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Is Bobby Bonilla the Smartest Baseball Player Ever?


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starting on July 1, 2011, Bobby Bonilla will remain on the franchise's payroll for 25 years, collecting an annual salary of $1,193,248.20. Those are the terms the Mets agreed to Jan. 3, 2000, when they bought out the final year of Mr. Bonilla's contract.

So basically he agreed to defer $5.9 million for 11 years at 8% interest, which is now around $30 million and have payouts for 25 years. He's 47, so he'll get 1.19 million a year until he's 72.

That is mind blowing to me. Mind blowing that anyone even thought of doing that at all...

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I suspect his agent was the smart one. Excellent contract, though. The 8% interest rate turned out to be a sweet deal.

When you hear so many stories of pro athletes who blow through their wads of money during their playing days only to wind up destitute, maybe more agents should be persuading their clients to accept similar contracts...

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