To be Bobby Bonilla!

[Will94]

Starting Today, The Mets Have To Make Ridiculous Yearly Payments To Someone Who Doesn’t Play Baseball Anymore | SportsGrid

Today, the New York Mets gave Bobby Bonilla, a man who last played for them in 1999 and who will never play another baseball game in his life, a check for $1,193,248.20. They will do this annually, until the year 2035, when it’s entirely possible that you’ll be watching baseball games that are streamed directly into your brain. Bonilla will be 71 by then.

Kudos to then Mets GM Steve Phillips for having such foresight!

 

[Jimbo]

Same thing is happening with payments to Manny Ramirez starting recently.

 

[DodgerKing]

The Dodgers can top that. They are currently paying over $30 million a year in deferred payments to Manny, Grissom, and Pierre.

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[salsadancer7]

Wow.... And then they wonder why owners can't be trusted....they cannot contol themselves with dumbass contracts.

 

[SamCdbs]

If the owners act with responsibility: collusion.

If the owners act as they do: "they can't be trusted".

 

[salsadancer7]

If the owners act with responsibility: collusion.

If the owners act as they do: "they can't be trusted".

Because it is collusion... Not saying collusion is bad...but yes they would be. They can't be trusted because the go and give out a A-Rod type contract and then cry poverty.....

 

[HD MM]

Because it is collusion... Not saying collusion is bad...but yes they would be. They can't be trusted because the go and give out a A-Rod type contract and then cry poverty.....

Says the Miami fan. :rant:

 

[salsadancer7]

Says the Miami fan. :rant:

IF the owners did not AGREE to collusion rules after EVERY single case...THEN DON'T COLLUDE! Jesus, Mary and Joseph... How are is that for you to understand? IF you agree to something...ABIDE BY IT!!!

 

[SandraC]

OK let's add some perspective here...

It's not 'one of those dumbass contracts'...at least it wouldn't have been. The Mets made a number of deals like this...Bonilla is just by far the biggest. The plan was to defer payments so that the Mets could invest the current value of the money with Madoff, and make 10% per year on the investment, over a large number of years...adding up to much more than they would be paying Bonilla.

It worked...for a while.


Sandra

 

[Ramy]

I think for Bonilla is was brilliant to do what he did. Of course it was bad for the Mets now.