The Briefing Room

General Category => Sports/Entertainment/MSM/Social Media => Topic started by: Frank Cannon on July 03, 2018, 03:04:36 am

Title: For agent who brokered Bobby Bonilla Day, 'I'm just happy that he's happy'
Post by: Frank Cannon on July 03, 2018, 03:04:36 am
https://www.usatoday.com/story/sports/mlb/columnist/bob-nightengale/2018/07/01/bobby-bonilla-day-mets-deferred-payments-2035/749342002/ (https://www.usatoday.com/story/sports/mlb/columnist/bob-nightengale/2018/07/01/bobby-bonilla-day-mets-deferred-payments-2035/749342002/)

(https://scontent-ort2-1.cdninstagram.com/vp/89739563e2e95806ac8d8b54b4105e89/5B3C6A57/t51.2885-15/s480x480/e15/35532566_467246163689002_8112134087503773696_n.jpg)

Quote
Dennis Gilbert woke up Sunday morning at his Beverly Hills home, listened to the congratulatory message, and laughed.

Yes, he remembered the significance of this day.

How could he ever forget July 1?

It’s Bobby Bonilla Day.

It’s the day that Bonilla will be paid $1.193 million by the New York Mets.

Well, $1,193,248.20 to be exact.

Yes, to the 55-year-old man who hasn’t played a game since 2001.

To a man who will be paid almost as much as the $1.227 million the Yankees are paying to their best player and best pitcher - Aaron Judge and Luis Severino.

To a man that will be paid most likely after Judge and Severino have retired, with payments due through 2035.

It’s the contract that keeps on giving, and keeps on pinching the Mets, who opened Sunday’s play with the worst record in the National League.
Title: Re: For agent who brokered Bobby Bonilla Day, 'I'm just happy that he's happy'
Post by: Frank Cannon on July 03, 2018, 03:08:37 am
Every year this story makes me laugh my ass off and I'm a Mets fan.
Title: Re: For agent who brokered Bobby Bonilla Day, 'I'm just happy that he's happy'
Post by: DCPatriot on July 03, 2018, 03:14:38 am
Quote from: Frank Cannon on July 03, 2018, 03:08:37 am
Every year this story makes me laugh my ass off and I'm a Mets fan.

What percentage of that annual paycheck goes to the agent?

What did agents make back then? 5%  Less?
Title: Re: For agent who brokered Bobby Bonilla Day, 'I'm just happy that he's happy'
Post by: Frank Cannon on July 03, 2018, 03:20:46 am
Quote from: DCPatriot on July 03, 2018, 03:14:38 am
What percentage of that annual paycheck goes to the agent?

What did agents make back then? 5%  Less?

I have no idea what his agents cut is, but I do know that while this guy was negotiating contracts for big talent he was a damn insurance agent. That how he came up with this insanely awesome deal for Bobby. He understood annuities.
Title: Re: For agent who brokered Bobby Bonilla Day, 'I'm just happy that he's happy'
Post by: Hoodat on July 03, 2018, 06:54:10 am
The Mets were OK paying the equivalent of an 8% return since they had been promised 15% from some hot shot investor named Bernie something.