dmarc117 Posted April 27, 2010 Share Posted April 27, 2010 In 1999, Bonilla returned to the Mets for a second stint at Shea following his borderline disastrous free-agent signing in 1992. Bonilla wasn't any better the second time around, so the Mets waived him in 2000. The problem was that the team still owed Bonilla $5.9 million in guaranteed salary. Bonilla's agents worked out a deal with the Mets where he would defer the salary if the team would pay him $1,193,248.20 every July 1 from 2011 to 2035. Not a bad deal for someone who was so bad the team basically paid him to go away. Quote Link to comment Share on other sites More sharing options...
Big Country Posted April 27, 2010 Share Posted April 27, 2010 (edited) Wonder what the net present value is of that original $5.9 million, and then do a comparison of the EV of that vs. the EV of the annual payments for 24 years. Edited April 27, 2010 by Big Country Quote Link to comment Share on other sites More sharing options...
muck Posted April 27, 2010 Share Posted April 27, 2010 It doesn't appear to be anything other than a simple discounted cash flow analysis ... just involving more $$s than we're used to looking at in our own checkbooks! That sure is some anuity, though! If I were him, I'd look to sell at least half of that to someone else so that way he can diversify his risks a bit. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted April 27, 2010 Author Share Posted April 27, 2010 7.5%ish Quote Link to comment Share on other sites More sharing options...
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