Happy Bobby Bonilla Day
Posted: Sat Jul 01, 2023 10:30 am
Wish I could get 1.2 Million a year till 2035
Unofficial Fan Site of Hofstra Athletics
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He gets 25 years of payments through 2023, and $500,000 shared by the Mets and Baltimore through 2028. He will be paid through age 72, so in addition to his millions from MLB, he will eligible for Social Security then. Bonilla's contract with deferred money was modeled after Bret Saberhagen, who the Mets are still paying. Current Met Max Scherzer gets $43,333,333 this year, $43,333,333 from a player option for next year (he won't opt out because he wouldn't get more as a free agent), and $105 million from Washington.stuball888 wrote: They could’ve paid him $5.9 million in a buyout. Instead they chose 1.2 million over 30 years.
It calculated to somewhere around 8% per year. Seemed "smart" at the time because the Wilpons could make money on the yearly payments - they would get a consistent 15%+ a year by investing the $5.9 million with Madoff instead. Until they didn't.stuball888 wrote:They could’ve paid him $5.9 million in a buyout. Instead they chose 1.2 million over 30 years.