It is Bobby Bonilla Day

[PolarVortex]

IDK...he apparently saved enough of the Tag contract in '17 to be able to afford to sit out '18.

But, he better sock some of this away as well...I do believe the Jets with part ways with Bell once it makes financial sense to do so, likely after the '20 season. Doubtful they will be good enough to justify a $13.5 mil cap hit from a RB.

Yeah but we are talking about a guy who spend half a mill on jewelry. Doesn't really hint of shrewd, thrifty spending practices. And he left that jewelry in the care of a couple hookers.

 

[ATL96Steeler]

Yeah but we are talking about a guy who spend half a mill on jewelry. Doesn't really hint of shrewd, thrifty spending practices. And he left that jewelry in the care of a couple hookers.

True on the jewelry if that's even a semi-regular thing for him...but to date, that's the 1st such splurge we've really heard about.

I can't say that I know from personal experience but I'm guessing the hookers are probably cheaper than a gold digging wife....

Bell could very well end up broke, but the vast majority of the players that do end up broke were not guaranteed $20+ mil...not nearly as many Vince Young went broke types as we might want to think.

 

[Cyder]

A pretty nice deal he was able to work out I hope it worked okay for the Mets


Bobby Bonilla's Mets contract: Why ex-MLB star gets $1.19M annually until he's 72 years old

Bobby Bonilla's Mets contract: Why ex-MLB star gets $1.19M annually until he's 72 years old

Many New York Mets fans refer to July 1 as “Bobby Bonilla Day,” thanks to an infamous contract stipulation that requires the franchise to pay its 56-year-old former slugger more than $1.1 million per year through the year 2035.

The payments stem from an agreement the Mets and Bonilla reached to buy out his contract in 2000. At the time, the Mets, who owed Bonilla $5.9 million, agreed to pay him the money in annual installments over a 25-year period that stretches from 2011 until 2035.

When factoring in a pre-negotiated 8 percent interest rate, the Mets owe Bonilla about $1.19 million every year on July 1. Bonilla, who hasn’t played in the major leagues since the 2001 season, will keep earning money from the Mets until he’s 72 years old.

Bonilla received more money today than several active members of the Mets will receive in salary for the entire 2019 season. All-Star selections Jeff McNeil ($567K) and Pete Alonso ($555K) both earn significantly less than Bonilla.

Deferred money contracts are a relatively common arrangement in professional sports, especially baseball. Washington Nationals ace Max Scherzer, a former Cy Young winner, signed a 7-year, $210 million contract in 2015 that included $105 million in deferred money, to be paid out in installments through 2028.

A six-time All Star selection, Bonilla was considered one of baseball’s most feared hitters in his prime. But in his final stint with the Mets in 1999, he hit just .160 with 4 home runs and 18 RBIs over 60 games.

He's still earning that money more than Cano is earning his

 

[Chewbaccer]

He's still earning that money more than Cano is earning his

Cano pisses me off. Sucks against everyone, but every 32 hopper he hits finds a hole against us

 

[tducey]

That was some contract, Bonilla had a pretty good career but that contract has become the lasting thing that he is known for. I'd def like to be in his shoes.

 

[calsnowskier]

That was some contract, Bonilla had a pretty good career but that contract has become the lasting thing that he is known for. I'd def like to be in his shoes.

He is only known for it because a bunch loud-mouth ignoramuses make a big stink out of something that really isn’t that abnormal.

 

[Chewbaccer]

He is only known for it because a bunch loud-mouth ignoramuses make a big stink out of something that really isn’t that abnormal.

If the Mets are involved, it is LOL worthy.

 

[calsnowskier]

If the Mets are involved, it is LOL worthy.

LOL


Fair enough.

 

[BrockForBroglio]

Also, thanks to Bonilla getting hurt in 2001, the world was introduced to one Albert Pujols.

 

[tabascojet]

8% is pretty steep, assuming if they found a way to make more the 8% it would've been a helluva deal for the Mets.

"8% is for chumps fred" - bernie

 

[packerzrule]

Move over, Bobby Bonilla: The Braves have been paying Bruce Sutter for 30 years thanks to a ludicrous contract.

Before the 1985 season, the Braves signed Sutter to a six-year, $9.1 million deal, which was big money for an aging pitcher. The catch, Sutter structured his contract in a way that he'll be getting paid for the next 30 years at no less than $1.12 million per year.


“Sutter was only paid about $750,000 per year while under the Braves’ control,” Lewis wrote. “For the thirty years after he retired — 30!!! — the Braves agreed to pay him no less than $1.12 million per year, and potentially more if interest rates spiked above a negotiated floor of 12.3 percent. [They haven’t.] That ends in 2021

Holeee shit. That's Bruce Sutter?!?!

Looks like an Amish biker