Tuesday, May 1, 2012

HOLY SHIT - did you guys know about this ????

Bobby Bonilla retired in 2001, but in July 2011, the New York Mets began shelling out for a deferred portion of the former slugger's contract that will pay him $1.2 million annually for the next twenty-five years. See, the Mets originally thought this payout was a shrewd move, because it allowed them to take Bonilla's deferred money and potentially outearn its value by investing it in a firm run by, you guessed it, Bernie Madoff. And so Bonilla, who is now 48, will earn $30 million over the next three decades, until he turns 72. For doing absolutely nothing.

1 comment:

The Sidekick said...

Yup, Bobby B has taken to playing in high stakes poker tournaments thanks to this windfall.

If I remember correctly, Bruce Sutter had a similar contract with the Braves (although they seemed to have invested a little better than the 'Mazings did).