It's Bobby Bonilla Day! July 1st $1.193 Million from the NY Mets

[underpants]

Bonilla played for the Mets in 1999. Braves 2000. Cardinals 2001.

He structured his one contract with the Mets to pay him $1.193 M a year on July 1st until 2035.

https://en.wikipedia.org/wiki/Bobby_Bonilla

[nycbos]

1. Always makes me laugh.

[brush]

2. Some annuity there. Bonilla was a good ballplayer, better financial manager.

[underpants]

3. This isn't that rare

I know that Albert Bell was being paid by the White Sox, Indians, and Orioles well after he was finished paying. Bobby Bo's is unique though.

[brush]

4. It's a good move. I mean how much do you need all your money at once?

They're dealing such large sums up front it's smart to spread it out over years.

In basketball, what do think about Kevin Durant leaving 57m on the table from the Warriors to sign with the Nets for that much less? 57m. It's like the sums are so large they don't care about a few million here or there.

[underpants]

7. Yeah that's a lot to let go but apparently KD had had it with the Warriors

See link on post #8 here

https://www.democraticunderground.com/?com=view_post&forum=1204&pid=78557

[Loge23]

5. Shhhh! they may try to sign him again.

The Wilpons probably wish they could get him in the lineup, since they have to pay him anyway.

[El Supremo]

6. And A-Roid still gets about $40M from the Rangers until 2025!

An investment account that grows and grows.

https://sportsday.dallasnews.com/texas-rangers/rangers/2016/08/07/rangers-40-million-remaining-obligation-alex-rodriguez-will-impact-business

[hughee99]

8. And the Mets made this deal to get out of giving him about $6 million up front.