I wanna be Bobby Bonilla...

Discussion in 'The Bar' started by DarkFriday, Jul 1, 2015.

  1. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

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    NEW YORK -- It’s payday for Bobby Bonilla.

    Near the end of Bonilla’s playing days, the New York Mets agreed to pay him $1,193,248.20 annually on July 1 for 25 years, beginning in 2011.

    Bonilla was owed $5.9 million when the Mets agreed to that buyout.

    The agreement called for deferred payments at an 8 percent annual interest rate. At the time, Mets ownership did not mind that interest rate because their investments with Bernie Madoff were returning comfortably more than that figure.

    Meanwhile, believe it or not, the Mets annually make a second payment to Bonilla, too.

    CBSSports.com reported in 2013 that Bonilla receives a separate payment for 25 years, which is the shared responsibility of the Mets and Baltimore Orioles and runs through 2028. The Mets reportedly are required to pay slightly more than half of the annual $500,000 sum, which stems from Bonilla’s original tour of duty with the Mets.
     
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  2. Vyb

    Vyb serial chiller Gold

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  3. Vyb

    Vyb serial chiller Gold

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    Bobby's ex has nice legs tho.

    [​IMG]
     
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  4. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

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    Bobby dun cry :giggle:
     
  5. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

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  6. baltimore mike

    baltimore mike I wear panties 24/7 364

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    Its Bobby Bo day!
     
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  7. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

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    Enjoy yer vacation.
    Take some pics for us please. o_O
     
  8. baltimore mike

    baltimore mike I wear panties 24/7 364

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    :hat:
     
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  9. Rupert Pupkin

    Rupert Pupkin That Ass is Attached to Daniela Lopez Gold

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    Good for him. Darryl Strawberry had a deferred comp deal. Unfortunately, the IRS sold it to an investor to pay Straw's tax debt.

    http://espn.go.com/mlb/story/_/id/12200709/money-owed-darryl-strawberry-new-york-mets-won-auction

    Mets pay winning bidder OF's checks
    1/20/2015

    The Internal Revenue Service on Tuesday auctioned off the money owed to Darryl Strawberry from the New York Mets contract he signed in 1985.

    A man, who did not want to be identified, agreed to pay $1.3 million to receive a check from the Mets of $8,891.82 a month for the next 18½ years. Assuming a realistic timeline for the court to approve the sale, the value of the deferred payments will equal close to $2 million.

    Strawberry was forced to give a portion of the deferred money from the contract to his ex-wife, Charisse, as part of their divorce settlement in 2006, but the payments were never made. In 2010, Charisse filed for Chapter 7 bankruptcy protection and, as part of the proceedings, asked for what was owed. But in September, a judge in the Northern District of Florida ruled that the annuity was the property of the IRS, not Charisse, because Darryl still had not settled his tax debt owed for 1989, 1990, 2003 and 2004.

    A person in the room at Tuesday's auction in Fairview Heights, Illinois, said that the IRS momentarily held up the auction as Charisse tried to file an injunction to halt the sale, which required a minimum bid of $550,000.
     
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  10. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

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    :eek:
     
  11. doughhead63

    doughhead63 OD'd on life itself Staff Member

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    That's the same deal I have with my employer.
     
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  12. Rupert Pupkin

    Rupert Pupkin That Ass is Attached to Daniela Lopez Gold

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    "Given the present value of the deferred money on the $1.3 million sale price, the rate of return for the winning bidder is about 5 percent."

    My opinion, not such a great deal for the investor.
     
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  13. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

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  14. doughhead63

    doughhead63 OD'd on life itself Staff Member

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  15. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

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  16. doughhead63

    doughhead63 OD'd on life itself Staff Member

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  17. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

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  18. doughhead63

    doughhead63 OD'd on life itself Staff Member

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  19. zingger

    zingger Judge and jury Gold

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  20. Vyb

    Vyb serial chiller Gold

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    What's teh vyb? :lo5: