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re: Happy Bobby Bonilla Day

Posted on 7/1/21 at 9:44 am to
Posted by The People
LSU Alumni
Member since Aug 2008
4215 posts
Posted on 7/1/21 at 9:44 am to
This must be some more of that white privilege I always hear athletes talking about.
Posted by FightinTigersDammit
Louisiana North
Member since Mar 2006
34829 posts
Posted on 7/1/21 at 9:44 am to
the Cowboys
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 7/1/21 at 9:46 am to
quote:

the Cowboys



not a fan either but the analogy makes no sense
Posted by therick711
South
Member since Jan 2008
25237 posts
Posted on 7/1/21 at 9:47 am to
quote:

There has to be more to this story.


Mets owner wanted more cash in the present to give to, you guessed it, Bernie Madoff.
Posted by Floyd Dawg
Silver Creek, GA
Member since Jul 2018
3943 posts
Posted on 7/1/21 at 9:47 am to
quote:

its not even close to the worst defered contract. The Atlanta Braves are paying 1.12 million per year plus $9.1 million at principal until age 69 for Bruce Sutter


This contract ends next year with the $9.1 million balloon payment.
Posted by 1999
Where I be
Member since Oct 2009
29170 posts
Posted on 7/1/21 at 9:47 am to
Compound interest is a bitch
Posted by FightinTigersDammit
Louisiana North
Member since Mar 2006
34829 posts
Posted on 7/1/21 at 9:52 am to
quote:

not a fan either but the analogy makes no sense


Bonilla hasn't played in a long time.
Cowboys haven't won in a long time.

Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 7/1/21 at 9:54 am to
quote:

Bonilla hasn't played in a long time.
Cowboys haven't won in a long time.



meh, still a bit of a reach, I'm going to have to give you a no dawg from me on this one, keep trying
Posted by member12
Bob's Country Bunker
Member since May 2008
32121 posts
Posted on 7/1/21 at 9:56 am to
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.





I thought only the government was that foolish. I guess they were banking on this guy passing away?
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134887 posts
Posted on 7/1/21 at 10:00 am to
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.
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