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

[cerealboi]

It's not 8% over 35 years, it's 8% annually. If it was 8% over the life of the loan, Bonilla would have only gained $95,459 over the principal. As it was done, he's getting $28,637,957 over the principle. Big difference.

Of course. 8% over 35 years sucks shit. I think the Mets (seduced by the Madoff returns) probably overestimated what they could get on their money (and obviously didn't foresee being ripped off by Bernie or the 2008 bubble bust) but if Bonilla had taken his remaining salary and invested it and not touched the investment for ten years, I think he could have received similar returns on his own. Might be wrong on that, but I think at worst the Mets were simply optimistic about the returns they could get on the money. I wouldn't go so far as to say they were retarded.

 

[navamind]

Rick PorceLOLo.

 

[Rock Strongo]

Rick PorceLOLo.

the streak buster.

 

[HammerDown]

 

[HammerDown]

I thought it was $300M?

 

[Rock Strongo]

I thought it was $300M?

i heard 275

 

[HammerDown]

i heard 275

Poor man. How will he feed his family?

 

[Rock Strongo]

Poor man. How will he feed his family?

first world problems

 

[Rock Strongo]

rock porcello having a career day

the wrong kind

 

[SlinkyRedfoot]

Of course. 8% over 35 years sucks shit. I think the Mets (seduced by the Madoff returns) probably overestimated what they could get on their money (and obviously didn't foresee being ripped off by Bernie or the 2008 bubble bust) but if Bonilla had taken his remaining salary and invested it and not touched the investment for ten years, I think he could have received similar returns on his own. Might be wrong on that, but I think at worst the Mets were simply optimistic about the returns they could get on the money. I wouldn't go so far as to say they were retarded.

I can agree that this deal in a vacuum would not prove the Mets retarded. However, as a piece in their overall canon of retarded work, I don't mind calling them out on it.

Personally, I'd just want that liability off my books as quickly as possible, unless in was a non-interest loan.

 

[Used 2 B Hu]

Blue Jays FTW!

 

[SlinkyRedfoot]

•Manny Ramirez has a 16-year, $32 million deferred money deal from the Red Sox which, like Bonilla’s, kicked in on July 1, 2011. It costs them $1.968 million a year and goes through 2026 when Ramirez is 54;

Non-interest. This makes excellent sense for the Red Sox.

 

[SlinkyRedfoot]

Bruce Sutter was to receive payments totaling $44 million over the next 36 years from his new club, the Atlanta Braves . . . Sutter will receive a $750,000 salary for each of the next six years and a minimum of $1.12 million a year for the remaining 30 years of the contract. In addition, he will get the $9.1 million in so-called “principal” at the end.

This sound fucking insane to me.

 

[Used 2 B Hu]

This sound fucking insane to me.

Ahn-ahn-ahhh! "Developmentally disabled!"

 

[Rock Strongo]

I like it.


Mike (in customer service, you remember him hu and cereal) has labeled rick porcello “the surge protector”.


t-shirts to come…

 

[Rock Strongo]

Ahn-ahn-ahhh! "Developmentally disabled!"

 

[SlinkyRedfoot]

Ahn-ahn-ahhh! "Developmentally disabled!"

I'll work on being a new, more socially conscious Slinky.

 

[TDs3nOut]

Thought this tweet on the espn.com scoreboard page kind of interesting:

"OTD: Andy Hawkins tosses no-no, loses
On July 1, 1990, the Yankees RHP gave up 0 hits to the White Sox -- and lost 4-0. An error, 2 walks and 2 more errors led to 4 Chicago runs in the 8th. Said Hawkins: "You dream of one, but you never think it's going to be a loss.""

 

[Rock Strongo]

Thought this tweet on the espn.com scoreboard page kind of interesting:

"OTD: Andy Hawkins tosses no-no, loses
On July 1, 1990, the Yankees RHP gave up 0 hits to the White Sox -- and lost 4-0. An error, 2 walks and 2 more errors led to 4 Chicago runs in the 8th. Said Hawkins: "You dream of one, but you never think it's going to be a loss.""

i remember matt youngs similar game like it was yesterday.

April 15, 1991 Cleveland Indians at Boston Red Sox Box Score and Play by Play | Baseball-Reference.com

 

[SlinkyRedfoot]

i remember matt youngs similar game like it was yesterday.

April 15, 1991 Cleveland Indians at Boston Red Sox Box Score and Play by Play | Baseball-Reference.com

Yeah, but that was just a pitching duel that went to extras. Young didn't have a no-hitter and he didn't lose.

This Andy Hawkins deal was a no-hitter 4-0 loss. That's pretty fucking crazy.