July 1, 20206 yr Author 4 minutes ago, colonel-fan said: It is good to be Bobby. Whoa....somebody's got a profile picture!
July 1, 20206 yr Every day on this year I think that the reason the Mets are terrible is because of the world's worst contract.
July 1, 20206 yr I think the contracts can be smart for the clubs and players. If it helps you afford a player that you normally couldn't sign, then go for it. In the grand scheme of things that $1,000,000 the Mets are paying Bobby Bo, is less than a blip on their payroll budget today.
July 2, 20206 yr 14 hours ago, Jumper_Dad said: I think the contracts can be smart for the clubs and players. If it helps you afford a player that you normally couldn't sign, then go for it. In the grand scheme of things that $1,000,000 the Mets are paying Bobby Bo, is less than a blip on their payroll budget today. Correct. Also a minor blip in today's day in age: the approximate $5MM they could have paid him when this all started and that would have been the end of it. Edited July 2, 20206 yr by bugatti
July 2, 20206 yr 25 minutes ago, bugatti said: Correct. Also a minor blip in today's day in age: the approximate $5MM they could have paid him when this all started and that would have been the end of it. Yeah, for that small of an amount it made no sense...but I guess they had their reasons.
July 2, 20206 yr 4 minutes ago, Jumper_Dad said: Yeah, for that small of an amount it made no sense...but I guess they had their reasons. All about money. The owners, instead of buying out the $5.9MM owed to Bonilla, set up his deferment contract (at 8% interest) so they could give the money to their financial guy for investment purposes. That guy: Bernie Madoff. Yes, that Bernie Madoff. Needless to say, that money was rolled into the Ponzi scheme Madoff was running and the Mets' owners kissed that money good-bye as well as the near $30MM they will end up paying Bonilla when the contract expires in 2036. There are other deferred contracts in baseball, btw.
July 1, 20215 yr $30 million deferred over 20 years would get an owner laughed out of the room today. Amazing how the money just keeps on piling up in sports.
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