NFT: Happy Bobby Bonilla Day Met fans

and this twitter thread will help educate some. Bruce Sutter? He's 65 years old (10 years older than Bonilla)

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Michael Mayer ‏ @mikemayerMMO Happy MLB Deferment Day! This thread is dedicated to all (shocker Bobby Bonilla isn't the only one!) of the current and future deferment payments given to MLB players. 1:37 AM - 1 Jul 2018 484 Retweets 724 Likes Joanne Chris Crawford Sheldon Higgins Eric Monacelli Jeff Word on Willets Pt Nelly Etienne Katz Barktist� 42 replies 484 retweets 724 likes Pjcas18 Tweet text New conversation Michael Mayer ‏ @mikemayerMMO 13h13 hours ago The Cincinnati Reds are paying Bronson Arroyo $1,363,636 this season and that deferred payment continues through 2021. 4 replies 37 retweets 83 likes Michael Mayer ‏ @mikemayerMMO 13h13 hours ago The Washington Nationals have to cut a check to Rafael Soriano for $2,000,000 as a deferred payment in 2018 through 2024. 2 replies 45 retweets 76 likes Michael Mayer ‏ @mikemayerMMO 13h13 hours ago The Washington Nationals owe Joe Blanton a deferred payment of $1 million in 2018 and $2 million paid in 2019. 2 replies 17 retweets 51 likes Michael Mayer ‏ @mikemayerMMO 13h13 hours ago The Milwaukee Brewers have to pay Lorenzo Cain $1 million annually as a deferred payment from 2023 to 2027. 1 reply 26 retweets 50 likes Michael Mayer ‏ @mikemayerMMO 13h13 hours ago The Washington Nationals have to give Matt Wieters a one-time deferred payment of $5 million in 2021. 1 reply 13 retweets 37 likes Michael Mayer ‏ @mikemayerMMO 13h13 hours ago The Washington Nationals have to give Daniel Murphy a deferred payment of $2.5 million in 2019 and $3 million in 2020. 2 replies 15 retweets 40 likes Michael Mayer ‏ @mikemayerMMO 13h13 hours ago The Washington Nationals have deferred payments with Stephen Strasburg of $10 million installments each July 1 starting in 2024 through 2030. (These payments can change according to opt-outs). 2 replies 34 retweets 50 likes Michael Mayer ‏ @mikemayerMMO 13h13 hours ago The Washington Nationals agreed to give Max Scherzer deferred payments of $15 million each July 1 from 2022 to 2028. 2 replies 33 retweets 70 likes Michael Mayer ‏ @mikemayerMMO 13h13 hours ago The Milwaukee Brewers have to pay Ryan Braun $1,800,000 each year starting in 2022 through 2031. 5 replies 26 retweets 57 likes Michael Mayer ‏ @mikemayerMMO 13h13 hours ago The Washington Nationals will pay Jayson Werth a one-time deferred payment of approximately $11 million in 2018. 2 replies 10 retweets 38 likes Michael Mayer ‏ @mikemayerMMO 12h12 hours ago The Washington Nationals have an unusual contract with Ryan Zimmerman that pays him $10 million total in a span of 5 years for personal services beginning once playing career ends. 2 replies 13 retweets 37 likes Michael Mayer ‏ @mikemayerMMO 12h12 hours ago The St. Louis Cardinals will pay Jim Edmonds a deferred payment of $300K in 2018 and 2019. The annual payment started in 2010. 1 reply 13 retweets 38 likes Michael Mayer ‏ @mikemayerMMO 12h12 hours ago The New York Mets have paid Bret Saberhagen a deferred payment of $250,000 annually from 2004 and that continues through 2028. 3 replies 20 retweets 59 likes Michael Mayer ‏ @mikemayerMMO 12h12 hours ago The New York Mets will give Carlos Beltran his final deferred payment of $3,142,857 in 2018. 2 replies 16 retweets 57 likes Michael Mayer ‏ @mikemayerMMO 12h12 hours ago The Cincinnati Reds began giving Ken Griffey Jr. a deferred payment of $3,593,750 in 2009 and continue to do that annually through the year 2024. 4 replies 73 retweets 126 likes Michael Mayer ‏ @mikemayerMMO 12h12 hours ago The Milwaukee Brewers pay the final of three deferred payments of $2,333,333 to Kyle Lohse in 2018. 1 reply 8 retweets 27 likes Michael Mayer ‏ @mikemayerMMO 12h12 hours ago The Colorado Rockies pay $13.1 million of the money they owed Todd Helton over a span of 10 years starting in 2014 with 3 percent interest. 1 reply 15 retweets 37 likes Michael Mayer ‏ @mikemayerMMO 12h12 hours ago The St. Louis Cardinals will pay Matt Holliday $1.4 million on July 15th every year from 2020 to 2029. 1 reply 27 retweets 39 likes Michael Mayer ‏ @mikemayerMMO 12h12 hours ago The Baltimore Orioles will give Chris Davis 15 deferred payments, $3.5 million annually in 2023 through 2032 and $1.4 million annually in 2033 through 2037. 9 replies 42 retweets 72 likes Michael Mayer ‏ @mikemayerMMO 12h12 hours ago The Los Angeles Angels agreed to pay Albert Pujols $10 million over 10 years in a personal-services contract that begins upon retirement or once his contract expires. 1 reply 16 retweets 33 likes Michael Mayer ‏ @mikemayerMMO 12h12 hours ago The Detroit Tigers agreed to pay Gary Sheffield $12.5 million in deferred money with 3 percent interest back in 2009, the final payment comes in 2019. Sheffield also received an undisclosed amount from the Yankees in deferred payments. 2 replies 16 retweets 31 likes Michael Mayer ‏ @mikemayerMMO 12h12 hours ago The New York Mets give Johan Santana a deferred payment of $5.5 this year and that continues through 2020. 1 reply 13 retweets 28 likes Michael Mayer ‏ @mikemayerMMO 11h11 hours ago The Boston Red Sox will give Manny Ramirez a deferment payment of $2,003,389 this year and will continue with that annual payment through 2026 at 2.5 percent interest. 2 replies 27 retweets 41 likes Michael Mayer ‏ @mikemayerMMO 11h11 hours ago The New York Mets will cut a check for $1,193,248.20 to Bobby Bonilla today and will continue that annually through 2035. 4 replies 25 retweets 58 likes Michael Mayer ‏ @mikemayerMMO 11h11 hours ago Bobby Bonilla also gets a second deferred payment of $500k every year that is split evenly between the Baltimore Orioles and New York Mets. 2 replies 20 retweets 29 likes Michael Mayer ‏ @mikemayerMMO 11h11 hours ago Before the Bobby Bonillia deferred deal, the Mets deferred 40 percent of Darryl Strawberry's 1990 salary of $1.8 million at a 5.1 percent interest rate to be paid from 2004-2033. That payment was later sold by the IRS to the highest bidder in 2015. 4 replies 25 retweets 44 likes Michael Mayer ‏ @mikemayerMMO 11h11 hours ago The Atlanta Braves are still paying Bruce Sutter $1.12 million a year in a deferred payment through 2021 and he will also receive a final balloon payment of $9.1 million. 7 replies 23 retweets 52 likes Michael Mayer ‏ @mikemayerMMO 10h10 hours ago The Seattle Mariners have a deferred payment set up with Ichiro. $25 million at 5.5 percent interest in annual installments each Jan. 30 starting with the year after his retirement from the major leagues up until at least 2032.

