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Thread: Dear GMan

  1. #1
    Administrator Herchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forums Herchel's Avatar
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    Dear GMan

    Bobby Bonilla just got another $1.2M today.
    Deo Vindice

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  2. #2
    Moderator 2008 National Champions has a great deal of respect on the forums2008 National Champions has a great deal of respect on the forums2008 National Champions has a great deal of respect on the forums2008 National Champions has a great deal of respect on the forums2008 National Champions has a great deal of respect on the forums2008 National Champions has a great deal of respect on the forums2008 National Champions has a great deal of respect on the forums2008 National Champions has a great deal of respect on the forums2008 National Champions has a great deal of respect on the forums2008 National Champions has a great deal of respect on the forums2008 National Champions has a great deal of respect on the forums 2008 National Champions's Avatar
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    Re: Dear GMan

    lol....

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  3. #3
    Am Yisrael Chai GatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forums GatorMan32's Avatar
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    Re: Dear GMan

    The Wilpons deserve that crap for how they ruin the Mets over and over. I wish I had been his agent, that dude also gets his cut every year for eternity.

  4. #4
    Administrator Herchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forumsHerchel has a great deal of respect on the forums Herchel's Avatar
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    Re: Dear GMan

    Quote Originally Posted by GatorMan32 View Post
    The Wilpons deserve that crap for how they ruin the Mets over and over. I wish I had been his agent, that dude also gets his cut every year for eternity.
    Thru 2035
    Deo Vindice

    "Put a federal agency in charge of the Sahara Desert and it will run out of sand".

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    "One idiot is an idiot. Two idiots are two idiots. Ten thousand idiots are a political party."

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    “I spent half my money on gambling, alcohol and wild women. The other half I wasted.” — W.C. Fields



  5. #5
    Am Yisrael Chai GatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forumsGatorMan32 has a great deal of respect on the forums GatorMan32's Avatar
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    Re: Dear GMan

    LOL We will see, if anyone can be dumb enough to re work it into an eternal paycheck it is the Wilpons.

  6. #6
    Moderator Bama_Man has a great deal of respect on the forumsBama_Man has a great deal of respect on the forumsBama_Man has a great deal of respect on the forumsBama_Man has a great deal of respect on the forumsBama_Man has a great deal of respect on the forumsBama_Man has a great deal of respect on the forumsBama_Man has a great deal of respect on the forumsBama_Man has a great deal of respect on the forumsBama_Man has a great deal of respect on the forumsBama_Man has a great deal of respect on the forumsBama_Man has a great deal of respect on the forums Bama_Man's Avatar
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    Re: Dear GMan

    He will be receiving his salary up until he is in his 70's, just incredible. The worst deal, monetarily, in sports history.
    "Alabama's cornerbacks don't impress me one bit. They're overrated. Real men don't play zone defense and we'll show them a thing or two come January 1."

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  7. #7
    Master Sergeant Dawgilicious has a great deal of respect on the forumsDawgilicious has a great deal of respect on the forumsDawgilicious has a great deal of respect on the forumsDawgilicious has a great deal of respect on the forumsDawgilicious has a great deal of respect on the forumsDawgilicious has a great deal of respect on the forumsDawgilicious has a great deal of respect on the forumsDawgilicious has a great deal of respect on the forumsDawgilicious has a great deal of respect on the forumsDawgilicious has a great deal of respect on the forumsDawgilicious has a great deal of respect on the forums Dawgilicious's Avatar
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    Re: Dear GMan

    Quote Originally Posted by Bama_Man View Post
    He will be receiving his salary up until he is in his 70's, just incredible. The worst deal, monetarily, in sports history.
    Not even close..lol

    Manny Ramirez has a 16-year, $32 million deferred money deal from the Red Sox which, like Bonilla’s, kicked in on July 1, 2011. It costs them $1.968 million a year and goes through 2026 when Ramirez is 54;

    The Cardinals are paying Matt Holliday to play now, but they’ll still be paying him through 2029 under the $120 million, seven-year contract he signed in 2010;

    Retired Rockies first baseman Todd Helton deferred $13 million of his 2011 salary (total was $19.1 million) and will be paid through 2024;

    The Nationals will pay Ryan Zimmerman $10 million over five years after he’s retired, with a nominal organization job;

    Ryan Braun will receive $18 million in payments in equal installments each July 1 from 2022 to 2031;

    The Tigers are still paying Gary Sheffield between $1 million and $2.5 million annually through 2019;

    The Mariners are paying Ichiro Suzuki a chunk of his last big deal through the year 2032;

    The Reds signed Ken Griffey Jr. to a $116.5 million contract in February 2000, but more than half of that is still being paid by the team and will continue to be so until Griffey is in his 50s.


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    Re: Dear GMan

    Bruce Sutter was to receive payments totaling $44 million over the next 36 years from his new club, the Atlanta Braves . . . Sutter will receive a $750,000 salary for each of the next six years and a minimum of $1.12 million a year for the remaining 30 years of the contract. In addition, he will get the $9.1 million in so-called “principal” at the end.


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  9. #9
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    Re: Dear GMan

    Essentially this is deferred compensation. While it wasn’t super common for teams to do it back when Bonilla agreed to that deal, it is far more common now. Let’s see what Max Scherzer‘s payouts look like when he’s still accepting huge checks from the Nats seven years after he retired.

    One thing that makes Bonilla’s deal stick out is the interest he’s getting: 8%. That’s high, but as The Bad Economist pointed out a few years back, the prime rate when he signed the deal was 8.5%. The Mets probably should’ve made his interest a floating figure rather than fixing it at 8% — Bonilla is getting a windfall as a result — but that’s down to the Mets’ owners’ well-documented bad financial instincts and their misguided belief that they’d make 15% on any investments in perpetuity, not the silliness of the structure.

    The Mets got use of the $5.9 million Bonilla deferred for years. And hey, for a lot of that time they probably DID get 15% on it because they were early investors in a ponzi scheme! But even if they put that in a non-criminal investment, they made money on it. They got something for that money. Even conservatively invested, a good half of the $30 million or so Bonilla is getting after interest will have been paid for.

    And they got more than just the investment. As Dan Lewis pointed out five years ago, the $5.9 that was freed up for 2000 was used to bite off a huge chunk of the salaries owed to Mike Hampton and Derek Bell, for whom they traded and who helped them reach the World Series. When Hampton walked to take advantage of the good schools in the Denver area, they used the compensation pick to draft a kid named David Wright. None of that happens without deferring Bonilla’s salary given their payroll crunch at the time.


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