Happy Bobby Bonilla Day.

Happy Bobby Bonilla Day. Jul 1, 2021 22:08:15 GMT klawrencio79 likes this

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Post by ThreeSticks on Jul 1, 2021 22:08:15 GMT

Jul 1, 2021 21:47:39 GMT klawrencio79 said:

Jul 1, 2021 21:44:08 GMT ThreeSticks said:

I've been beating the Sutter drum for years. It's arguably the greatest negotiated player contract ever signed in any sport.

This year is Sutter's last interest payment. Next year, he will receive the $9.1 million principle.

Yup, and that's why it always amuses me when people try to wield Bonilla's deal as some sort of outlier when it's not nearly as uncommon as people think. Plus, deferred money can be quite beneficial for the teams when you factor in the time value of money. Frankly, if the Mets didn't get hosed on Madoff (which is another story), they could have used a tiny piece of (projected) those returns to pay Bonilla without dipping into their own pockets. It practically would have been free.

AND it works out great for the players if they're willing to do that.

Another thing that gets lost in the Bonilla hoopla. Bonilla's situation is the result of a buyout. It was not a feature the contract.

Also missed is that Bonilla only got league minimum from Atlanta and St Louis in 2000 & 2001. He didn't see a penny of the deferred money until 2011. That's 10 years of pension only.