TJL
Patriarch
Lol @ a pro athlete investing his salarynot true
To criticize the deal is to not understand that Bonilla gained nothing and the Mets actually came out ahead in the deal.
If Bonilla had accepted the $5.9 million in 2000 and invested the entire amount at 8% interest, the original investment would have grown to $104.1 million by 2035*. If instead, Bonilla takes his annual payment and invests that with an 8% annual return, he would have $95.2 million by 2035….
But more importantly to the Mets, if they invested the $5.9 million at 8% interest in 2000. That money would have grown to more than $14 million before they had to make a single payment. And that money would continue to draw interest even while they are making payments
So just like uncle sam does Holds your money all year then gives it back
I understand the deal, completely, it did workout for the Mets, not a bad deal at all.
But now the dude has an annual income for close to the rest of his life, just thru sports, something almost no athlete can say