Today is July 1st, or as Mets fans call it, Bobby Bonilla gets paid 1.2 million day

[edjr 6,592]

2 minutes ago, Reality said:

Still this.

I remember how much you didn't like me at one point

[lod001 1,344]

Bonilla took them to the cleaners. Good for him.

[titans&bucs&bearsohmy! 2,745]

35 minutes ago, Reality said:

Still this.

Nah. If he had gotten 60% of that back then and invested even remotely wisely, he'd probably be ahead by now. 

[Reality 3,121]

33 minutes ago, edjr said:

I remember how much you didn't like me at one point

You've grown on me.. 

[edjr 6,592]

12 minutes ago, Reality said:

You've grown on me.. 

Like that boil on my ass.

[Big Blue 06 195]

Father in law is a life long mets fan.  Every year on this day, I text him the family guy mets fan clip. 

[Mike Honcho 5,281]

He's a bargain this year!

[frank 2,306]

2 hours ago, Mike Honcho said:

He's a bargain this year!

Zero strikeouts. 

[edjr 6,592]

1 minute ago, frank said:

Zero strikeouts. 

0 hits

[Mike Honcho 5,281]

2 hours ago, edjr said:

0 hits

Tied for the league lead!

[posty 2,700]

There are a lot of deferred payments going on, just not Bonilla...

Go to this twitter thread and take a look:

https://twitter.com/mikemayerMMO/status/1278277655553609728

[Cloaca du jour 2,150]

Madoff was the root of problem for mets

[Drizzay 722]

The only thing worse than the contract is having to listen to everyone talk about it this day for the next 15 years. 

[edjr 6,592]

17 hours ago, posty said:

There are a lot of deferred payments going on, just not Bonilla...

Go to this twitter thread and take a look:

https://twitter.com/mikemayerMMO/status/1278277655553609728

It's like Barry Bonds, no one else cares who did steroids but him

[cmh6476 1,025]

 

[edjr 6,592]

On 2/20/2021 at 3:06 PM, cmh6476 said:

 

[posty 2,700]

Bobby getting ready to refresh his app waiting for this year’s payment...

[Hardcore troubadour 15,433]

14 minutes ago, posty said:

Bobby getting ready to refresh his app waiting for this year’s payment...

This is Edjr’s thing. Get your own material you unoriginal hack. 

[Mike Isles 583]

1 hour ago, posty said:

Bobby getting ready to refresh his app waiting for this year’s payment...

IDK. Mets official Twitter account tweeted big announcement tomorrow with BB’s image. Maybe Cohen pays it off with interest ?

[posty 2,700]

1 hour ago, Mike Isles said:

IDK. Mets official Twitter account tweeted big announcement tomorrow with BB’s image. Maybe Cohen pays it off with interest ?

Now that would be interesting...

[dain11279 976]

Death, taxes and the Mets playing Bonilla

[Mike Isles 583]

6 hours ago, posty said:

Now that would be interesting...

 

[dain11279 976]

9 hours ago, Hardcore troubadour said:

This is Edjr’s thing. Get your own material you unoriginal hack. 

It's his thread but I've bumped it the past 3 or 4 years

[edjr 6,592]

1 hour ago, Mike Isles said:

 

[edjr 6,592]

2 hours ago, dain11279 said:

Death, taxes and the Mets playing Bonilla

have the mets retired Cuddyer's number yet?

[RLLD 4,230]

[edjr 6,592]

If Bonilla took this to his bank, would they let him pay his mortgage once a year, instead of monthly?

[MedStudent 56]

On 7/1/2015 at 9:12 AM, KSB2424 said:

Deferred compensation. It's like taking the annuity over the lump sum if you win the lottery. Meh.

Bonilla got a guaranteed no risk 8% interest. That's a pretty sweet rate. The stock market carries a risk. He was getting 8% during the financial crisis. The Mets deferred 5.9 million over 24 years and it will end up totally 29.8 million. Why did the Wilpon's do it? Because they thought they were getting 15% interest on investments with Bernie Madoff. That didn't work out too good.  Deal Winner=Bonilla   Loser=Mets.  

[Cloaca du jour 2,150]

Its my Money and I need it now...call JG wentworth

[posty 2,700]

https://www.cbssports.com/mlb/news/july-1-is-bobby-bonilla-day-why-mets-still-owe-former-all-star-1-19-million-a-year-until-hes-72/

Some of these have been mentioned before:

Bonilla's deferred salary with the Mets is the most famous July 1 payment in baseball, hands down, but it is not the only July 1 payment in the game. In fact, Bonilla himself has a second deferred salary agreement with the Orioles. Baltimore owes him $500,000 a year from 2004-28. July 1 is a good day in the Bonilla household.

Here are a few other notable deferred salary payment plans:

• The Braves have paid Hall of Fame closer Bruce Sutter roughly $1.2 million each year since 1991. This year is the final year of Sutter's deferred salary plan. The team also owes him a $9.1 million lump sum payment in 2022. 
• The Reds have paid Ken Griffey Jr. approximately $3.6 million each year since 2009 and his last payment comes in 2021.
• The Red Sox have paid Manny Ramirez approximately $2 million each year since 2011 and will continue to do so through 2026.
• The White Sox have paid Paul Konerko $1 million each year since 2014 and his last payment comes this year.
• The Mets have paid Bret Saberhagen $250,000 each year since 2004 and will continue to do so through 2028.
• The Nationals tend to load up their largest contracts with salary deferrals. They're paying Rafael Soriano roughly $2 million annually through 2024, Max Scherzer is owed $15 million a year from 2022-28, and Stephen Strasburg has approximately $114 million in deferred salary coming to him through 2029. 

[Mike Isles 583]

This was the “big announcement”
 

https://www.mlb.com/news/celebrate-bobby-bonilla-day-with-mets-airbnb

[posty 2,700]

4 minutes ago, Mike Isles said:

This was the “big announcement”
 

https://www.mlb.com/news/celebrate-bobby-bonilla-day-with-mets-airbnb

That was certainly disappointing...

[bostonlager 2,665]

4 hours ago, Cloaca du jour said:

Its my Money and I need it now...call JG wentworth

That jingle is worse than Kars for Kids. 

[dain11279 976]

[edjr 6,592]

2 hours ago, dain11279 said:

 

[Mike Honcho 5,281]

 

[Cdub100 3,908]

Remember when 1.2 Million was actually worth something?

[edjr 6,592]

26 minutes ago, Cdub100 said:

Remember when 1.2 Million was actually worth something?

Remember when Bitcoin was worth something?

[Bert 1,128]

2 hours ago, edjr said:

Remember when Bitcoin was worth something?

Very nice.  Bernie Madoff is seriously jealous of this Bitcoin scheme. 

[Cdub100 3,908]

2 hours ago, edjr said:

Remember when Bitcoin was worth something?

Yeah those were the times.