HAPPY Bobby Bonilla Day!!!

[eagle force]

happy belated bonilla day

 

[darth frosty]

This blongs here

 

[darth frosty]

 

[darth frosty]

 

[DC_Dude]

 

[darth frosty]

 

[eagle force]

almost forgot

seasons greetings

 

[darth frosty]

 

[DC_Dude]

 

[DC_Dude]

 

[DC_Dude]

 

[DC_Dude]

 

[DC_Dude]

 

[DC_Dude]

 

[darth frosty]

 

[DC_Dude]

 

[eagle force]

another year another 1.2 milz

 

[darth frosty]

 

[parisian]

He should throw a big party for the last payout

 

[Hey Julian!]

 

[PDQ21]

He should throw a big party for the last payout

He goes on vacay every year around this time

 

[darth frosty]

 

[darth frosty]

 

[darth frosty]

 

[Da Backshot Champ]

The Mets have always been spelled S-E-X, because that is what the smut niggas are. How can you be a fan of these hoes smut faggot when the Yankees are in town. It;s like do I like fly designer shit, or do you like Dollar General clothing. You decide you sorry sap motherfucker eating ratshit every chance you get.

Wait, these taint licking skanks are still paying Bret Saberhagen?

 

[darth frosty]

Bernie Madoff is the reason the Mets still wire Bobby Bonilla $1,193,248.20 every single July 1 until 2035.

Here's the math nobody runs. In 2000 the Mets owed Bobby $5.9M and wanted him gone. Rather than cut the check, they spread it across 25 years at 8% interest, starting in 2011. Total payout $29.8M. On its face it reads as lunacy. Pay $30M to escape a $6M bill.

Except Fred Wilpon had a plan for that $5.9M. He parked it with Madoff, whose accounts were printing steady 12% returns like clockwork.

Borrow at 8%, compound at 12%, keep the spread. That was the whole trade.

One analyst reverse-engineered it and found a second punchline hiding inside the first. At 12%, the $5.9M grows to roughly $8.5M before Bobby's opening check clears in 2011. From there the Mets pocket the four-point gap, about $236K a year, $5.9M across the life of the deal. That spread lands on the buyout amount almost to the dollar. The structure was built so Madoff's returns would make Bonilla functionally free.

Then the whole thing turned out to be a Ponzi scheme. The 12% never existed. The compounding never happened. Wilpon and his circle were wired into 483 Madoff accounts and lost hundreds of millions when it caved, and the "free" contract became a real $30M liability with nothing holding it up.

The proof the math itself was sound: Steve Cohen bought the team. Cohen built one of the highest-returning hedge funds ever run. For someone who clears 8% without breaking a sweat, a $1.19M annual payment is a rounding error he can fund out of pocket until 2035. So he did the one rational thing left and turned it into a marketing holiday.

Bobby's payout was only ever as smart as the investor standing behind it. For the years that decided everything, that investor was Bernie Madoff.

 

[Complex]

Bernie Madoff is the reason the Mets still wire Bobby Bonilla $1,193,248.20 every single July 1 until 2035.

Here's the math nobody runs. In 2000 the Mets owed Bobby $5.9M and wanted him gone. Rather than cut the check, they spread it across 25 years at 8% interest, starting in 2011. Total payout $29.8M. On its face it reads as lunacy. Pay $30M to escape a $6M bill.

Except Fred Wilpon had a plan for that $5.9M. He parked it with Madoff, whose accounts were printing steady 12% returns like clockwork.

Borrow at 8%, compound at 12%, keep the spread. That was the whole trade.

One analyst reverse-engineered it and found a second punchline hiding inside the first. At 12%, the $5.9M grows to roughly $8.5M before Bobby's opening check clears in 2011. From there the Mets pocket the four-point gap, about $236K a year, $5.9M across the life of the deal. That spread lands on the buyout amount almost to the dollar. The structure was built so Madoff's returns would make Bonilla functionally free.

Then the whole thing turned out to be a Ponzi scheme. The 12% never existed. The compounding never happened. Wilpon and his circle were wired into 483 Madoff accounts and lost hundreds of millions when it caved, and the "free" contract became a real $30M liability with nothing holding it up.

The proof the math itself was sound: Steve Cohen bought the team. Cohen built one of the highest-returning hedge funds ever run. For someone who clears 8% without breaking a sweat, a $1.19M annual payment is a rounding error he can fund out of pocket until 2035. So he did the one rational thing left and turned it into a marketing holiday.

Bobby's payout was only ever as smart as the investor standing behind it. For the years that decided everything, that investor was Bernie Madoff.

How stupid can you be

 

[parisian]

Soon to be renamed Ohtani day

 

[Princenubian]

How stupid can you be

Bernie Madoff is the reason the Mets still wire Bobby Bonilla $1,193,248.20 every single July 1 until 2035.

Here's the math nobody runs. In 2000 the Mets owed Bobby $5.9M and wanted him gone. Rather than cut the check, they spread it across 25 years at 8% interest, starting in 2011. Total payout $29.8M. On its face it reads as lunacy. Pay $30M to escape a $6M bill.

Except Fred Wilpon had a plan for that $5.9M. He parked it with Madoff, whose accounts were printing steady 12% returns like clockwork.

Borrow at 8%, compound at 12%, keep the spread. That was the whole trade.

One analyst reverse-engineered it and found a second punchline hiding inside the first. At 12%, the $5.9M grows to roughly $8.5M before Bobby's opening check clears in 2011. From there the Mets pocket the four-point gap, about $236K a year, $5.9M across the life of the deal. That spread lands on the buyout amount almost to the dollar. The structure was built so Madoff's returns would make Bonilla functionally free.

Then the whole thing turned out to be a Ponzi scheme. The 12% never existed. The compounding never happened. Wilpon and his circle were wired into 483 Madoff accounts and lost hundreds of millions when it caved, and the "free" contract became a real $30M liability with nothing holding it up.

The proof the math itself was sound: Steve Cohen bought the team. Cohen built one of the highest-returning hedge funds ever run. For someone who clears 8% without breaking a sweat, a $1.19M annual payment is a rounding error he can fund out of pocket until 2035. So he did the one rational thing left and turned it into a marketing holiday.

Bobby's payout was only ever as smart as the investor standing behind it. For the years that decided everything, that investor was Bernie Madoff.

If anyone……ever……guarantees 10-15% returns……..don’t walk away…….

Carry on…….