Chicago Fanatics Message Board
https://mail.chicagofanatics.com/

Happy (((New York Mets Smart Owners))) Day
https://mail.chicagofanatics.com/viewtopic.php?f=92&t=128294
Page 1 of 1

Author:  good dolphin [ Fri Jul 01, 2022 10:30 am ]
Post subject:  Happy (((New York Mets Smart Owners))) Day

sign a guy to a services contract with deferred payment. You get the full benefits of his services. Then sell off the team so that someone else has to pay on the contract.

no one ever accused a sports reporter of having business acumen

Author:  Regular Reader [ Fri Jul 01, 2022 10:42 am ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

Bonilla's payday?

Author:  billypootons [ Fri Jul 01, 2022 11:18 am ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

m&h said today that bret saberhagen has a similar deal with mets for much less money

Author:  good dolphin [ Fri Jul 01, 2022 11:19 am ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

yes, bobby bonilla is getting paid today for work he completed 20 years ago and some think its a brilliant move

Image

of course you will Whimpy. Everyone should love deferring a payment

Author:  Nardi [ Fri Jul 01, 2022 4:06 pm ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

Good for Bobby that the Clintons don't own the Mets.

Author:  One Post [ Fri Jul 01, 2022 5:09 pm ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

good dolphin wrote:
yes, bobby bonilla is getting paid today for work he completed 20 years ago and some think its a brilliant move

Image

of course you will Whimpy. Everyone should love deferring a payment


Obviously time value of money and all. That said, there is something to de-risking capital by deferring it, the risk here being that a pro athlete between the ages of 25-35 might not be the best steward with his money. I'm sure there are many many many athletes who dearly wish that they deferred dollars and received what amounts to a 2MM per year annuity from ages 47-67.

Also Bonilla received, essentially an 8% return on his deferment. This was quite a good deal for Bonilla.

Author:  good dolphin [ Sun Jul 03, 2022 10:11 am ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

Maybe he received a good deal. The owners who signed it received a great deal

Author:  Frank Coztansa [ Sun Jul 03, 2022 12:42 pm ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

At the time he took his deferment, he had already banked over $45 million in salary. That's not counting any endorsements. That's equivalent to about 85 million today.

Somebody who has that much in the bank, maybe it's easier and more beneficial for them to accept a deferred payment plan.

Author:  conns7901 [ Sun Jul 03, 2022 12:47 pm ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

good dolphin wrote:
Maybe he received a good deal. The owners who signed it received a great deal


They invested the money with Bernie Madoff. Didn't end well for that ownership group.

Author:  Regular Reader [ Sun Jul 03, 2022 5:51 pm ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

conns7901 wrote:
good dolphin wrote:
Maybe he received a good deal. The owners who signed it received a great deal


They invested the money with Bernie Madoff. Didn't end well for that ownership group.


That made me laugh my ass off. Couldn't have happened to more deserving people.

Author:  pittmike [ Sun Jul 03, 2022 5:56 pm ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

good dolphin wrote:
Maybe he received a good deal. The owners who signed it received a great deal


I imagine a (((lawyer/agent))) advised him professionally.

Author:  One Post [ Thu Jul 14, 2022 8:46 pm ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

good dolphin wrote:
Maybe he received a good deal. The owners who signed it received a great deal



The Wilpon selling group didn’t get the deal you think they did. I’m sure in the valuation process Cohen and his group reduced the purchase price/valuation for the deferred liability of the Bonilla payments. It isn’t like the buyers ignored this huge stream of payments and didn’t adjust the purchase price accordingly.

Author:  good dolphin [ Fri Jul 15, 2022 8:32 am ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

One Post wrote:
good dolphin wrote:
Maybe he received a good deal. The owners who signed it received a great deal



The Wilpon selling group didn’t get the deal you think they did. I’m sure in the valuation process Cohen and his group reduced the purchase price/valuation for the deferred liability of the Bonilla payments. It isn’t like the buyers ignored this huge stream of payments and didn’t adjust the purchase price accordingly.


