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Happy Bobby Bonilla Day!
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07-01-2018, 12:16 PM | #1 |
I can haz cheezburger?
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Happy Bobby Bonilla Day!
Today, Bobby will receive $1.19M from the New York Metropolitans. This will continue every July 1st until 2035. Not a bad nest egg to work with. How will you celebrate Bobby Bonilla Day today?
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07-01-2018, 01:05 PM | #2 |
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By reminding every Mets fan I know.
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Captain Blood13880.00 |
07-01-2018, 03:53 PM | #3 |
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07-01-2018, 04:02 PM | #4 |
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Wtf I want a package like that
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Flying Ace5049.50 |
07-01-2018, 09:36 PM | #5 |
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It’s good, but it’s essentially a $6M investment (what he could have taken in 2000) paid out as an annuity with an 8% return. It will be around $30M when the last payment is made.
Had he taken the $6M in full in 2000 and invested it in the S&P 500, he’d probably actually do a little better than this deal. |
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Flying Ace5049.50 |
07-02-2018, 09:25 AM | #7 | |
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guaranteed should win out for any athlete after all these "30 for 30: Im broke AF" documentaries. |
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kprocivic815.50 hooligan_G016541.00 |
07-03-2018, 12:07 AM | #9 |
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07-06-2018, 07:28 PM | #10 | |
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It's akin to you working on a contract basis for an employer. Would you want your employer to pay you your money today, as you perform the work, or for the rest of your life. Any cash flow streams over course of multiple years must take into account the opportunity cost of not having the money. Had Bobby invested in the S&P 500 he would have gotten about a 80% return thus far, but he would have had small cash flow from investing it (~2% dividend yield) ~ $100,000 per year of dividends. Ultimately, the math on Bobby's side is will he have come out ahead taking the cash option early and investing it (stocks, bonds, businesses, cars, hookers, coke, strippers, 6th wife) or better off getting this 8% return and indirectly getting a managed consistent cash flow? Also, bc this stuff is a contracted annuity, Bobby can find a bank to "cash him out". Basically, a bank gives him the present value of the remaining cash flows. Bobby get his cash in today's value, and that bank takes this 8% return until 2035. I'd like to also see the analysis on how it was beneficial for the Mets to structure this payment. If this wasn't a baseball team (I don't know how teams gets their payroll funds and how it relates to luxury tax hit, revenue sharing, cash flow from media contracts), a company will have to have financed $6mm immediately (or in accordance to the payment schedule/conditions in the contract e.g. guaranteed money) through borrowings or from equity. There may have been a significant cost of allocating this $6mm at that point in time when they signed the contract. Corporate borrowing rates at that time were in the 7% range, but no one would have known that corporate borrowing rates would continue to drop down to today's 5% level...this or that the Mets are just idiots.
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07-06-2018, 07:42 PM | #11 |
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So when I retire, I get a pension of $500 of a month. That's barely enough for 2 hookers a month.
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BayMoWe3351219.00 King Rudi13077.00 |
07-06-2018, 08:01 PM | #12 |
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Turn that into a business run dem hos
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Flying Ace5049.50 King Rudi13077.00 |
07-09-2018, 04:00 PM | #13 |
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you gotta stop buying dem highclass hoes
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11-18-2018, 03:18 PM | #15 |
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Silly contracts and investments have killed the mets in the last 15 yrs, I'm surprised they didnt pick up ARods contract..lol
Last edited by brettbmw; 11-18-2018 at 03:20 PM.. Reason: Spelling |
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11-19-2018, 01:14 AM | #17 |
I can haz cheezburger?
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Since he just retired I think the Mets are off the hook.
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11-27-2018, 12:59 PM | #18 |
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depends on if it's guaranteed contracts and if they have similar payout clauses like Bobby's.
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07-01-2019, 02:19 PM | #19 |
enthusiasm > practicality
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Guess what day it is.
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07-01-2019, 02:41 PM | #20 | |
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https://apple.news/ADn3f0hdFQQ6AtyGeslM4FQ
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07-01-2019, 02:42 PM | #21 |
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