MLB Daily Thread: 7.1.15 : Sox on a roll, Bobby Bonillas annual pay day & Hu will entertain us all.

[Rock Strongo]

Bobby Bonilla's payday is here again.

Each year on July 1, from now until 2035, the former Major League Baseball player collects a check for $1,193,248.20 from the New York Mets.

The money is part of a deferred buyout deal – paid over 25 installments – that the team agreed to after the 1999 season. Bonilla was owed $5.9 million, but instead of simply footing the bill, the Mets agreed to a delayed annual payment plan that went into effect in 2011.

 

[TDs3nOut]

LOL I wonder if the owner of the Mets is a frequent Rent-A-Center shopper? Would require quite a hefty discount rate in order to value 25 annual payments of $1 million less than one $6 million payment right now.

 

[redseat]

Bobby Bonilla's payday is here again.

Each year on July 1, from now until 2035, the former Major League Baseball player collects a check for $1,193,248.20 from the New York Mets.

The money is part of a deferred buyout deal – paid over 25 installments – that the team agreed to after the 1999 season. Bonilla was owed $5.9 million, but instead of simply footing the bill, the Mets agreed to a delayed annual payment plan that went into effect in 2011.

Does crap like this still happen?

 

[TDs3nOut]

Mitch Moreland says "Hello, Buck!".

 

[Rock Strongo]

Does crap like this still happen?

i would think not.

 

[redseat]

i would think not.

I would hope not.... But the MLBPA probably still allows it

 

[redseat]

USA USA USA ALL THE WAY!!!!!! SUCK IT GERMANY!

 

[Rock Strongo]

USA USA USA ALL THE WAY!!!!!! SUCK IT GERMANY!

if they played topless and got into post game scissor fights id pay more attention.

 

[redseat]

if they played topless and got into post game scissor fights id pay more attention.

They do have some nice looking women on the team... But I get your point

 

[obxyankeefan]

Who was it that the New Jersey Devils wanted to pay $1 million a year for 100 years to get around the salary cap?

I remember it was a Russian player and the NHL vetoed that contract real quick.

 

[Rock Strongo]

Who was it that the New Jersey Devils wanted to pay $1 million a year for 100 years to get around the salary cap?

I remember it was a Russian player and the NHL vetoed that contract real quick.

kovalchuck.

17 year deal lol

 

[Rock Strongo]

Ilya Kovalchuk is back on the free-agent market, and talking already.

An arbitrator ruled Monday that the NHL acted correctly in voiding Kovalchuk's landmark $102 million contract with the Devils.


The league had rejected the 17-year contract, saying the longest deal in league history violated its salary cap.

The NHL Players Association filed a grievance against the league. A hearing was held last week and arbiter Richard Bloch sided with the league when he issued his ruling.

 

[obxyankeefan]

kovalchuck.

17 year deal lol

Kovalchuck that was it.

 

[Rock Strongo]

Kovalchuck that was it.

hes coming back to the NHL next season.

gonna be a bidding war.

 

[TDs3nOut]

Who was it that the New Jersey Devils wanted to pay $1 million a year for 100 years to get around the salary cap?

I remember it was a Russian player and the NHL vetoed that contract real quick.

I don't know the answer to that question, but if I were a fan of the Devils, I would have much love for ownership's willingness to "take one for the team". In the case of the Mets, however, since there is no salary cap in MLB, I have to think that ownership enjoys taking one merely for its own pleasure.

 

[redseat]

hes coming back to the NHL next season.

gonna be a bidding war.

Speaking of bidding wars... Bruins don't care about bidding they just cut

 

[Rock Strongo]

bobby bonilla makes more than any mets starter:

Notable Mets Salaries This Season
PLAYER SALARY
Bobby Bonilla $1.2M
Matt Harvey $614,125
Jacob deGrom $556,875
Zack Wheeler $546,250
Jeurys Familia $523,925

 

[apachef4]

Does crap like this still happen?

It does. The deal Max Scherzer signed with the Nats has deferrals. He's set to make $35 million per year in 2019, 2020, 2021. But those will be deferred (without interest, I believe) through the 2028 season.

Details of Max Scherzers seven-year, $210 million contract with the Nationals | HardballTalk

 

[Rock Strongo]

Top Baseball Cards Collectors Of The 90s Always Wanted CBS Boston

 

[redseat]

It does. The deal Max Scherzer signed with the Nats has deferrals. He's set to make $35 million per year in 2019, 2020, 2021. But those will be deferred (without interest, I believe) through the 2028 season.

Details of Max Scherzers seven-year, $210 million contract with the Nationals | HardballTalk

damn, dudes set for life!