Same here. I hate when people bitch about athletes getting paid so much. They’re the one worker’s union who’ve managed to get their due. I’d rather see the talent get the money than the wealthy owners.
I got to see that when I was just turned 4 at the time. I barely remember it, but I do recall the time I hit some guy in the leg with my wooden bat on accident and got lost in a sea of Bucs fans. Then later that night me and my brother were playing baseball in the house and I threw a pitch that went hey wire and broke the big screen TV. My mom and dad were pissed!
When I teach net present value, I use Bonillas contract as an example. Its a brilliant idea for both sides, actually. Assuming the Mets invested the money wisely. Remember they didnt pay him anything for ten years!
Bonilla was smart enough to take the money, in time, with interest. Most people would take the larger payoff. Including me. After watching this I will TRY to think it through if the opportunity ever comes. Well done Mr. Bobby Bonilla. If I ever win the lottery I probably won't listen, but I might think about it because of you!!!
I have the same scenerario at my job.. i have deferred comp at my job in which i chose to take less pay at 28% of my paycheck. I'm taking in less money now bUt i live frugally.. in 20yrs I'm gonna b like Bobby Bo.. I'm JUst gonna wait, sit down n 😊.
What made the deal so terrible was the fact that Bonilla turned out to be a cancer on the organization. He's not the first player who didn't live up to a contract, but at least other busts actually TRIED to give teams their money's worth. He didn't give a fuck, and couldn't be bothered to do the bare minimum, which was to not be a negative source of news for the Mets.
Maybe. But if he was even a semi-shrewd investor, he would have been able to make MORE money himself. It was just 8% interest. The stock market increased by more than that on average. And if he was a tech investor and decided to put all that money on Amazon, Google and/or Apple, he could have paid himself TWICE as much money as the Mets are paying him. Pretty much for the rest of his life...not just 25 years.
The funniest part of your dumbass comment is that your whole "defense" of the Wilpons is "Why would they do be it?" Why would ANY dishonest person do it? Again, please just admit that you don't understand Ponzi Schemes. Tell me you think Madoff literally took everybody's money and see it in his mattress. Because sorry little uneducated bit, the fact that the Wilpons invested do much money is actually a plus for MY side. You DO realize that Madoff himself invested a lot of money into the scheme right? The ones in on it HAVE to to both keep up appearances and to sucker more people in on it. The fact that they "gave" him so much money in no way shoes that they are innoncent any more than the fact thatadoff interested lots of money shows HIS innocence. And again, it is basking that this is apparently the first time you have ever seen this allegation. Lots of people have questions their involvement ever since it was revealed that they had "fallen" for an earlier one, and like this one, they knew the guy and got in early enough to make money. And hell...THIS contract suggests they knew. You don't make this deal unless you KNOW you have guaranteed higher than 8% interest returns coming from Madoff. And the only way to know for sure is to be in on it with your longtime buddy Bernie. If anyone with a brain (sorry to exclude you) has learned anything from following the Mets for the last 3 decades, it is that the Wilpons are NOT risk takers.
Pone...don't post when you are ignorant. Again..you worthless embarrassments to your family seem to think that I am the first one to come up with this theory. MANY people have suggested it. The Wilpons have a LONNNNNNG history of shady deals, including the one that was announced today that is costing the Mets their savior owner. Them trying to change the terms of deals that were agreed upon long ago. And only a fucking IDIOT gets fooled not once, but TWICE by CLOSE FRIENDS in Ponzi Schemes. Whereas, getting involved in Ponzi Schemes early to make money with your friends is EXACTLY the kind of thing they have shown they would do. Just because Vinny is a fucking idiot who doesn't understand how Ponzi Schemes work doesn't mean you should embarrass yourself too. Fucking hell...the prosecutor Picard all but came out and ACCUSED them to being in on it. And during the investigation, the Wilpons were caught in quite a few lies. Which is why he sought close to a billion dollars from them. So seriously...don't embarrass yourself by talking about something you know NOTHING about. You clearly haven't read a single think on the Wilpon/Madoff connection. So, be a good little boy and let the adults talk. So I will now tell you and Vinny the same thing your parents told you on your 15th birthday. I don't give a fuck that you are alive, so I will pretend you aren't.
