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OT - Happy Bobby Bonilla Day

PastorofMuppets82

PastorofMuppets82

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Every July 1st until 2035 Bobby Bonilla receives his check for $1.193 Million for his deferred contract with the Mets.

Instead of paying $5.9 million to buyout his contract up front. The Mets decided to spread the contract out over 25 years (2011 to 2035) with 8% annual interest.

Wonder if that's the same model LVL is using to pay their NIL? lol
 
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*Fox2Monk*

*Fox2Monk*

Heisman
Jun 10, 2009
46,735
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PastorofMuppets82 said:
Every July 1st until 2035 Bobby Bonilla receives his check for $1.193 Million for his deferred contract with the Mets.

Instead of paying $5.9 million to buyout his contract up front. The Mets decided to spread the contract out over 25 years (2011 to 2035) with 8% annual interest.

Wonder if that's the same model LVL is using to pay their NIL? lol
Click to expand...
It’s going to be a sad day when Bobby Bonilla day finally ends. They should sign him to a lifetime deal.
 
kywildcat1021979

kywildcat1021979

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Jan 10, 2015
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Hitman206 said:
Ken Griffey Jr got his last $3.5 million check on July 1, 2024. He lives next to Tiger Woods in Orlando.
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Just think Griffey took a lot less to play for the Reds.... He could've really made bank if he would've went elsewhere... How many players would do that today? If injuries wouldn't had derailed his career everyone would be chasing his homerun record!
 
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*Fox2Monk*

*Fox2Monk*

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kywildcat1021979 said:
Just think Griffey took a lot less to play for the Reds.... He could've really made bank if he would've went elsewhere... How many players would do that today? If injuries wouldn't had derailed his career everyone would be chasing his homerun record!
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He was still the best Center Fielder I’ve ever seen when he was healthy. Also has the most beautiful swing ever.
 
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LongliveWildcatDon

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Jun 23, 2026
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kywildcat1021979 said:
Just think Griffey took a lot less to play for the Reds.... He could've really made bank if he would've went elsewhere... How many players would do that today? If injuries wouldn't had derailed his career everyone would be chasing his homerun record!
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Not sure I could have been happier they day it was announced. My favorite player going to my favorite team and they gave nothing for him. But it being the Reds it was destined not to work out.
 
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mjj_2K

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Jul 11, 2010
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*Fox2Monk* said:
He was still the best Center Fielder I’ve ever seen when he was healthy. Also has the most beautiful swing ever.
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His swing might have been prettier because it was longer, but Barry Bonds' was similar, shorter, and better (especially when aided by PED's).

But something about lefthanded hitters who can cock the bat over their head and just explode into the ball definitely looks great, and somehow better than any righthanded hitter.
 
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*Fox2Monk*

*Fox2Monk*

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mjj_2K said:
His swing might have been prettier because it was longer, but Barry Bonds' was similar, shorter, and better (especially when aided by PED's).

But something about lefthanded hitters who can cock the bat over their head and just explode into the ball definitely looks great, and somehow better than any righthanded hitter.
Click to expand...
Bonds was ridiculously good. He should still be in the hall of fame. PED’s or not.
 
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CameronCat22

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Apr 12, 2026
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At the time, the Mets ownership was heavily invested with Bernie Madoff and believed they were consistently earning 10–12% in annual returns. From their perspective, it made more sense to defer Bonilla’s payments, invest the money, and come out ahead over the long run. They thought they would make enough with the $5.9 million in returns investing with Madoff in the 12 years from 1999 to 2011 to pay his $1 million annual salary

That strategy looked brilliant… until it turned out Madoff was running the largest Ponzi scheme in history. Crazy how the stories are connected.
 
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Eagles_Ball_69

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Dec 19, 2003
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PastorofMuppets82 said:
Every July 1st until 2035 Bobby Bonilla receives his check for $1.193 Million for his deferred contract with the Mets.

Instead of paying $5.9 million to buyout his contract up front. The Mets decided to spread the contract out over 25 years (2011 to 2035) with 8% annual interest.

