Rock's Minions/Aaron Hernandez's Thug Life/LBJ 2x Finals MVP

[Rock Strongo]

 

[Rock Strongo]

 

[heatwave31]

Not really so much anymore...Its calmed down IMO.

truuuuuuuuue

 

[Mr.Pickles]

Go over there and tell Pickles to fuck off.

Hello

 

[cerealboi]

Hello

I'm not speaking to you until you apologize to me on the other board.

 

[Used 2 B Hu]

Hello

Why did I read that in a George Takei voice?

 

[Rock Strongo]

you 2 should make out

thats what dirt just told me anyway

 

[Mr.Pickles]

Why did I read that in a George Takei voice?

 

[Mr.Pickles]

Im out

Later dudes


BYE CEREAL !!!!!!!!!!

 

[Rock Strongo]

reading up on that bonilla contract and how it happened...insane

 

[Rock Strongo]

When it came time to negotiate with The Mets, Bobby Bonilla was smart enough to secure one of the most forward thinking contracts in sports history. He knew The Mets wanted him gone but technically owed him $5.9 million. He also knew he had a young son and daughter who would be looking to go to college, and as a 36 year old, he likely had many years worth of life to live. So at this point, Bobby and his agents offered a unique compromise: The Mets would release Bobby to play for another team and they would delay the $5.9 million payment for 11 years, with interest. In essence, The Mets agreed to pay Bobby a total of $29.8 million (instead of $5.9 million) in 25 annual installments of $1.192 million, starting in the year 2011. When he received his first $1.192 payment, Bobby was 48 years old and had not played in the big leagues for 10 years. He has basically guaranteed himself a big league salary every year for the rest of his life. Today Bobby Bonilla makes more per year from the Mets than most of the team's active players! So why would The Mets agree to this deal?

Bobby Bonilla Today

The Bernie Madoff Connection
In 1986, Real estate developer Fred Wilpon purchased 50% of The New York Mets for an undisclosed sum. He purchased the remaining 50% for $135 million in 2002. Wilpon was also one of the biggest investors in Bernie Madoff's Ponzi scheme hedge fund. Prior to the fund's December 2008 collapse, Madoff was returning a consistent (and completely fake) double digit rate of return every year. With those returns in mind, Wilpon knew that The Mets would actually make a huge profit by deferring Bonilla's $5.9 million. Even though that meant agreeing to pay him more than five times the amount they owed ($29.8 million), Wilpon could safely estimate that the Mets would make $60-70 million off $5.9 million over those 25 years investing with Madoff.

Unfortunately, as we all know now, Bernie Madoff's investment fund was actually a gigantic Ponzi scheme that wiped out between $20 and $65 billion in wealth for thousands of investors. Wilpon, who was under the false impression that he had made $300 million investing with Madoff, had potentially lost as much as $700 million. Not only did this completely invalidate the justification for Bobby Bonilla's contract but it almost forced Wilpon to sell The Mets to cover his debts. In 2011, Wilpon nearly sold 50% of The Mets to a billionaire hedge fund manager named David Einhorn, but was eventually saved by loans from Major League Baseball and Bank of America. Bobby Bonilla meanwhile is living the good life. In January of 2013 he received a direct deposit from The Mets for $1.192 million and in February he celebrated his 50th birthday. A living lesson for why we might all be better off turning down lump sums and instead opting for deferred payments.

 

[heatwave31]

reading up on that bonilla contract and how it happened...insane

wtf.. i am getting dizzy jumping back and fourth..

 

[Used 2 B Hu]

reading up on that bonilla contract and how it happened...insane

Yeah, pretty much Bernie Madoff's scheme was a catalyst.

 

[Rock Strongo]

im flat out exhausted

 

[Used 2 B Hu]

You're on your own, Rock. Lock up when you leave.

 

[HammerDown]

im flat out exhausted

I'm with you. No drinking tonight for me.

 

[Rock Strongo]

I'm with you. No drinking tonight for me.

game ran too late

in at 7, leaving at 6

 

[HammerDown]

I never heard what you do.

 

[Rock Strongo]

I never heard what you do.

i design and sell medical/nuclear application prototypes

you gimme a stainless steel/inconel/titanium tubing prototype, i can make it

i do:

the major oil companies
most nuclear plants/govt research
the worlds largest medical companies

working on some cool shit now for a company in israel

 

[HammerDown]

Trying to understand that. So what kind of software do you use? Something very specialized that I've never heard of probably?