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random SPORTS thoughts

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I'm just glad my favorite player won the cup eventually, in Florida

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RC, no doubt BB was glad too! Fond memories for the both of you but these days what might really make him happy is when July 1st rolls around every year!

:birthday:

The calendar has shifted to July, and that can mean only one thing: It's time for Mets fans everywhere to wish each other a Happy Bobby Bonilla Day! Why? On Monday, 56-year-old Bobby Bonilla will collect a check for $1,193,248.20 from the New York Mets, as he has and will every July 1 from 2011 through 2035.

What happened?
In 2000, the Mets agreed to buy out the remaining $5.9 million on Bonilla's contract. However, instead of paying Bonilla the $5.9 million at the time, the Mets agreed to make annual payments of nearly $1.2 million for 25 years starting July 1, 2011, including a negotiated 8% interest. At the time, Mets ownership was involved with a Bernie Madoff account that promised double-digit returns over the course of the deal, and the Mets were poised to make a significant profit -- if the Madoff account delivered. It did not.

Blame it on Bernie! :yes:
 
MrMonkey
What happened?
In 2000, the Mets agreed to buy out the remaining $5.9 million on Bonilla's contract. However, instead of paying Bonilla the $5.9 million at the time, the Mets agreed to make annual payments of nearly $1.2 million for 25 years starting July 1, 2011, including a negotiated 8% interest. At the time, Mets ownership was involved with a Bernie Madoff account that promised double-digit returns over the course of the deal, and the Mets were poised to make a significant profit -- if the Madoff account delivered. It did not.
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lol this is gold :money:
 
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