Sign in to follow this  
dmarc117

bobby bonilla

Recommended Posts

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.

 

:wacko:

Share this post


Link to post
Share on other sites

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 by Big Country

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.