@Vincent Cuttolo 80% may not be the most accurate percentage but he isn't lying. From any sport close to 40% (guess) of athletes go bankrupt several year into their post-careers. Might wanna calm down on your tantrum
When free agents are signed there are no guarantees other then the money . The money a team makes if they win just one world series would cover thier payroll for years.
If the mets stuck the money saved in the S&P 500, how would they fare? You must compare the amount paid to Bobby Bonilla to this amount to decide if it was a good/bad deal.
Well, originally, they made far more than the 8% interest. It was a GENIUS move from their point of view. They knew their close buddy Bernie Madoff had a new investment plan. And even though the Wilpons had ALREADY been "scammed" by a good friend years earlier and were "victims" of another Ponzi Scheme, the went in with their friend Bernie. Well...I guess calling them victims was a stretch. Both times, since they WERE friends with the scammer, they were one of the first people investing (many people say they were in on it) and therefore, they made lots of money. It only became a bad deal when Bernie got caught and all the early investors who made money had to pay it back.
u mama As we know, Bonds’ physical stature and accompanying approach “evolved” thereafter. I was fortunate to see him and a number of future greats playing against the Bulls in the old Class A park in Durham. Strawberry, Dykstra, Gooden, and Chipper Jones a bit later, were some of the others. As a Pirates fan since ‘60, that interest added to knowing of Bonds’ obvious link with father and thus Say Hey himself. His warming up in the circle with a sledge hammer, his expressionless demeanor, and his terrifically hard line drives were all trademarks.
Right, because so many of us will be signing million dollar deferred contacts at 8% ... What they SHOULD do is teach these kids about student loan debt, retirement planning, long term care, etc ... Stuff 99% of em are gonna actually use in life.
This would have been all right if Bonilla was productive and appreciated during his Met's tenure -- even, lo and behold -- the second subsequent opportunity. Obviously, the Mets need to learn: "Fool me once, shame on you. Fool me twice, shame on me!" The Mets were a house that shame built. Why was he allow to come back anyway? Why did the Mets agree to this deal in the first place? Did they not have a bona fide accountant?
i always liked bobby. he had a helluva dracula-lookin', genius agent who brokered the deal! hey, bobby, live yo' life and fuck'em if they can't take a joke!
Not only are they owned by ESPN...it isn't as if ESPN was the first to talk about this. They always like to take credit for stories that hey get from other sources.
The New York Mets were huge investors with Bernie madeoff so that’s what allowed them to think that they could save money by paying Bobby Bonilla later but the Mets lost and Bobby won.
so thats the mets problem why they spend no money ever because of bobby and madoff thats why the mets are a horrible runied team and will never win a world series good luck and signing elite superstars they never go the extra mile
No...The Wilpons MADE money in the scam. They were great friends with Madoff and likely in on the scam. They only lost out when Madoff got caught and they had to pay it back. Hadthat not happened, the Wilpons would ahve made out like bandits in this Bonilla deal. And Bonilla could have made far more money had he NOT taken the deal and invested in in the upcoming tech stocks of the time. Like Google and Amazon. If he had split his money between those two company as soon as he got paid, he would be able to pay himself twice as much money as the Mets are giving him. And FOREVER. Not just for 25 years.
How the hell can you call a group of matches called "World Series" WITHOUT ONE international team playing??? sounds like the trump marketing team thought this scam up???
Everything's President Trumps fault. Brilliant observation. And last time I checked, Toronto was in Canada and some of the best players in MLB are Hispanic or Asian.
The Mets and Bonilla deserve each other.......they're BOTH Sorry......sure the Mets got Hampton and Wright, good players, but no HOFamers, and Yes, they went to 2 World Series, and lost BOTH.......lm so glad that while growing up in North Jersey, l NEVER became a Mets fan
I’m from the uk and can’t get my head around these clowns get paid :regardless how much,the fact they get paid at all to play rounders is mind blowing,in the uk this is a game played by girls & people who can’t play anything else:
That's because people in the UK are weak and have poor hand/eye coordination. You couldn't hit a 60 mph fastball with a boat oar. Much less 98 mph with a round bat.
