The Met's agreed to Pay Bonillia this much deferred interest because they figured their investments had been very solid and had returned more then they will owe Bobby. They invested in some fund run by some guy named Berine Madoff.
That's the guy! Completely insane. Makes me wonder how that league even still exists, yet it does...
KT
I don't know what that would be. Look, I know that you can boil an NFL game down to about 11 minutes. If you did the same thing with a baseball game you'd end up with like 3 plays on average or about 15 seconds. That's a lot of standing around, for very little return.
EDIT: I don't like baseball, that's apparent. I'm not shitting on someone else's opinion of the sport. Love it, hate it, whatever makes a person happy. Clearly there are enough people watching it to keep the sport alive. I certainly wouldn't call it "America's Past Time" anymore.
Which is exactly the reason why I say that there are so many girls that say they "enjoy" baseball, since they don't have to pay attention at all and can just be on their phones the whole time.That's because it is the only sport where the audience can stare at their phone screens and miss nothing.
More underhanded baseball tactics to get players to sign:
http://scores.espn.go.com/mlb/story...timore-restaurant-jimmy-seafood-signs-orioles
"What Maryland does: Baltimore restaurant offers Cespedes, Davis free food for life"
Who cares what they do? It is their business, let them run the way they see fit. If you don't like how they do it, don't consume their product.
Next.
-KeithP
In the meantime, baseball owners are the most greedy SOB's in sports. If their house of cards falls in on them, it would provide me with endless hours of laughter.
What makes MLB club owners worst than NBA or NFL club owners?
They're all greedy SOBs, IMO.
Sure they are all greedy. I think that in the big picture of things, the NFL owners work together better. All their franchises are profitable, before just valuing the resale value of the teams.
Baseball owners have run scared since the strike fiasco of 1994. They are paying pitchers $30 million a year. Or at least one. Arod, Teixeira, Fielder and Pujlos contracts. And now add the Price contract with the Red Sox. That will end badly. Owners keep making these 100% guaranteed contracts that run 5 to 10 years. Sometimes the player is already into his 30's. Those contracts too often blow up in their faces, as players fail and it hamstrings them from improving their teams.
Don't know enough about the NBA to comment, except they have fewer players to pay.
The NFL does do huge signing bonuses, which essentially converts a lot of the contract money into guaranteed money. But you also have MLB rosters that are much smaller than NFL rosters while being only about 20% smaller in total revenues.
I can't wait to see the crazy contracts when the new TV contracts kick in for the NBA with their 15 man rosters.
wow, on the hook for another 19 years!Bobby Bonilla, the poster-boy for bad contracts before A-Rod came along and stole the title from him. From Wiki...
From 1992 to 1994, Bonilla was the highest paid player in the league, earning more than $6 million per year. Bonilla is currently being paid approximately $1.19 million by the New York Mets each year. This was part of a deal made when the Mets released Bonilla before the 2000 season while still owing him $5.9 million for the final year of his contract. The deal expires in 2035, at which point Bonilla will have been paid $29.8 million for a season in which he did not even play for the Mets.
Who cares what they do? It is their business, let them run the way they see fit. If you don't like how they do it, don't consume their product.
Next.
-KeithP
wow, on the hook for another 19 years!
From the Mets standpoint, that math really doesn't make much sense. $24M of interest on $6M principal sounds like a heck of a return even over 35 years. (Granted the interest rate environment in 2000 was much higher than today's zero rates.)
It must be popular somewhere, like Asia or something.
Baseball's biggest problem is that fantasy football is a lot more fun than fantasy baseball.
Baseball attendance has been on the rise for several years now.
Baltimore hasn't spent any money in several years.
Therefore they can afford his salary... For now until the circle of over spending catches up to them again and they have to field a basement finishing team for decades.
Sporting events never cease to amaze me. I live a comfortable life and would like to attend a few games here and there but with a family of 5, its ridiculous how much it would cost to go see either the KC royals or Chiefs play. Used to be you could get hyvee seats for $8 a ticket which for upper deck seems like a decent price, but that has now skyrocketed with their success and I can't afford to take the family there and shell out a couple hundred bucks for an afternoon. Chiefs tickets are more insane.
Same thing with the KU Jayhawks basketball. Ticket prices are like $85/ticket and taking my family there would be $400 just for 3 hours of gameplay, not to mention the cost of a soda or nachos or popcorn and parking.
Prices are insane to me, but then again, they say attendance is at an all time high so I guess their pricing model is working.
/shakes head.
Don't know about how many moves there have been in baseball. How far back do you want to go? The Colts move was a long time ago. Did you factor in the Dodgers and Giants moving to California?Isn't the willingness to pay guaranteed contracts the opposite of greedy?
Also, hasn't baseball has had a lot fewer club moves? NFL teams seem to move around willy-nilly all the time. The Colts even packed up and moved in the middle of the night!