Discussion in 'The Howard Stern Show' started by GaryPuppet, May 13, 2015.
Only the 4th player in history to do this.
I guess he's on the MLB shit list.
You mean for doping?
If they do catch him juicing, the marlins are screwed.
They just game him a $325 million dollar contract.
Steroids really make a difference.
Howard hit one out of the park with James Taylor.
they are just trying to trade his ass for a 6 pack of Schlitz and a #2 pencil.
Contracts never seem to amaze me.
The New York Mets are still on the hook for $30 million to Bobby Bonilla thru 2035!!!
Bonilla, a notorious malcontent who bombed on and off the field for the Mets in the 1990s, will start collecting his nearly $30 million windfall on July 1. Thanks to a deferred deal he inked with the club in 2000, he will collect seven-figure checks through 2035.
I'm still laughing at that one. I remember that signing.
I thought this guy was one of those Cuban refugees that are so popular these days, turns out, he was born in the San Fernando valley in Panorama City and went to Verdugo Hills High and then Notre Dame High.
"Robin, I'm no sports guy but I think the guy that hit the touchdown out of Dodger Stadium might be on steeroids, do you think they make his cock thicker?"
He used to be Michael Stanton when he first came into the majors
Wonder how much longer he'll be stuck with the fucking Marlins.
That's right, he changed his name to Giancarlo when he got to Miami.
That is the most amazing and crazy deal in the history of sports.
I don't know who worked as an agent for Bonilla, but he somehow parlayed a $6 million contract into $30 million paid over the next 20 years.
Year Age Salary
2015 39 $21,000,000
2016 40 $20,000,000
2017 41 $20,000,000
But to criticize the deal is to not understand that Bonilla gained nothing and the Mets actually came out ahead in the deal.
If Bonilla had accepted the $5.9 million in 2000 and invested the entire amount at 8% interest, the original investment would have grown to $104.1 million by 2035* (blue line in chart below). If instead, Bonilla takes his annual payment and invests that with an 8% annual return, he would have $95.2 million by 2035 (orange line in chart below).
In other words, Bonilla lost nearly $10 million by taking the payments instead of the lump sum.
But more importantly to the Mets, if they invested the $5.9 million at 8% interest in 2000. That money would have grown to more than $14 million before they had to make a single payment. And that money would continue to draw interest even while they are making payments.
By 2035, the Mets would still have $8.9 million left over (red line in chart below).
In other words, if invested at a standard rate, the Mets would have actually profited from Bonilla's generosity and the contract wasn't so dumb after all...
Read more: http://www.businessinsider.com/chart-contract-new-york-mets-bobby-bonilla-2013-7#ixzz3a35AydEz
that's some Mets revisionist history. Bonilla made the best deal for himself.