The story behind one of baseball's most legendary contracts
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- čas přidán 25. 06. 2021
- The Mets are sitting atop National League East and enjoying a good return so far on the team's $196 million payroll. But included in that figure is nearly $1.2 million for a player that hasn't stepped to the plate in more than 20 years, and one the team will continue to pay for another 14 years. Here's more on the now-infamous arrangement between an athlete and an owner, and the most notorious Ponzi scheme in history.
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He also gets $500,000 every July 1st from the Orioles until 2029. That one started in 2004.
Gat Damn!!!!
Definitely don't hate him for it
Good for him.
Damn! Orioles, too. Must be nice sitting on the couch, getting paid.
Goodness! Bobby can simply do nothing for the rest of his life and be set. LEGEND
Met Bobby as a kid. Signed a baseball, gave me a smile, and gave me a high five. One of the highlights of my childhood.
What I'd like to see is the players reactions that proclaimed he was a idiot for signing a contract like that that are now flat broke after blowing millions and filing bankruptcy...
I imagine there would be a whole lot of crickets... lol
@@barak-rocky-giles2081 that and looking down at their feet is what people do when they know when they're guilty !
We all want a Bobby Bonilla contract
A contract is a contract! He had a great agent that was in his best interest. Won't find them like that anymore.
If he had such a great agent, why is he the only client with such a contract?????
@@yell0wberry
1.) He's not the only one. Just the most extreme case. KG is still getting paid by the Boston Celtics.
2.) It doesn't happen very often because it's not in a teams best interest, so they're not agreeing to it very often.
@@barak-rocky-giles2081 you’re not wrong, but I was referring to Bobby Bonilla‘s agent, his agent does not represent Kevin Garnett……. If we were speaking in those regards, Bonilla‘s former teammate, Bernard Gilkey had a deferred contract as well
@@yell0wberry oh okay. Got it. I see what you're saying.
Well said. Just like the clowns that signed bad mortgages and student loans.
No one should have a problem with this.
If your not a Met fan you can’t talk if you don’t know nothin
I'm a mets fan and Good for Bonilla. METS played him in the beginning but Bonilla ended up winning. 👏🏽
I helped build that new stadium good for Bobby
GOOD FOR BOBBY. I WISH I HAD HIS DEAL
Bobby bonilla, with the '97 Marlins world series team. Good times.
He was on that roster?
@@cflo1386 yup.
I like how at the beginning this "Journalist" crapped on Bonilla's "Scheme" contract, but never mentions what a smart move Bonilla and his agent made with this contract.
Ponzi scheme
She was talking about Bernie Madoff, not Bonilla. It was pretty obvious, actually.
Love Bobby Bonilla Day! I hope all Professional Athletes watch and follow Bobby!
Don’t blame the playa, blame the game.
I remember when Bobby Bonilla got into an argument with a reporter Bobby Bonilla said I will show you the Bronx
Overrated play
Yeah that would be Bob Klapisch writing that book on worse players team money could buy and that was meant for Bonilla.. Bonilla should have shown him the Bronx.. Eddie Murray wanted to slap Klapisch around as well
@@anthonyscarpa6107 today his contract got auction of for 180,000
@@jimmyk127 And Bonilla is still getting paid for what another 15 years I'm happy for him he was treated poorly by his own City
@@anthonyscarpa6107 he was treated Poorly in his own City and the reporter too when he told the reporter I'll show you the Bronx
He should have just named his book "Bad stuff about the Mets". You old school Met fans will get that reference. lol
A deal is a deal.
Simple.
I never even saw Bobby Bonilla play but I will say that I love Bobby seriously he has got to be one of the smartest baseball players that was a great deal and he still getting paid today and probably until he hits around 70
I can't understand why so many hate on Bobby Bonilla? You can't hate a guy for making one of the smartest baseball deals in the history of the game. To be getting paid 20 years after retiring from the game is genius, I say we should all celebrate Bobby Bo Day! ⚾️ 💪😎 🇵🇷
@@Roberto-Antonio An annuity until 2035. Bonilla negotiated a great deal! With a little help from Bernie Madoff nevertheless.
Well I saw him play and he was overrated.. smart okay.. the smartest overrated player I saw....
you love a guy you never saw play baseball before ?.. seriously ? Ok.. as a baseball fan I could care less about anybody's contract. I'm only interested in how he plays on the field..
Then he starts collecting his baseball pension
Kevin Garnett has been getting $5 million per year from the Celtics, which stops in 2023.
And Manny Ramirez is getting $2 million per year from the Red Sox through 2026.
