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2021 MLB Regular Season thread

Discussion in 'Sports and News' started by Splendid Splinter, Feb 17, 2021.

Page 147 of 287
  1. Baron Scicluna

    Baron Scicluna Well-Known Member

    Mint Mobile just did a commercial for a 25-year phone plan … with Bobby Bonilla. Multiple jokes during the commercial too.
     
    Baron Scicluna, Jul 1, 2021
    #1753
  2. Songbird

    Songbird Well-Known Member

     
    Songbird, Jul 1, 2021
    #1754
  3. qtlaw

    qtlaw Well-Known Member

    Have to consider that Bonilla forwent ANY $$ for 11 yrs from 2000-2011 so it’s not like he got a bonanza, he lost use of the $$ for that time (at 8% APR).
     
    qtlaw, Jul 2, 2021
    #1755
  4. The Big Ragu

    The Big Ragu Moderator Staff Member

    I think it was a "bonanza." He had a very large contract that wasn't even close to justified by his performance on the field. And the deferred payout stems from the Mets wanting to get rid of him and buy out the remaining $5.9 mil on the contract.

    The Mets ownership was cash strapped, so they were looking to defer having to pay him what he was still owed. And he got the better of an annuity on the money. He had leverage, the Mets ownership was shortsighted, and whoever negotiated this for Bonilla did him well.

    8 percent annualized looks particularly good now because the Fed has had their overnight interest rate artificially pinned at 0 percent for most of the time he has been getting his payouts, and savers have gotten killed by it. His risk-free return on the $5.9 million would be about 1 percent annualized, even less than that during several years he has gotten an 8 percent return. ... not even enough to keep up with the real inflation rate. Instead, he is getting a risk-free 8 percent return. Others who are getting returns like that have to take on an outsized level of risk (whether they realize it or not).

    If he had been a star player for the last years of that contract that they are still paying off, people might not look at the structure of what he got and think he is the luckiest scrub ever. But he hung on into his late 30s and wasn't very good. When he played during those last several years, he wasn't worth anywhere near the contract he had negotiated. And when the Mets no longer wanted him even playing, he made out really good on a payout to get rid of him. Getting $5.9 million to just go away would have made him lucky. But he leveraged it into even more than that.
     
    The Big Ragu, Jul 2, 2021
    #1756
    maumann likes this.
  5. goalmouth

    goalmouth Well-Known Member

    Judge named to All-Star team, said he'd only go if he could have a rest day.
     
    goalmouth, Jul 2, 2021
    #1757
  6. The Big Ragu

    The Big Ragu Moderator Staff Member

    Wasn't that June for him?

    I'm a Yankees fan. ... and he honestly wasn't that bad. But ...
     
    The Big Ragu, Jul 2, 2021
    #1758
  7. mpcincal

    mpcincal Well-Known Member

    I missed that thread on the Journalism board, which is why your comment went over my head.
    I went back to check out that exchange, and I shared the same opinion with Chris; I was pretty ticked off and looked into canceling my subscription, but then saw they already reupped me for a year back in February.
     
    mpcincal, Jul 2, 2021
    #1759
    ChrisLong and Songbird like this.
  8. Starman

    Starman Well-Known Member

    No MLB franchise owner is "cash-strapped."
    They're fuckin billionaires. They could have paid 50 Bonillas if they wanted to.
     
    Starman, Jul 2, 2021
    #1760
    bumpy mcgee likes this.
  9. The Big Ragu

    The Big Ragu Moderator Staff Member

    This was Fred Wilpon after Bernie Madoff made him worry that he'd have to take out some serious loans to keep his jet in the air.
     
    The Big Ragu, Jul 2, 2021
    #1761
  10. heyabbott

    heyabbott Well-Known Member

    Without injections of money from ownership and borrowing against unrealized appreciation of the value of the franchise, do the bottom half of teams turn a good profit? And by a good profit I mean a 7-9% profit:revenue.
     
    heyabbott, Jul 2, 2021
    #1762
  11. goalmouth

    goalmouth Well-Known Member

    Actually he has played the most games of any Yankee this season.
     
    goalmouth, Jul 2, 2021
    #1763
  12. The Big Ragu

    The Big Ragu Moderator Staff Member

    I was commenting on how he's played, not the fact that he has managed to keep his tissue paper body on the field. :)
     
    The Big Ragu, Jul 2, 2021
    #1764
    maumann and dixiehack like this.
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