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  1. #1
    Join Date
    Nov 2010
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    Annapolis MD
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    17,494

    Happy Bobby Bonilla Day 2020

    Never forget, even during a pandemic.


  2. #2
    Join Date
    Dec 2018
    Posts
    2,360
    15 more years God damn.

  3. #3
    Join Date
    Feb 2005
    Location
    South Dakota
    Posts
    12,466
    I'd be happy just to have someone send me $11.90 every July 1
    gotta love 'referential' treatment

  4. #4
    Join Date
    Nov 2010
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    Annapolis MD
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    Quote Originally Posted by ciaban2.0 View Post
    15 more years God damn.
    With a sale of the Mets, do the Wilsonís owe him this money or will the new ownership have to pay it out?

  5. #5
    Join Date
    Jun 2004
    Location
    Los Angeles County, CA
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    44,724
    Just read an article about deferred contracts in baseball history.

    Bruce Sutter will receive the last of his payments next year for a contract he signed in 1984.

  6. #6
    Join Date
    Nov 2010
    Location
    Annapolis MD
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    Quote Originally Posted by WOwolfOL View Post
    Just read an article about deferred contracts in baseball history.

    Bruce Sutter will receive the last of his payments next year for a contract he signed in 1984.
    Which is why the Lerner family is nuts to give out the deferred money that they are giving to Scherzer, Strasburg, Corbin and others. They wanted to give heavy deferred deals to Harper last off-season, and Rendon this off-season. It's absolutely nuts, but at least this money doesn't have interest, unlike the Bonilla deal.

  7. #7
    Join Date
    Mar 2013
    Posts
    36,580
    Could they just cut him a check for $18M now and call it done? Rather than $1.2M/yr for the next 15 yrs?

  8. #8
    Join Date
    Jun 2004
    Location
    Los Angeles County, CA
    Posts
    44,724
    Quote Originally Posted by ThomasTomasz View Post
    Which is why the Lerner family is nuts to give out the deferred money that they are giving to Scherzer, Strasburg, Corbin and others. They wanted to give heavy deferred deals to Harper last off-season, and Rendon this off-season. It's absolutely nuts, but at least this money doesn't have interest, unlike the Bonilla deal.
    They have certainly taken that approach to a whole new level. But at least they got a title to show for it now. It would be horrible if they just kept kicking that can down the road and could never get over the hump.

  9. #9
    Join Date
    Nov 2009
    Location
    Metroplex
    Posts
    2,748
    Quote Originally Posted by goingfor28 View Post
    Could they just cut him a check for $18M now and call it done? Rather than $1.2M/yr for the next 15 yrs?
    Not if it's not allowed by the language of the deal. Not sure on that.
    Last edited by zookman65; 07-06-2020 at 08:29 AM.

  10. #10
    Join Date
    Nov 2009
    Location
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    2,748
    Quote Originally Posted by ThomasTomasz View Post
    With a sale of the Mets, do the Wilsonís owe him this money or will the new ownership have to pay it out?
    Depends if that was a special carve out or not. If not then new ownership assumes all liabilities.

  11. #11
    Join Date
    Feb 2005
    Location
    South Dakota
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    12,466
    Quote Originally Posted by zookman65 View Post
    Not if it's not allowed by the language of the deal. Not sure on that.
    I'm sure it could be negotiated, if both parties were to agree to a settlement.
    It's kinda like winning the lottery and opting for a lump sum vs annual payments...get much more up front but may give up a larger percentage to taxes.
    gotta love 'referential' treatment

  12. #12
    Join Date
    May 2020
    Posts
    407
    The Mets benefit from this deal too. They are paying cheaper dollars with each passing year. This is a deal both sides benefit from.

  13. #13
    Join Date
    Nov 2009
    Location
    Metroplex
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    Quote Originally Posted by brett05 View Post
    The Mets benefit from this deal too. They are paying cheaper dollars with each passing year. This is a deal both sides benefit from.
    Not really. The original deal was based on a much higher annualized rate of interest that wasn't based in anything that has happened on a macro scale in past 2 decades. That is why the total payout is so much more than the amount left on his contract when they bought him out. Inflation has averaged about 2 percent annualized rate over the past 15 years and the annuitized rate this deal was based on was about 9 percent. Mets fleeced themselves.

  14. #14
    Join Date
    May 2020
    Posts
    407
    Quote Originally Posted by zookman65 View Post
    Not really. The original deal was based on a much higher annualized rate of interest that wasn't based in anything that has happened on a macro scale in past 2 decades. That is why the total payout is so much more than the amount left on his contract when they bought him out. Inflation has averaged about 2 percent annualized rate over the past 15 years and the annuitized rate this deal was based on was about 9 percent. Mets fleeced themselves.
    Nice one!

  15. #15
    Join Date
    Dec 2008
    Location
    Philadelphia
    Posts
    112,229
    Quote Originally Posted by brett05 View Post
    The Mets benefit from this deal too. They are paying cheaper dollars with each passing year. This is a deal both sides benefit from.
    do you understand how money works? they could have just paid him and called it a day but now each year he gets more because inflation.... this was is and will continue to be a stupid ****ing deal... there is no mets benefit.

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