Wonder if that's the same model LVL is using to pay their NIL? lol
Click to expand...
It's truly one of the greatest sports days ever. Lol. It's like Mitch learned contracts from former Mets GM Steve Phillips.
 
Drogon

Drogon

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Bruce Sutter's Atlanta deferred payments(it ended the year he passed or right around there):

In total, Bruce Sutter ended up making roughly $47 million from that single six-year, $9.1 million contract. [1, 2]
Because of the massive 13% interest rate attached to the deal, the Atlanta Braves wound up paying him $38 million in pure interest alone. [, 2]

The Exact Payout Breakdown
The total cash came from three different phases of the agreement: [1]
  • The Playing Years (1985–1990): He received $4.5 million in active salary ($750,000 per year).
  • The Deferred Annuity (1991–2021): He collected $33.6 million in total interest via $1.12 million annual checks for 30 years.
  • The Balloon Payment (2022): He received a final $9.1 million payout representing the untouched original principal. [1, 2, 3, 4, 5]
Sutter only actually pitched in 112 games for the Braves due to injuries. This means the team paid him roughly $420,000 per appearance over the life of the contract. [1, 2, 3, 4]
 
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mjj_2K

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*Fox2Monk* said:
Bonds was ridiculously good. He should still be in the hall of fame. PED’s or not.
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Bonds was a 1st ballot HOF player and probably top 20 player of all-time before he ever took steroids. But he saw what McGwire and Sosa did and got ticked off, because he knew he was better than them, and jumped into the "by any means necessary" pool. He definitely belongs in the HOF, as do McGwire, Sosa, and Clemens. Just put it on their plaque that they cheated. It's more honest than denying them entry, because they were hugely important players and it's just kind of dumb to pretend they didn't exist.
 
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*Fox2Monk*

*Fox2Monk*

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mjj_2K said:
Bonds was a 1st ballot HOF player and probably top 20 player of all-time before he ever took steroids. But he saw what McGwire and Sosa did and got ticked off, because he knew he was better than them, and jumped into the "by any means necessary" pool. He definitely belongs in the HOF, as do McGwire, Sosa, and Clemens. Just put it on their plaque that they cheated. It's more honest than denying them entry, because they were hugely important players and it's just kind of dumb to pretend they didn't exist.
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I agree. Create a separate section for the whole era if needed. People can say whatever they want, but McGuire and Sosa reinvigorated interest in baseball across the U.S. no idea how many players or pitchers cheated. Throw them all in the same area unless it’s like Maddux who obviously never touched them. Anyone with a “cloud” but obviously belong need to be in. It’s the same argument I had for Pete Rose, you can’t have a HOF without HOF players. He’s on of the best ever regardless so he should be in. It’s not the hall of fair, the hall of ethics, or the hall of character.
 
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*Fox2Monk*

*Fox2Monk*

Heisman
Jun 10, 2009
46,735
85,392
113
Drogon said:
Bruce Sutter's Atlanta deferred payments(it ended the year he passed or right around there):

In total, Bruce Sutter ended up making roughly $47 million from that single six-year, $9.1 million contract. [1, 2]
Because of the massive 13% interest rate attached to the deal, the Atlanta Braves wound up paying him $38 million in pure interest alone. [, 2]

The Exact Payout Breakdown
The total cash came from three different phases of the agreement: [1]
  • The Playing Years (1985–1990): He received $4.5 million in active salary ($750,000 per year).
  • The Deferred Annuity (1991–2021): He collected $33.6 million in total interest via $1.12 million annual checks for 30 years.
  • The Balloon Payment (2022): He received a final $9.1 million payout representing the untouched original principal. [1, 2, 3, 4, 5]
Sutter only actually pitched in 112 games for the Braves due to injuries. This means the team paid him roughly $420,000 per appearance over the life of the contract. [1, 2, 3, 4]
Click to expand...
That’s amazing deal. I would have died to sign a deal like that as a pro. Pay me 300M over 10 years, but install pay me at even 4% interest every year for the next 50 for all I care.
 
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