It's that time of year again Bobby

[skinzfan]

Bonilla

July 1st, the day the New York Mets pay you $1.19 million — an arrangement that began in 2011 and runs through 2035

 

[Cedrique]

It's good to see that some of these professional athletes have some sense when it comes to finances.

 

[msgkings322]

It's good to see that some of these professional athletes have some sense when it comes to finances.

Not really, it's like taking the lottery payout in installments instead of upfront. By 2035 $1 million will be worth a lot less than today

 

[Cedrique]

Not really, it's like taking the lottery payout in installments instead of upfront. By 2035 $1 million will be worth a lot less than today

Yeah I'm aware of that. I just think it is a smart idea. If you take your money over time like that it makes it harder for you to go broke by making careless decisions. It probably also makes it easier to resist helping every "friend" or relative that is hitting you up for money. (sure you can always borrow against those future payments anyway, but that is a step that would hopefully make you stop and think before you did it).