PebHmong Discussion Forum

General Category => General Discussion => Topic started by: theking on July 01, 2020, 02:27:41 PM

Title: Due to Bernie Madoff, BB receives $1.19 mil on 7/1 since 2011 for doing nothing
Post by: theking on July 01, 2020, 02:27:41 PM

 O0 ;D:

Bobby Bonilla seeing that 1.19 million direct deposit in the morning.
(https://pbs.twimg.com/media/Eb0E8UGXQAADZQM?format=jpg&name=small)

(https://s.yimg.com/ny/api/res/1.2/mLl0fl_vVYbiXVR9THSZSQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQyMw--/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-uploaded-images/2020-07/64f97fe0-bbbc-11ea-86df-31c794115f67)

Title: Re: Due to Bernie Madoff, BB receives $1.19 mil on 7/1 since 2011 for doing nothing
Post by: theking on July 01, 2020, 02:31:07 PM

For those that don't know the deal that happened 20 years ago, here it is in a nutshell.. ;D...

The origin of Bobby Bonilla Day

The story behind Bobby Bonilla Day is well documented at this point, but if you don’t know it, here goes:

The Mets wanted to get rid of Bonilla and his $5.9 million salary in 2000. Rather than just take a payout, his agent struck a deal that was a bit different: The Mets didn’t have to pay him right away. They could wait 10 years and instead they could pay him $1.19 million for 25 years starting in 2011.

The Mets took it — and here’s a surprising turn — because ownership was getting 10-percent returns on their investments at the time with a guy named Bernie Madoff, meaning they stood to make more money by paying Bonilla in the future. Oops.

Title: Re: Due to Bernie Madoff, BB receives $1.19 mil on 7/1 since 2011 for doing nothing
Post by: theking on July 01, 2020, 10:49:03 PM

(https://i.ytimg.com/vi/2paGwRUcrKc/hqdefault.jpg)

Title: Re: Due to Bernie Madoff, BB receives $1.19 mil on 7/1 since 2011 for doing nothing
Post by: theking on July 01, 2020, 10:49:27 PM

(https://sports.cbsimg.net/images/visual/whatshot/BONILLAmeme.jpg)