Why does no one talk about the Braves still paying Bruce Sutter?
I'm in GA and never even heard of it. Learned something new 👍🏽
The Braves paid out their last check to Sutter this year. He hasn’t played for the Braves since 1988!
And David Wright would suffer a career-ending injuries, but refused to retire so could keep getting paid on his contract. Which was
2015: $20 million (played 38 games)
2016: $20 million (played 37 games)
2017: $20 million
2018: $20 million
2019: $15 million
2020: $12 million
Dude was up and coming when i stopped watching baseball. They were saying that he would be bigger than jeter in NY didn't know he got injured.
The masses are so ignorant. Instead of having to pay him all at once, the team got to keep the money at that time. That gave them the opportunity to make money off the money in the meantime - even if it meant just gaining interest. On the other hand, it’s money that Bonilla couldn’t use to make money. And Mr. Cohen should explain that, instead trying to help vilify the man.
The man has a right to this money. It worked for the Met's at the time and it works for Bonilla right now. Everyone won but just not at the same time.
Allen Iversion will be smiling in a few years as well.
Wife is getting half of that.
@@TexasMade903 half of something is better than all of nothing.
@@marcrankin1707 Yeah you right. Rip John Thompson, I think he set that deal up.
i saw iverson and his mother lose a ton of money at 3 card poker table at the borgota back in 2005 a dealer told me after they left he dropped about 150 k in 2 hours
Bobby Bonilla☝🙏💪🔥🔥🔥🔥🔥
Love him from Pirates to today
We grew up together Bronx NY St Mary's park.. I know his story. He carries our neighborhood on his back.... He deserves every penny. and more. No one can block God's intended blessings for someone period. Don't be a HATER be a Congratulator .
July 1st is Bobby Bonilla day ! A cool Million dollar 💵 day for him - The Stugotz in him is strong 💪😀👍
Lindor's a bum
The smartest payout in sports history
Bernie Madoff scamming the Mets had a lot to do with this deal. The Mets needed more upfront $$ for their deal with Madoff, so they extended Bonilla's contract payout....Greed & stupidity..
Its not a Ponzi scheme. Its a simple time value of money calculation. He took deferred money which allowed the team to spend more in the moment and secured Bonilla's future earnings for years to come.
simplicity ☝️
The Ponzi scheme they explain here is the Madoff fiasco the Wilpons got into...
Happy Bobby Bonilla day
How about the billions Cohen receives? No one ever seems to complain about the billionaires!
Pay little tax or none remember for
Billionaires only
Hardly these kinda numbers -- but in November 1976, the Cleveland Indians signed free agent pitcher Wayne Garland to a 10-year, $2.3 million contract. A torn rotator cuff and other injuries found his W/L after five forgetful seasons at 28-48 with a 4.50 ERA.....and outta MLB. Years later, a co-owner of the club admitted the signing was only done for PR purposes, since the ownership group knew they were selling the franchise....which was done in early 1978.
A Ponzie scheme is a crime to take money. This is an agreed contract the Mets agreed to. No scheme of any kind.
Let’s be fair here: Bobby Bonilla's not the only player who is still on a deferred contract. There's Derek Jeter, Manny Ramirez, and even Bruce Sutter, who last pitched for the Atlanta Braves in 1988 but was being paid on a deferred contract until 2021. So basically, the Wilpons thought that they were pulling the wool over Bobby Bo’s eyes, meanwhile they were getting fleeced by Bernie Madoff. Sweet justice! Happy Bobby Bonilla Day!
Ken Griffey Jr gets over 3 million a year on a deferred contract
That’s just good business
the orioles still pay this man also 500k a year for 25 years.
Love the music
Kinda the actual definition of set for life
Fyi Bobby Bonilla isn't the only retired athlete still getting paid from their former team.
yeah, but not for 40 years afterwards
Good for him salute!
BOBBY BO ! Guy had tremendous strength I remember 1990 against the Mets on opening day when Bonilla was with the Pirate's he crushed a Home run off Jeff Innis the ball hit the team bus in the Parking Lot at Shea Stadium.. Than as a Marlin he hit the Ball out of Tiger Stadium... I'm glad Bonilla is getting these payments thanks to Dennis Gilbert Met fans and the media treated him poorly.. But Bonilla got the last laugh as he said he would and that smile on his face became more glowing.. Go Bobby Bo he was my favorite Player growing up 💯
Smart man, good for you bobby. I look foward to more Bonilla days. Isn't boston still paying Manny?
Yeah they are but at least Manny produced for the Red Sox.