This is just scratching the surface when dealing with the Wilpons. Staunch democrat supporters! Just ask Bernie how he madeoff with their money.. Bonilla didn't spend but maybe 4 years with the Mets. I remember it as if it were yesterday. I know that there is a new owner looming but, time will tell even with the new owner. The Mets have ruined so many potential championship ball clubs in the past during the offseason. You've heard of the old expression 'leaving it out on the field'? Well with the Mets it's always 'they left it at the office' and while on their way 'throwing it under the bus'.
It feels good when you beat the establishment at their own game. This was a credit card type purchase on a grand scale, and BobbyB is the bank.
Same here. I hate when people bitch about athletes getting paid so much. They’re the one worker’s union who’ve managed to get their due. I’d rather see the talent get the money than the wealthy owners.
The Mets were playing checkers, Bonilla was playing chess ♟
His agent was yes!
Remember that Pirates Outfield back in the the day - Bonds, Van Slyke, Bonilla
When I used to watch them play at 3 rivers.
So great.
I got to see that when I was just turned 4 at the time. I barely remember it, but I do recall the time I hit some guy in the leg with my wooden bat on accident and got lost in a sea of Bucs fans. Then later that night me and my brother were playing baseball in the house and I threw a pitch that went hey wire and broke the big screen TV. My mom and dad were pissed!
Yep, Sid Bream sure does. ).
Bobby went there to get paid and got his money..home run and well done Bobby.
Home run? This is more like hitting a Grand Slam on four at bats.
"Everything is always a gamble when you take chances" -Bobby Bonilla
"If you see a fork in the road, take it" Yogi Berra
💯 Exactly !! Madoff should asked Bobby Bo for advice 😂😂
When I teach net present value, I use Bonillas contract as an example. Its a brilliant idea for both sides, actually. Assuming the Mets invested the money wisely. Remember they didnt pay him anything for ten years!
Bonilla was smart enough to take the money, in time, with interest. Most people would take the larger payoff. Including me. After watching this I will TRY to think it through if the opportunity ever comes. Well done Mr. Bobby Bonilla. If I ever win the lottery I probably won't listen, but I might think about it because of you!!!
Take the lotto money in time. Not the cash optipn. You do not pay as much tax. No state tax.
I have the same scenerario at my job.. i have deferred comp at my job in which i chose to take less pay at 28% of my paycheck. I'm taking in less money now bUt i live frugally.. in 20yrs I'm gonna b like Bobby Bo.. I'm JUst gonna wait, sit down n 😊.
Had he taken the money up front, he could have invested it himself and made far more money than the Mets are paying him. 8% is EASY when you are rich.
Bobby's awesome! Enjoy your retirement! This whole story put a serious smile on my face.
What made the deal so terrible was the fact that Bonilla turned out to be a cancer on the organization.
He's not the first player who didn't live up to a contract, but at least other busts actually TRIED to give teams their money's worth. He didn't give a fuck, and couldn't be bothered to do the bare minimum, which was to not be a negative source of news for the Mets.
Just think if Steve Young's $40 million USFL contract had been structured with points!
Bobby Bo got his ring and his money.
He got it all.
I think it’s safe to say the problem was
The Mets. 😁
This video should have more views
Congratulations to Bonilla. 8% also!
Bobby bonilla needs to advertise hulu sports: get that.. money, money
Good contract for him.
Maybe. But if he was even a semi-shrewd investor, he would have been able to make MORE money himself. It was just 8% interest. The stock market increased by more than that on average. And if he was a tech investor and decided to put all that money on Amazon, Google and/or Apple, he could have paid himself TWICE as much money as the Mets are paying him. Pretty much for the rest of his life...not just 25 years.