I'd say they didn't consider a million dollar liability on the books when making their multi billion dollar investment

Author:  One Post [ Fri Jul 15, 2022 8:45 am ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

good dolphin wrote:
One Post wrote:
good dolphin wrote:
Maybe he received a good deal. The owners who signed it received a great deal



The Wilpon selling group didn’t get the deal you think they did. I’m sure in the valuation process Cohen and his group reduced the purchase price/valuation for the deferred liability of the Bonilla payments. It isn’t like the buyers ignored this huge stream of payments and didn’t adjust the purchase price accordingly.


I'd say they didn't consider a million dollar liability on the books when making their multi billion dollar investment


Steve Cohen purchased the Mets in 2020, Bonilla had 15 more years @ 1.2MM left on the deferred payments for a total of 18MM.

I'm pretty sure they factored that liability into the valuation.

Author:  good dolphin [ Fri Jul 15, 2022 8:56 am ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

One Post wrote:
good dolphin wrote:
One Post wrote:
good dolphin wrote:
Maybe he received a good deal. The owners who signed it received a great deal



The Wilpon selling group didn’t get the deal you think they did. I’m sure in the valuation process Cohen and his group reduced the purchase price/valuation for the deferred liability of the Bonilla payments. It isn’t like the buyers ignored this huge stream of payments and didn’t adjust the purchase price accordingly.


I'd say they didn't consider a million dollar liability on the books when making their multi billion dollar investment


Steve Cohen purchased the Mets in 2020, Bonilla had 15 more years @ 1.2MM left on the deferred payments for a total of 18MM.

I'm pretty sure they factored that liability into the valuation.


I'm pretty sure they didn't. Let's wrestle

Author:  One Post [ Fri Jul 15, 2022 9:15 am ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

good dolphin wrote:
One Post wrote:
good dolphin wrote:
One Post wrote:
good dolphin wrote:
Maybe he received a good deal. The owners who signed it received a great deal



The Wilpon selling group didn’t get the deal you think they did. I’m sure in the valuation process Cohen and his group reduced the purchase price/valuation for the deferred liability of the Bonilla payments. It isn’t like the buyers ignored this huge stream of payments and didn’t adjust the purchase price accordingly.


I'd say they didn't consider a million dollar liability on the books when making their multi billion dollar investment


Steve Cohen purchased the Mets in 2020, Bonilla had 15 more years @ 1.2MM left on the deferred payments for a total of 18MM.

I'm pretty sure they factored that liability into the valuation.


I'm pretty sure they didn't. Let's wrestle


Shirtless.

Author:  Dr. Kenneth Noisewater [ Fri Jul 15, 2022 10:53 am ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

One Post wrote:
good dolphin wrote:
One Post wrote:
good dolphin wrote:
Maybe he received a good deal. The owners who signed it received a great deal



The Wilpon selling group didn’t get the deal you think they did. I’m sure in the valuation process Cohen and his group reduced the purchase price/valuation for the deferred liability of the Bonilla payments. It isn’t like the buyers ignored this huge stream of payments and didn’t adjust the purchase price accordingly.


I'd say they didn't consider a million dollar liability on the books when making their multi billion dollar investment


Steve Cohen purchased the Mets in 2020, Bonilla had 15 more years @ 1.2MM left on the deferred payments for a total of 18MM.

I'm pretty sure they factored that liability into the valuation.


If they didn't they need better financial analysts.

Author:  One Post [ Thu Dec 22, 2022 5:11 pm ]
Post subject:  Re: Happy (((New York Mets Smart Owners))) Day

good dolphin wrote:
One Post wrote:
good dolphin wrote:
One Post wrote:
good dolphin wrote:
Maybe he received a good deal. The owners who signed it received a great deal



The Wilpon selling group didn’t get the deal you think they did. I’m sure in the valuation process Cohen and his group reduced the purchase price/valuation for the deferred liability of the Bonilla payments. It isn’t like the buyers ignored this huge stream of payments and didn’t adjust the purchase price accordingly.


I'd say they didn't consider a million dollar liability on the books when making their multi billion dollar investment


Steve Cohen purchased the Mets in 2020, Bonilla had 15 more years @ 1.2MM left on the deferred payments for a total of 18MM.

I'm pretty sure they factored that liability into the valuation.


I'm pretty sure they didn't. Let's wrestle


After the events of the last two days, I now agree with you.

Page 1 of 1 All times are UTC - 6 hours [ DST ]
Powered by phpBB® Forum Software © phpBB Group
https://www.phpbb.com/