Hey don't hate on bobby because he didn't do anything wrong here. If any of us could have that contract where we are still getting paid we all would sign right now.
I cannot believe this needs explained yearly this is basically how the bank makes money off your mortgages people lmao .
Smart man
All players should have contracts like that. Everybody wins.
How is this a Ponzi Scheme ? It’s a contract.
The contract itself isn't the Ponzi scheme. It was mentioned because the reason the Mets did Bonilla's contract this way was because the Wilpons had lost a ton of money in Bernie Madoff's Ponzi scheme.
@@raymondluxuryacht86 it is a good deal.
I mean it was a good deal.
Wasn't a bad deal then, still isn't especially how it turned out for the Mets. They save money every year (due to inflation) too!
I used to froth at the mouth over Dan Jacobson on ESPN.
I’m happy for him
I’ll agree to never play for the Mets for 1/2 that amount.
They mad because he is Puertorrican! Hahahaha
Bobby Bonilla is King of New York
Best contract ever
Allen Iverson is paid $800,000 annually by Reebok for life.
I don’t blame Bobby bo at all. Great job
Black man got over on the system …..deal with it y’all got away with more !!!!
I never heard that saying
Miss Dana on ESPN !
If I was a pro baller I would take a 60 million payout contract for 30 years. It frees up cap and in the case of an injury I’m protected for life.
Yeah exactly.
How many players are broke in less than a decade?
How sad, but when you're considered old and washed up the team releases the player.
Idk why they just pay the rest to him to get the money off their books
He may not want to be paid off all at once due to the taxes that would be owed.
Why?
Smart guy! Bobby Bonilla is the men!
Happy Bobby Bonilla day everyone !
How does that man have the time to do it, sports agent and the author or sooooo many books. Some people man.
A contract is a contract is a contract. 🤑
I think Bruce Sutter had a better deferred deal
from Atl.
Amazing the LARGER salaries as viewership sinks for both professional sports and TV/Movies.
@R P this is a Mets video what does China have to do with this Lindor can’t hit
funny, because the value of pro teams continue to skyrocket
I’m a diehard Mets fan and I don’t approve of this message
I am too, and don't care!
BASEBALL'S EQUIVALENT OF THE LIFE GUARANTEES. We've got death and taxes. MLB has Bobby Bonilla Day and The Hall of Fame Inductions minus Pete Rose...
Que le sigan pagando 🤷♂️🤷♂️
Mets need to bring back those black uniforms
Such a Mets thing to do
Damn!! Bobby hasn't aged well.
He's overweight, true, but look at his face. Not a wrinkle.
inflation ruins this.
How can people be mad at money that’s not theirs nor have to pay out #insanity
I would like to know WHO was his agent..
Dennis Gilbert
Honor the contract.
Looks like a good deal..
The money is there
People understand that now.
I don't think the owner will reneg
Its not scheme smh don’t be a hater
Bonilla is my uncle
Goof for Bonilla
haters are gonna hate!
Army still paying me
There’s so much wasted money floating around
We’re Puerto Rican. We know how to hustle. lol
By the way, he got two other plans like this.
It’s a BUSINESS don’t get mad @ BONILLA NYM makes so much money anyways 1M is chump change to them!
Just had to show them beating my phillies huh? Show us the Mets most recent world series win?
Watch this year buddy
Why u pocket watching
Dennis Gilbert deserves a trophy... what trophy I do not know but he needs something
The amazing fools
Every year they bring this story up! At this point even people in North Korea know about Bobby Bonilla day. Who cares, move on
It’s just amazing how the nym is the second best team in NY 💩
I bet he pays more taxes on that milli then Bezos
LGM
First
hustler 👏👏
Atlanta Braves will WIN the Division. JUST PAY BOBBY BO😃
Not with that horrible bullpen and Acuna out for the year
@@wsmokr "What chu talkin bout WILLIS" FACE A** BOY😂
@@majorcharger The truth.The bp sucks, starting pitching not so great ,and the best player on the team out for the remainder of the season with a torn acl.
Howwwwwww bout DEM BRAVES😂
The jagged thunder biophysically dream because fairies pathogenetically subtract through a discreet ice. snobbish, zany sidewalk
Typical MUTS fashion
Ya but the best team in baseball is my Beloved GIANTS
Complete bs! Waste of money! More people need the money instead of him!
Well every July 1st til 2035 Bobby gets paid. Call the Mets and tell them about the "more people" who need the money.
You think Bobby or anyone else for that matter gives two rat farts about your opinions at all? This man only cares about July 1st and absolutely detests leap years...