The funniest part of your dumbass comment is that your whole "defense" of the Wilpons is "Why would they do be it?" Why would ANY dishonest person do it?
Again, please just admit that you don't understand Ponzi Schemes. Tell me you think Madoff literally took everybody's money and see it in his mattress. Because sorry little uneducated bit, the fact that the Wilpons invested do much money is actually a plus for MY side. You DO realize that Madoff himself invested a lot of money into the scheme right? The ones in on it HAVE to to both keep up appearances and to sucker more people in on it. The fact that they "gave" him so much money in no way shoes that they are innoncent any more than the fact thatadoff interested lots of money shows HIS innocence.
And again, it is basking that this is apparently the first time you have ever seen this allegation. Lots of people have questions their involvement ever since it was revealed that they had "fallen" for an earlier one, and like this one, they knew the guy and got in early enough to make money.
And hell...THIS contract suggests they knew. You don't make this deal unless you KNOW you have guaranteed higher than 8% interest returns coming from Madoff. And the only way to know for sure is to be in on it with your longtime buddy Bernie. If anyone with a brain (sorry to exclude you) has learned anything from following the Mets for the last 3 decades, it is that the Wilpons are NOT risk takers.
Pone...don't post when you are ignorant. Again..you worthless embarrassments to your family seem to think that I am the first one to come up with this theory. MANY people have suggested it. The Wilpons have a LONNNNNNG history of shady deals, including the one that was announced today that is costing the Mets their savior owner. Them trying to change the terms of deals that were agreed upon long ago. And only a fucking IDIOT gets fooled not once, but TWICE by CLOSE FRIENDS in Ponzi Schemes. Whereas, getting involved in Ponzi Schemes early to make money with your friends is EXACTLY the kind of thing they have shown they would do. Just because Vinny is a fucking idiot who doesn't understand how Ponzi Schemes work doesn't mean you should embarrass yourself too. Fucking hell...the prosecutor Picard all but came out and ACCUSED them to being in on it. And during the investigation, the Wilpons were caught in quite a few lies. Which is why he sought close to a billion dollars from them. So seriously...don't embarrass yourself by talking about something you know NOTHING about. You clearly haven't read a single think on the Wilpon/Madoff connection. So, be a good little boy and let the adults talk.
So I will now tell you and Vinny the same thing your parents told you on your 15th birthday. I don't give a fuck that you are alive, so I will pretend you aren't.
Man has a ring and the best retirement plan ever.
I'm envious quite frankly.
I'd like to know the name of that song that's playing towards the end....like a ukulele.
Every athlete should have some part of their earnings into a 25 year trust
What?
@@oldironsides4107 80% of athletes go broke on 5 to 10 years after retirement.
@Vincent Cuttolo www.forbes.com/sites/leighsteinberg/2015/02/09/5-reasons-why-80-of-retired-nfl-players-go-broke/
@Vincent Cuttolo I see you shut up.
@Vincent Cuttolo 80% may not be the most accurate percentage but he isn't lying. From any sport close to 40% (guess) of athletes go bankrupt several year into their post-careers. Might wanna calm down on your tantrum
When free agents are signed there are no guarantees other then the money . The money a team makes if they win just one world series would cover thier payroll for years.
Street fighter Voice......Perfecttt
bobby bonilla, jason bay, yoenis cespedes so many disastrous contracts in the mets organization
Mo Vaughn
The Mets are still paying him,go bobby
I sense an imminent youtube algorithm boom
Now that is a great addition to his MLB pension!
What are the other deferred contracts
If the mets stuck the money saved in the S&P 500, how would they fare? You must compare the amount paid to Bobby Bonilla to this amount to decide if it was a good/bad deal.
Bobby Bonilla was not the first athlete to get deferred compensation nor was this a foreign concept.
trkyrk Mario Lemeaux was owed so much money they just sold him the team when he bought the Pittsburgh Penguins!
Happy Bobby Bonilla Day!
When Bobby would come back to Pittsburgh with the Mets how we loved to boo him!!! Priceless!
I feel old. I saw Bonilla homer at 3 rivers.
