaton commercial. Maybe not though. Kinda hard to tell about the wife. She looks close
Mint Mobile Bobby Bonilla Commercial
I think they might have used the Pelaton Husband and Wife from the Pelaton commercial. Maybe not though. Kinda hard to tell about the wife. She looks close
This post was edited on 7/1/21 at 9:14 am
Posted on 7/1/21 at 9:12 am to texasmason
TIL that Bobby Bonilla and his agent are the smartest men alive.
Posted on 7/1/21 at 9:37 am to I Bleed Garnet
quote:
the Mets’ owner, Fred Wilpon, was invested with Bernie Madoff at the time, and he thought he could make more money investing that $5.9 million than he would end up paying out to Bonilla.
Wow. That's incredible.
Posted on 7/1/21 at 9:41 am to jamiegla1
quote:
he was my favorite player back in the early 90s
Bobby Bo was still playing when the Cowboys won their last Super Bowl.
Posted on 7/1/21 at 9:41 am to tigerclaws15
quote:
its not even close to the worst deffered contract. The Atlanta braves are paying 1.12 million per year plus $9.1 million at principal until age 69 for Bruce Sutter
Randers are still paying A-Fraud
at least the last I heard(couple of years ago,) they are
This post was edited on 7/1/21 at 9:42 am
Posted on 7/1/21 at 9:41 am to texasmason
This is a great story. Happy Bobby Bonilla day indeed!
Posted on 7/1/21 at 9:42 am to FightinTigersDammit
quote:
Bobby Bo was still playing when the Cowboys won their last Super Bowl.
and?
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News