Bonilla's is the funniest.

Was waiting for this annual joke to surface here

This is actually quite common around the league. Do we really need to invent more things to kill the Mets on?

the fact that deferring Bonilla's $5M allowed the team to sign Hampton, and then let Hampton go in FA and draft Wright.

While a punchline to those who don't really understand it, the Bonilla deferment was actually one of the better moves the Mets franchise has made.

the downside of it is obviously they were counting on continuing to get the rates of return on their investments that they got before he was busted. Even with less return on their investments it's not that bad a move and when you consider the options it provided it's a good move.

returns with Madoff above.

keep getting checks for years and years so they could not piss it away - except Strawberry.

The decision was smart for the Mets. Properly invested (not with Madoff, but that wasn't the GM's fault) they would have come out way ahead. It was a good idea for Bonilla only because it saved him from his own profligacy.

The Sutter deal assumed a 12 percent rate of return, which was crazy even when it was concluded, and envisions a lump sum at the end. That deal is much, much dumber for the franchise, but people prefer to laugh at the Mets.

He�d be way ahead of these annual payouts.

In comment 14003710 Oscar said:

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He�d be way ahead of these annual payouts.

Maybe or he would have lost a third of it in the 2008 crash.

In comment 14003692 Dunedin81 said:

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The decision was smart for the Mets. Properly invested (not with Madoff, but that wasn't the GM's fault) they would have come out way ahead. It was a good idea for Bonilla only because it saved him from his own profligacy. The Sutter deal assumed a 12 percent rate of return, which was crazy even when it was concluded, and envisions a lump sum at the end. That deal is much, much dumber for the franchise, but people prefer to laugh at the Mets.