As a Braves fan I would like to thank Bonilla.
Bruciphers Dungeon
Braves won how many series with THAT rotation? Uno, as you know.
Leave the Pirates be. They’ve got enough problems.
Peace Out.
UrinatingTree: Happy Bobby Bonilla day everyone!
I was a Pirates fan when he was there and I did not think much of him then
How nice for Bobby. It gave him a chance to make mistakes with his money and recover after. What a beautiful thing for him and his family.
so, does Bonilla get a ring for either NLCS win he was on the payroll for?
i think he did, but don't quote me.
Touche for Bobby Bonilla. Bad bad Mets.
The big question here is,how much money the Mets made out of that cash...
Well, originally, they made far more than the 8% interest. It was a GENIUS move from their point of view. They knew their close buddy Bernie Madoff had a new investment plan. And even though the Wilpons had ALREADY been "scammed" by a good friend years earlier and were "victims" of another Ponzi Scheme, the went in with their friend Bernie.
Well...I guess calling them victims was a stretch. Both times, since they WERE friends with the scammer, they were one of the first people investing (many people say they were in on it) and therefore, they made lots of money.
It only became a bad deal when Bernie got caught and all the early investors who made money had to pay it back.
He is awesome ! Pay the man ! Lol
Good for you Bobby. GFY Fred and Jeff.
there are few things stronger in this world than compound interest
One dude got over and now its such a big freaking deal....c'mon these owners have money to burn
Not the point. Bobby Bonilla was a lazy peace of shit.
@@joesoto690 *Piece
Didn't he play on the pirates back in the day with bonds ?
killer b's
chuck dillon
Bonds he was looking forward to playing golf vs winning the playoff series they were currently in. As bad as that sounds, ‘‘tis true.
u mama
As we know, Bonds’ physical stature and accompanying approach “evolved” thereafter. I was fortunate to see him and a number of future greats playing against the Bulls in the old Class A park in Durham. Strawberry, Dykstra, Gooden, and Chipper Jones a bit later, were some of the others. As a Pirates fan since ‘60, that interest added to knowing of Bonds’ obvious link with father and thus Say Hey himself. His warming up in the circle with a sledge hammer, his expressionless demeanor, and his terrifically hard line drives were all trademarks.
Bobby Bo is winning! Hes set for life off of the bozo Mets.😂😂😂😂🤭
You can tel in the interviews he gave that be knew this was a great idea :)
Is mike trouts contract deferred?
This needs to be shown in every economic college course in america
Right, because so many of us will be signing million dollar deferred contacts at 8% ... What they SHOULD do is teach these kids about student loan debt, retirement planning, long term care, etc ... Stuff 99% of em are gonna actually use in life.
@@topspot4834 "planning, long term"
This would have been all right if Bonilla was productive and appreciated during his Met's tenure -- even, lo and behold -- the second subsequent opportunity. Obviously, the Mets need to learn: "Fool me once, shame on you. Fool me twice, shame on me!" The Mets were a house that shame built. Why was he allow to come back anyway? Why did the Mets agree to this deal in the first place? Did they not have a bona fide accountant?
Bonilla said everything is a gamble when you take chances. That's hilarious 😂🤣😅🤣
He wasn't a money player. In the big games, he did nothing in Pittsburgh.
But if Bobby Bonilla would've gotten paid in full back in 2011, and took that money and invested all of it in Bitcoin 🤔
He'd be a trillionaire?
@M Detlef - Bitcoin crushed the returns that Amazon and Apple had millions fold.
Make yo move. Make yo move
Brilliant!
That’s a great way to get paid rich and stay rich
It was worth it.
i always liked bobby. he had a helluva dracula-lookin', genius agent who brokered the deal! hey, bobby, live yo' life and fuck'em if they can't take a joke!
Imagine if he Bonilla tries tokenizing this using cryptocurrency.
This isn't fair to Bonilla....there are plenty of other players getting more for their money after leaving the team.
No wonder my Bobby bonilla rookie card still isn't worth a fuck... 😪
I'm influenced by Bobby bonilla's deal....
