Bobby Bonilla str8 pimped the Mets for $30M

Mr. Met

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One of the biggest disappointments in the team's history on the all time worst teams that money could buy..:smh:

1993 59-103
1992 72-90

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Bobby Bonilla Finally Gets Paid - Mets Owe Slugger $30 Million

Flushing Baseball Daily by
Flushing Baseball Daily

Contributor Written on April 26, 2010


The Mets went into this offseason with a list of issues that they needed to address. However, they came out of the winter with only outfielder Jason Bay and a bunch of spare parts.

Why didn’t they add to their payroll?

They said it was because they liked the rotation they had and must have been confident enough in the lineup, too. Well it turns out that they already had another big contract all ready lined up to go on the books—Bobby Bonilla .

Here’s how this story goes. The Mets signed Bonilla in 1992 and he quickly became the face of one of the worst teams in the history of the organization. They traded him away after 1995. The problem was, the Mets organization seems to have had a short memory because they traded for Bonilla again before the 1999 season.

Of course, the Mets had problems that season and Bonilla was once again part of the losing culture. The Mets made it as far as the NLCS, but as they were losing game six against the Braves in the 11th inning, Bonilla was with Rickey Henderson playing cards in the clubhouse.

Infuriated, the Mets looked to cut ties with the slugger once again. The catch is that they were still on the hook for $5.9 million of his salary that they didn’t want to pay.

So according to Ethan Trex of CNN.com , the Mets and Bonilla’s agent reached an agreement that pays out $1.193 million per season from 2011 until 2035. Or about $28.632 million over 24 years.

So essentially what this boils down to is that about 10 years ago the Mets didn’t feel like paying Bonilla $6 million so they are going to pay him almost $30 million instead.

Brilliant!
 
so he basically put away that 5.9mil into bond that will give him a return of nearly %400 once it fully matures.:eek:

If they had seen his appearance on Living Single they woulda knew he wasn't bullshittin when it came to gettin what he was due from his employer.:lol:
 
Well, not such a bad idea considering the luxury tax hit they avoided and the ability to sign other players and stay within a certain salary range. They just deferred those payments out, and made plenty of interest off of the $5.9mill they didn't pay Bonilla.

The future value of $5.9 million @ 5% interest for 35 years is $32 million. So essentially they made 2 mill on the deal. For doing nothing.

Those GMs aren't stupid.:yes:
 
Well, not such a bad idea considering the luxury tax hit they avoided and the ability to sign other players and stay within a certain salary range. They just deferred those payments out, and made plenty of interest off of the $5.9mill they didn't pay Bonilla.

The future value of $5.9 million @ 5% interest for 35 years is $32 million. So essentially they made 2 mill on the deal. For doing nothing.

Those GMs aren't stupid.:yes:[/QUOTE

I like smart folks:lol::lol::wepraise::wepraise:
 
They pay Vaughn through a trust fund in which he developed into a decent real estate biz.

http://www.onyllc.com/index.html

With the Maddow hit it makes you wonder how honest they are with their financial situation.

He's done well outside of baseball. Fact is, as far as the Mets go, they took over the the last $50M and the 3 remaining years of his deal, and he only played one season.
 
Of course, the Mets had problems that season and Bonilla was once again part of the losing culture. The Mets made it as far as the NLCS


How is playing in National League CHAMPIONSHIP Series a "losing culture"?? Writer talking out the side of his neck
 
How is playing in National League CHAMPIONSHIP Series a "losing culture"?? Writer talking out the side of his neck

Remember that was the year they damn near collapsed ( again ) before that one win game in Cincy.

Dude was playing cards with Rickey in the clubhouse during a tight game 6.:smh:
 
No wonder the Mets were this guy's favorite team!

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They hire nothing but scam artists and pay through the ass to do so.

 
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