Bobby Bonilla, Bernie Madoff, & Deferred Contracts
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- čas přidán 1. 02. 2023
- The tale of Bobby Bonilla is one of the most legendary stories in sports contract history. To some, such as everybody who wants to make $1.19 million every year for a job they finished decades ago, it's aspirational. To others, such as real estate developer and former New York Mets owner Fred Wilpon, it's cautionary.
I'm sure many of you have heard it before, but I wanted to explain why Bobby Bonilla is one of the only people to profit off of Bernie Madoff's crimes to those of you who might not know it because you don't follow baseball. Then again, if you don't follow baseball you probably won't click on this video to begin with. Oh well, at least the rest of you will get to find out why it's pronounced [Boh-NEE-uh]. - Zábava
It’s not what you can do for capitalism, but what capitalism can do for YOU
Bobby Bonilla day should be a federal holiday.
It is in Canada
It's kind of a different thing, but if you want to talk about "legendary stories in sports contract history," my favorite has to be the one that happened in the process of the NBA's merger with the competing ABA in 1976. The NBA accepted 4 ABA teams into their league, but one of the teams that didn't make the cut was St. Louis. The St. Louis owners struck a deal with the NBA where they got 1/7 of the TV revenue from those 4 teams IN PERPETUITY. The NBA bought them out in 2014, but suffice it to say, those St. Louis owners made a LOT of money over the years!
Never played or ever cared about baseball but your videos are always worth watching! Keep up the work :D
Thank you so much! Appreciate the support :)
Ty! This was the best and simple explanation on this subject
happy Bobby Bonilla day
I love the occasional sarcasm😂on this channel.
This video randomly popped up in my recommended feed, and I'm glad I watched it. Entertaining and interesting 👌
He got the Bag.
Say what you want about Bobby’s baseball career, but his financial prowess is on another level
Dennis Gilbert may GOD bless you and your family. I know Bobby Bonilla thanks you everyday of his life.
Spectacular.
Maaaaan. Set for LIFE!
Great channel btw, my kinda random trivia content
Bonilla also has a second deferred-contract plan with the Mets and Baltimore Orioles that was initiated in 2004 and pays him $500,000 a year for 25 years.....he got 2 teams to commit to deferred payments......he is The King of Deferred Payments
that was mentioned in the video
"Unfortunately, as you know"
🤣😂🤣😂
Why don't the Mets just cash him our, instead of being embarrassed by this deal every year
This just happened to ohtani
Glad to see some people finding the video now! Hope it can help explain how deferred contracts work. And as a Dodger fan myself, hell yeah
He’s Puerto Rican 🇵🇷
It’s pronounced: Bow-knee-Ja
It's still a name of Spanish origin.
lol my man gets paid on my birthday and doesn’t send this Mets fan a card
This story is not as funny as your other ones,but still interesting
damn that man affected the whole world with his scam. just finished the netflix mini-series Madoff. recommend it.