I deferred my 401k and roth Ira to the max!
Bobby Big Bucks
must be the shoes bobby!
Steve Phillips was to blame
Proof that we can't even win off of the field.
Are you kidding me, this is the years the Twins are paying Jose Donaldson 23 mil a yr for 4 yrs, all the best to Bobby and screw the Mets.
When did Josh Donaldson become Jose? Did he have a culture transplant?
Valid until July 1,2035
Genius
This is a rip off of ESPN from 2017
We made this when we were owned by ESPN.
@@fivethirtyeight I was unaware of that. My apologizes
Not only are they owned by ESPN...it isn't as if ESPN was the first to talk about this. They always like to take credit for stories that hey get from other sources.
He is still getting paid
mo money mo money mo money !
Nothing like you demand getting paid shit tons of money for nothing.
Cool
Good for you, f the Mets! Lol, what a genius contact!
Crazy he got away with this
It was the most who asked him. Who is gonna say no?
thank god I'm not a mets fan
The New York Mets were huge investors with Bernie madeoff so that’s what allowed them to think that they could save money by paying Bobby Bonilla later but the Mets lost and Bobby won.
so thats the mets problem why they spend no money ever because of bobby and madoff thats why the mets are a horrible runied team and will never win a world series good luck and signing elite superstars they never go the extra mile
Bobby Bonehead made out like a bandit
Kinda looks like cam Newton
😂
he knows it too SCUM BAG
It looks like Bernie ... made off .... with the Mets money :) lol
No...The Wilpons MADE money in the scam. They were great friends with Madoff and likely in on the scam. They only lost out when Madoff got caught and they had to pay it back. Hadthat not happened, the Wilpons would ahve made out like bandits in this Bonilla deal.
And Bonilla could have made far more money had he NOT taken the deal and invested in in the upcoming tech stocks of the time. Like Google and Amazon. If he had split his money between those two company as soon as he got paid, he would be able to pay himself twice as much money as the Mets are giving him. And FOREVER. Not just for 25 years.
Again... Learn how Ponzi Scheme work before embarrassing yourself and your family again, Vinnie.
that gets a big F You, Bonilla.
Mets has Billions what's the Problem here He beat them at their own game hahaha!!
How the hell can you call a group of matches called "World Series" WITHOUT ONE international team playing???
sounds like the trump marketing team thought this scam up???
This is America. The rest of the world doesn't matter.
Everything's President Trumps fault. Brilliant observation. And last time I checked, Toronto was in Canada and some of the best players in MLB are Hispanic or Asian.
wow.... Hate him even more now
Tax payers pay for it anyways thy don't care
bobby bonilla is the biggest piece of shit in baseball ever
Baseball sucks. Miggy cabrera contract is suffocating the tigers 🐅
The Mets and Bonilla deserve each other.......they're BOTH Sorry......sure the Mets got Hampton and Wright, good players, but no HOFamers, and Yes, they went to 2 World Series, and lost BOTH.......lm so glad that while growing up in North Jersey, l NEVER became a Mets fan
I’m from the uk and can’t get my head around these clowns get paid :regardless how much,the fact they get paid at all to play rounders is mind blowing,in the uk this is a game played by girls & people who can’t play anything else:
That's because people in the UK are weak and have poor hand/eye coordination. You couldn't hit a 60 mph fastball with a boat oar. Much less 98 mph with a round bat.
This is just scratching the surface when dealing with the Wilpons. Staunch democrat supporters! Just ask Bernie how he madeoff with their money.. Bonilla didn't spend but maybe 4 years with the Mets. I remember it as if it were yesterday. I know that there is a new owner looming but, time will tell even with the new owner. The Mets have ruined so many potential championship ball clubs in the past during the offseason. You've heard of the old expression 'leaving it out on the field'? Well with the Mets it's always 'they left it at the office' and while on their way 'throwing it under the bus'.
Great contract. It’s what they should’ve done with Reyes
UrinatingTree: Happy Bobby Bonilla day everyone!