Thanks for adding a new word to my vocabulary. I can say with fairly strong certainty that I have never heard or read that word before now in my entire life. Looked it up just now.

Profligacy Proligacy Profligacy Profligacy...locked it in...well done!

.

the Mets bought almost 20 years ago. This is a tired non-story. For those who complain about Mets being cheap, they used the money they saved to pay Mike Hampton, who helped them get to the WS. Win-win, as far as I'm concerned.

even after knowing why the payment was deferred. It will always be funny.

And dont know the time value of money

Not nearly the big deal some make it out to be. They deferred $5.9 mil from 2000 thru 2011 and amortized the payment over the next 25 years @ 7%.

7% is high today, but not outrageous back then.

In comment 14004198 Section331 said:

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the Mets bought almost 20 years ago. This is a tired non-story. For those who complain about Mets being cheap, they used the money they saved to pay Mike Hampton, who helped them get to the WS. Win-win, as far as I'm concerned.

There�s no annuity. It was all based on Madoff, who was providing a consistent 10% return per year. From their perspective, deferring the salary @ 7% return to Bonilla was a net 3% return to them. And it was �� for awhile.

it was a sound financial decision at the time.

Sutter, by contrast, is getting 12% interest AND a lump sum principle payment at the end. THAT is insane.

At all the defenders of this shit move. And the new trending excuse for it.

They got mike Hampton bc of this? Since when was there a salary cap in baseball? David Wright was drafted bc the Coupons decided to pay a player for 25 years....who barely saw the field.

If Bernie Madoff didn�t get caught this would have been the deal of the century....Jesus Christ. .

It was a crap move by a crap organization. I wish I was born a Yankees fan or a red Sox fan.

Ok off for my morning bike ride, maybe it�s just early and i�m Cranky.

1) This was Bonilla's idea (or his agent/manager) to save him from himself. It forewent a lot of money up front for more money in the form of much smaller annual payments.

2)Mets kwnership went along because under l ther circumstances, they stood to make a little money also. They just happened to have made a bad invesfment decision that blew up in the form of Madoff.

3) Cap or not, this absolutely freed them up for FA pursuits like Hampton. Had they paid Bonilla his full salary on schedule, they very likely spend less on FA. That is how they run their team.

every year people come on here (and elsewhere) making comments about this being an example of the Mets as a laughingstock. And also deriding Bonilla for being paid to not play. Both are just not true. The Mets actually benecitted from this deal and would have benefitted more if the money was invested wisely. Bonilla just made a sound decision to support himself and his family after his career.

Are giving out deferred compensation like candy. A combined $35mil/year for six years down the road ffor Scherzer and Strasburg. $10mil for Zimmerman for �personal services.�

In comment 14005315 Pete in MD said:

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Are giving out deferred compensation like candy. A combined $35mil/year for six years down the road ffor Scherzer and Strasburg. $10mil for Zimmerman for �personal services.�

It's a ploy by Boras that the Nats are happy to oblige. He gets to report all of this deferred money as part of the contract value, because technically it is. "Record setting Boras contracts!" But if you're getting $10 mil 10 years after you stop playing it's worth a lot less now than getting $10 mil up front, both because of anticipated inflation and opportunity cost, namely the return one could expect on the money invested at a reasonable rate of return.

In comment 14005309 Matt M. said:

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1) This was Bonilla's idea (or his agent/manager) to save him from himself. It forewent a lot of money up front for more money in the form of much smaller annual payments. 2)Mets kwnership went along because under l ther circumstances, they stood to make a little money also. They just happened to have made a bad invesfment decision that blew up in the form of Madoff. 3) Cap or not, this absolutely freed them up for FA pursuits like Hampton. Had they paid Bonilla his full salary on schedule, they very likely spend less on FA. That is how they run their team.

Bonilla could've taken the money and invested it with better returns. But this allows him a guaranteed and sustained level of lifestyle, without people stealing from/swindling him.

These 2 in particular, but they have several others as well:

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The Washington Nationals have deferred payments with Stephen Strasburg of $10 million installments each July 1 starting in 2024 through 2030. (These payments can change according to opt-outs). 2 replies 34 retweets 50 likes Michael Mayer ‏ @mikemayerMMO 13h13 hours ago The Washington Nationals agreed to give Max Scherzer deferred payments of $15 million each July 1 from 2022 to 2028. 2 replies 33 retweets 70 likes Michael Mayer ‏ @mikemayerMMO 13h13 hours ago

So from 2024-2028, they're going to be paying Scherzer/Strasburg a combined $25M in deferred payments?