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Old 07-02-2017, 02:31 AM
 
Location: Pennsylvania
9,051 posts, read 3,140,747 times
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Now this is what you call a 'bad deal'. This is the type of deal made by bad baseball teams and bad business managers.
Every July 1, retired Met Bobby Bonilla has more than 1 million reason to celebrate. Here's why
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Old 07-02-2017, 05:15 AM
 
17,634 posts, read 12,229,563 times
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It's only a bad deal because Madoff was a fraud.
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Old 07-02-2017, 06:10 AM
 
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Quote:
Originally Posted by Lowexpectations View Post
It's only a bad deal because Madoff was a fraud.

He Madoff with millions.
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Old 07-03-2017, 07:30 AM
 
3,568 posts, read 2,004,172 times
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Heard Jaremy Maclins deal with baltimore ravens he gets a lifetime supply of crab cakes. Depending on how much the dude can eat and the cost of crab it may become a similar or worse deal in 20 years.
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Old 07-03-2017, 02:39 PM
 
3,996 posts, read 8,735,320 times
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Quote:
Originally Posted by Lowexpectations View Post
It's only a bad deal because Madoff was a fraud.
Yep. Mets owner thought he could continue to get such high returns that buying the annuity upfront would be worth it
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Old 07-11-2017, 11:22 AM
 
Location: Pennsylvania
9,051 posts, read 3,140,747 times
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Quote:
Originally Posted by Lowexpectations View Post
It's only a bad deal because Madoff was a fraud.


Don't care about the reasons why. It was a terrible deal for the Mets. However, a good deal for Bonilla.
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Old 07-11-2017, 01:14 PM
 
17,634 posts, read 12,229,563 times
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Quote:
Originally Posted by BeerGeek40 View Post
Don't care about the reasons why. It was a terrible deal for the Mets. However, a good deal for Bonilla.
You should care if you are going to take the time to post about it at least be a bit more educated on the deal and why it was done. The math actually doesn't make it a good deal for Bobby
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Old 07-11-2017, 01:56 PM
 
4,229 posts, read 1,909,438 times
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The Bonilla deal freed up enough current cash for the Mets to sign 22-game winner Mike Hampton, who almost single-handedly pitched them through the NLCS and into the 2000 World Series. And when Hampton left for Colorado via free agency, the compensation pick the Mets received was turned into David Wright.
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Old 07-12-2017, 01:34 PM
 
Location: Pennsylvania
9,051 posts, read 3,140,747 times
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Quote:
Originally Posted by Lowexpectations View Post
You should care if you are going to take the time to post about it at least be a bit more educated on the deal and why it was done. The math actually doesn't make it a good deal for Bobby
Wrong.
I'm plenty educated, pal. Considering that many sports figures wind up with no skills when they leave the game, and wind up overspending and filing personal bankruptcy (see: Alan Iverson)..... it's a great deal for Bonilla to get $1M every single year for 25 years. And these people say the same thing. Read it.


Money lessons from Bobby Bonilla
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Old 07-12-2017, 02:15 PM
 
17,634 posts, read 12,229,563 times
Reputation: 12870
Quote:
Originally Posted by BeerGeek40 View Post
Wrong.
I'm plenty educated, pal. Considering that many sports figures wind up with no skills when they leave the game, and wind up overspending and filing personal bankruptcy (see: Alan Iverson)..... it's a great deal for Bonilla to get $1M every single year for 25 years. And these people say the same thing. Read it.


Money lessons from Bobby Bonilla

It's not great that your money is relatively inaccessible. What ultimately decideds if the deal is good or bad would require the full term to expire. The fact that most athletes end up broke is a sidebar issue and not one that decides if the deal is good or bad
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