Happy Bobby Bonilla day!
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Would love to see him in the game, great switch hitter at one time.
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@earths-flat_xbl said in Happy Bobby Bonilla day!:
Would love to see him in the game, great switch hitter at one time.
Man, I was just about to post about is no one gonna comment on one of the greatest contracts ever? Congrats Bobby Bonilla!
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It order to get his rights they only have to pay him 5k but it is deferred with interest for the next 50 years. So it would cost them roughly 2 million dollars.
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@mubby_33_psn said in Happy Bobby Bonilla day!:
It order to get his rights they only have to pay him 5k but it is deferred with interest for the next 50 years. So it would cost them roughly 2 million dollars.
LoL
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@mubby_33_psn said in Happy Bobby Bonilla day!:
It order to get his rights they only have to pay him 5k but it is deferred with interest for the next 50 years. So it would cost them roughly 2 million dollars.
Just in case anyone didn't know the details, he deferred $5.9 million. And for yearly payments of $1.2 million for 25 years, with 8% interest. So for deferring $5.9, he will get $30 million with interest. He's being paid until he's 72. That's taking care of your future right there
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@baboonishace_psn said in Happy Bobby Bonilla day!:
@mubby_33_psn said in Happy Bobby Bonilla day!:
It order to get his rights they only have to pay him 5k but it is deferred with interest for the next 50 years. So it would cost them roughly 2 million dollars.
Just in case anyone didn't know the details, he deferred $5.9 million. And for yearly payments of $1.2 million for 25 years, with 8% interest. So for deferring $5.9, he will get $30 million with interest. He's being paid until he's 72. That's taking care of your future right there
Before you made this post, I went to Google to find out who he was, since I had never heard of him. ESPN posted a story about it this morning, if anyone is interested.
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@baboonishace_psn said in Happy Bobby Bonilla day!:
@mubby_33_psn said in Happy Bobby Bonilla day!:
It order to get his rights they only have to pay him 5k but it is deferred with interest for the next 50 years. So it would cost them roughly 2 million dollars.
Just in case anyone didn't know the details, he deferred $5.9 million. And for yearly payments of $1.2 million for 25 years, with 8% interest. So for deferring $5.9, he will get $30 million with interest. He's being paid until he's 72. That's taking care of your future right there
Thanks for providing the context, I'm old so I assumed everyone knew the deal. Funny part is that is was generally thought of as a good deal for the Mets since they were investing with Bernie Madoff and he could return 12 percent, too bad it was a ponzi scheme.
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