sign a guy to a services contract with deferred payment. You get the full benefits of his services. Then sell off the team so that someone else has to pay on the contract.

no one ever accused a sports reporter of having business acumen

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

Bonilla's payday?

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There are only two examples of infinity: The universe and human stupidity and I'm not sure about the universe.

m&h said today that bret saberhagen has a similar deal with mets for much less money

yes, bobby bonilla is getting paid today for work he completed 20 years ago and some think its a brilliant move



of course you will Whimpy. Everyone should love deferring a payment

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

Good for Bobby that the Clintons don't own the Mets.

Obviously time value of money and all. That said, there is something to de-risking capital by deferring it, the risk here being that a pro athlete between the ages of 25-35 might not be the best steward with his money. I'm sure there are many many many athletes who dearly wish that they deferred dollars and received what amounts to a 2MM per year annuity from ages 47-67.

Also Bonilla received, essentially an 8% return on his deferment. This was quite a good deal for Bonilla.

Maybe he received a good deal. The owners who signed it received a great deal

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

At the time he took his deferment, he had already banked over $45 million in salary. That's not counting any endorsements. That's equivalent to about 85 million today.

Somebody who has that much in the bank, maybe it's easier and more beneficial for them to accept a deferred payment plan.

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They invested the money with Bernie Madoff. Didn't end well for that ownership group.

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That made me laugh my ass off. Couldn't have happened to more deserving people.

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There are only two examples of infinity: The universe and human stupidity and I'm not sure about the universe.

I imagine a (((lawyer/agent))) advised him professionally.

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The Wilpon selling group didn’t get the deal you think they did. I’m sure in the valuation process Cohen and his group reduced the purchase price/valuation for the deferred liability of the Bonilla payments. It isn’t like the buyers ignored this huge stream of payments and didn’t adjust the purchase price accordingly.

I'd say they didn't consider a million dollar liability on the books when making their multi billion dollar investment

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

Steve Cohen purchased the Mets in 2020, Bonilla had 15 more years @ 1.2MM left on the deferred payments for a total of 18MM.

I'm pretty sure they factored that liability into the valuation.

I'm pretty sure they didn't. Let's wrestle

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

Shirtless.

If they didn't they need better financial analysts.

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https://twitter.com/DrKenCast

After the events of the last two days, I now agree with you.