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New York Mets (official thread)

Discussion in 'Professional Baseball' started by ScriptOhio, Jul 1, 2015.

  1. ScriptOhio

    ScriptOhio Everybody is somebody else's weirdo.

    Just WOW, great retirement program if you can get it.....

    It’s Bobby Bonilla Day: Mets to make latest $1.2 million payment to former All-Star

    Bobby Bonilla has a million reasons to smile this morning.

    The ex-Met is scheduled to receive the latest in his seemingly unending stream of $1.2 million payments from the team as part of his 2000 contract buyout with the Wilpons.

    July 1 was the agreed-upon payment date between the former All-Star and the Mets when they negotiated a buyout of the $5.9 million remaining on his contract. Rather than pay Bonilla outright, the Mets concocted a 25-year, interest-accruing payment plan, which will give Bonilla, now 52, $1,193,248.20 every July 1 from 2011 through 2035.

    That’s how you turn $5.9 million into $29.8 million.

    Bonilla’s representatives wanted the Mets to match the U.S. Prime Rate of interest at the time, which was 8.5 percent, but the sides settled on eight percent. Today’s Prime Rate is 3.25 percent.

    “Bobby’s a very smart person, and he understands the value of income,” Dennis Gilbert, Bonilla’s former agent, told the Wall Street Journal in 2010.

    Bonilla would be the 12th highest paid player on the Mets this season, making more than Jacob deGrom ($582,125) and Matt Harvey ($614,125) combined.

    Entire article:

    Also....The agreement called for deferred payments at an 8 percent annual interest rate. At the time, Mets ownership did not mind that interest rate because their investments with Bernie Madoff were returning comfortably more than that figure.

    Entire article:
    BigJim, AuTX Buckeye and Thump like this.
  2. Thump

    Thump Hating the environment since 1994


    That's fucking awesome!
  3. OHSportsFan

    OHSportsFan Fan of Ohio Sports in Indy

    Cespedes just got PAID.

    3yr, $75M
  4. ScriptOhio

    ScriptOhio Everybody is somebody else's weirdo.

  5. ScriptOhio

    ScriptOhio Everybody is somebody else's weirdo.

  6. ScriptOhio

    ScriptOhio Everybody is somebody else's weirdo.

    Darryl Strawberry: Teammates covered for me while I had sex between innings

    He couldn’t have scored without them. Horndog Mets legend Darryl Strawberry revealed Thursday how he used to round the bases with groupies — even between innings during games — with the help of teammates and coaches. The eight-time All-Star outfielder told Dr. Oz that he would enlist locker-room attendants to fetch frisky female fans from the stands and then get it on with them in the clubhouse in between stints on the field — aided by some very helpful teammates and coaches. “Some of them covered for me,” he said of the players and team staffers. “They were pretty cool.” Strawberry, 55, revealed his game-time sex shenanigans on Mad Dog’s Sirius XM Show last year — but this was the first time.

    Entire article:
  7. ScriptOhio

    ScriptOhio Everybody is somebody else's weirdo.

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