Bonilla gers $1m yr from mets to do nothing

BBCgalaxee · Oct 5, 2011

sum it up as the mets being the mets.

In 2000, the mets bought out final yr on his contract (was owed 5.9 mill) and deferred payment WITH INTEREST for 11 yrs.

For the next 25 yrs, the mets will pay hin over a million per yr.

And mets fans thought jason bays contract was bad.

Johan Santana 57 · Oct 5, 2011

clearly you never have taken a finance class

A_Pharis · Oct 5, 2011

In other news: Grass green. Water wet.

Just kidding. This has been speculated on for a while.

JoshHamilton · Oct 5, 2011

Half their current roster is paid to do nothing

jumbojohnny · Oct 5, 2011

This is old news. There was already a post about this here viewtopic.php?f=2&t=126671&hilit=bonilla.

As for Bonilla - good for him for being smart and negotiating his long term finances. The Mets did the smart thing at the time, but Bonilla was thinking long term. Not all athletes are dumb.

A_Pharis · Oct 5, 2011

Did you know Nicholson made money from Batman long after the movie was out of theaters? He chose to take future royalties of the franchise and the character merchandising. I dunno if he is still getting that, but it's a smart business move.

"FOR his role as The Joker in the 1989 film Batman, Nicholson earned around $60 million in total. He negotiated a deal that gave him royalties on all merchandise, which remains the biggest single-movie pay check for any actor."

JoshHamilton · Oct 5, 2011

A_Pharis said:
Did you know Nicholson made money from Batman long after the movie was out of theaters? He chose to take future royalties of the franchise and the character merchandising. I dunno if he is still getting that, but it's a smart business move.

"FOR his role as The Joker in the 1989 film Batman, Nicholson earned around $60 million in total. He negotiated a deal that gave him royalties on all merchandise, which remains the biggest single-movie pay check for any actor."

Warren Beatty did the same thing with Bonnie & Clyde, I think

mchenrycards · Oct 5, 2011

JoshHamilton said:
A_Pharis said:

Did you know Nicholson made money from Batman long after the movie was out of theaters? He chose to take future royalties of the franchise and the character merchandising. I dunno if he is still getting that, but it's a smart business move.

"FOR his role as The Joker in the 1989 film Batman, Nicholson earned around $60 million in total. He negotiated a deal that gave him royalties on all merchandise, which remains the biggest single-movie pay check for any actor."

Click to expand...

Warren Beatty did the same thing with Bonnie & Clyde, I think

Yeah but back in the day I dont think anyone was buying "Clyde" buttons, pillow cases and action figures like they were buying Nicholson based Joker merchandise!!

A_Pharis · Oct 5, 2011

Point is.. it was a smart damn move by Bonilla and probably worked out ok for the Mets not having to dish out the entire thing at once.

ccouch (Chad) · Oct 5, 2011

Bonilla got a good deal with an 8% annual return. At the time they entered the agreement, the prime rate was 8.5%, so the Mets had every reason to enter the deal as well. It was essentially a market value deal at the time. The Mets basically sold Bonilla an annuity. That's the same thing that anybody selling an annuity does. The real irony of the whole deal is that the Mets turned around and invested the money with Bernie Madoff and probably made 20% or more annually on their investment. That's part of the money (in theory) that the government is going after with the current proceedings against the Wilpons.

ThoseBackPages · Oct 5, 2011

two words:

George Lucas

look it up and see how much he made from Star Wars alone by just taking the merchandising

gt2590 · Oct 5, 2011

One of the biggest creditors in the Dodgers bankruptcy case is Manny Ramirez... :lol:

Mr.Whipple · Oct 5, 2011

Bonilla didn't wanna be like so many ex athletes and be broke for the rest of his life. So he made a deal that secured his future and security for his family. Not like lottery winners who take lump sum payments and blow it all and the best is, give back money they won for no reasons but stupidity. If you're under 45 and take the cash over annuity, you deserve to go broke.

MacK · Oct 5, 2011

Thought this was common knowledge.

BBCgalaxee · Oct 5, 2011

I showed the article to several guys today and while most of them heard "something" about a deal, none of them knew exactly how it broke down.

ThoseBackPages · Oct 5, 2011

BBCgalaxee said:
I showed the article to several guys today and while most of them heard "something" about a deal, none of them knew exactly how it broke down.

you let Mets fans in your store? lol

IndyManning18 · Oct 5, 2011

ThoseBackPages said:
two words:

George Lucas

look it up and see how much he made from Star Wars alone by just taking the merchandising

Why wouldn't George Lucas make a ton off Star Wars? Maybe you're referring to Sir Alec Guiness who went the merch route for Star Wars payment.

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Bonilla gers $1m yr from mets to do nothing

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