I forgot how dumb the Mets were until I was reminded after reading this...

P-Unit

Beacon of Calmness
Bobby Bo might want to thank his agent for this brilliant move back in the day lol.

[h=2]Bobby Bo picked up his annual $1.19M from Mets[/h]<DL class=item-stats><DT class=views_bug>Views</DT><DD class=views_count>2107</DD><DT class=comment_bug>Comments</DT><DD class=comment_count>8</DD></DL>
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07:05 AM ET 07.02 | Forgive Bobby Bonilla for celebrating a bit more than most when the calendar flips to July 1. [Bonilla] got a check for $1,193,248.20 [on Monday], just as he will every July 1 through 2035. That's due to a deferral clause from when the Mets bought out the final year of Bonilla's contract before the 2000 season. The deal was signed by the Marlins in 1996, but Bonilla was traded to the Dodgers in the 1998 blockbuster that involved Gary Sheffield and Mike Piazza. Bonilla was later flipped to the Mets. He then only played 60 games in 1999, hitting .160/.277/.303, so the Mets saw fit to get rid of him before the 2000 season instead of paying him $5.9 million that year. And now they'll be paying him a bit more than four times that -- just stretched out over 25 years.
 
Bobby Bo might want to thank his agent for this brilliant move back in the day lol.

Bobby Bo picked up his annual $1.19M from Mets

<dl class="item-stats"><dt class="views_bug">Views</dt><dd class="views_count">2107</dd><dt class="comment_bug">Comments</dt><dd class="comment_count">8</dd></dl>
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07:05 AM ET 07.02 | Forgive Bobby Bonilla for celebrating a bit more than most when the calendar flips to July 1. [Bonilla] got a check for $1,193,248.20 [on Monday], just as he will every July 1 through 2035. That's due to a deferral clause from when the Mets bought out the final year of Bonilla's contract before the 2000 season. The deal was signed by the Marlins in 1996, but Bonilla was traded to the Dodgers in the 1998 blockbuster that involved Gary Sheffield and Mike Piazza. Bonilla was later flipped to the Mets. He then only played 60 games in 1999, hitting .160/.277/.303, so the Mets saw fit to get rid of him before the 2000 season instead of paying him $5.9 million that year. And now they'll be paying him a bit more than four times that -- just stretched out over 25 years.

Yes I'm a Mets fan and this is how I know this . . . but when you look at what they were trying to do, it actually was a "brilliant" move.

The Mets needed payroll relief because the team was sucking and they it made sense because Bobby Bo was a shell of his former self.

The plan was to invest this $5.9 million along with other money, and with the annual rate of return that the investor was promising, the Mets could pay Bobby his $1+ million over the next 25 years and the Mets would still make a ton of money on the investment return. Wouldn't you take that deal? This move was supposed to be win-win for the Mets and Bobby Bo.

The investor was a friend of the Wilpon's too. That man was Bernie Madoff. Bobby still gets his money and the Mets "lost" their investment. I think I can end the story there.
 
Bobby telling the story prior to BP lol:


1ortizlaughDAVIS__1223086946_3944.jpg
 
Yes I'm a Mets fan and this is how I know this . . . but when you look at what they were trying to do, it actually was a "brilliant" move.

The Mets needed payroll relief because the team was sucking and they it made sense because Bobby Bo was a shell of his former self.

The plan was to invest this $5.9 million along with other money, and with the annual rate of return that the investor was promising, the Mets could pay Bobby his $1+ million over the next 25 years and the Mets would still make a ton of money on the investment return. Wouldn't you take that deal? This move was supposed to be win-win for the Mets and Bobby Bo.

The investor was a friend of the Wilpon's too. That man was Bernie Madoff. Bobby still gets his money and the Mets "lost" their investment. I think I can end the story there.

It was brilliant that they fell for a con man who promised them returns that no one else could reasonably expect? I understand your point about them investing the $5.9MM, but the fact that they fell prey to a con-man who was promising delusions of grandeur is quite hilarious.
 
It was brilliant that they fell for a con man who promised them returns that no one else could reasonably expect? I understand your point about them investing the $5.9MM, but the fact that they fell prey to a con-man who was promising delusions of grandeur is quite hilarious.

interesting, many thousands of people lost everything and you find it hilarious...
 
interesting, many thousands of people lost everything and you find it hilarious...

When did I say I found that hilarious? I found it hilarious that the Mets fell prey to a con-man, and even said exactly that in my post. Jeebus.
 
I read it differently.. move along...

There should only be one way to read it. You even quoted me in your reply. When did I ever mention any other investors who lost money? "they" was clearly the Mets since that's what this thread is about. I'm sorry you read it wrong.

:shake:
 
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