edhunter Posted July 1, 2020 Share Posted July 1, 2020 It's July 1, so that means a 1.2mil payday for the man who hasn't played since 2000. He's gotten the payment every year since 2011 and will get them through 2035. The Mets wanted to cut him in 1999, but still owed him 6 million dollars. His agent offered the deferral plan and the Mets owners Fred and Jeff Wilpon jumped at it. It gave them an instant 6 million more to invest....with Bernie Madoff. 5 Link to comment Share on other sites More sharing options...
pjbear05 Posted July 1, 2020 Share Posted July 1, 2020 And this was his second round with the Mets. After a go with Pittsburgh, and getting a ring with the Marlins. Not too shabby! :laughing guy: 1 Link to comment Share on other sites More sharing options...
invisible airwave Posted July 1, 2020 Share Posted July 1, 2020 And this was his second round with the Mets. After a go with Pittsburgh, and getting a ring with the Marlins. Not too shabby! :laughing guy: And O’s and Dodgers. I actually saw the Dodgers play the Padres the season he was on the team and Padres became NL champs. The Pads won 4-1 on July 11,1998. Link to comment Share on other sites More sharing options...
zepphead Posted July 1, 2020 Share Posted July 1, 2020 It's July 1, so that means a 1.2mil payday for the man who hasn't played since 2000. He's gotten the payment every year since 2011 and will get them through 2035. The Mets wanted to cut him in 1999, but still owed him 6 million dollars. His agent offered the deferral plan and the Mets owners Fred and Jeff Wilpon jumped at it. It gave them an instant 6 million more to invest....with Bernie Madoff.Wish i could get a job like that ...... doh! .. i can't play baseball ..... but wait .... this job requires no playing!!! 1 Link to comment Share on other sites More sharing options...
Syrinx Posted July 2, 2020 Share Posted July 2, 2020 one of the greatest contracts ever! 2 Link to comment Share on other sites More sharing options...
laughedatbytime Posted July 2, 2020 Share Posted July 2, 2020 one of the greatest contracts ever!Probably not among the five worst contracts of anyone being paid by the team this year. Link to comment Share on other sites More sharing options...
edhunter Posted July 2, 2020 Author Share Posted July 2, 2020 Apparently Bruce Sutter has a similar deal with the Braves, and his has been for an even longer period. And his original payoff would have only been about 3 million. 1 Link to comment Share on other sites More sharing options...
laughedatbytime Posted July 2, 2020 Share Posted July 2, 2020 (edited) The best deal of this type was made by the Spirits of St. Louis in the old ABA. As part of the NBA-ABA merger in 1976 they got 2% of the TV revenues of the NBA in perpetuity. This turned out to be $186 million through 2011 when there was a buyout of the deal for $500 million. Two other teams folded after taking a buyout offer of $ 3 million. Edited July 2, 2020 by laughedatbytime Link to comment Share on other sites More sharing options...
Principled Man Posted July 2, 2020 Share Posted July 2, 2020 Ryan Braun is probably in his last year with the Brewers. There is a buyout option for 2021.After that, he gets $1.8 million every year from 2022-2030 After Christian Yelich's mega-contract ends, he will be getting $2.333 million every year from 2031-2040 Madness..... 2 Link to comment Share on other sites More sharing options...
goose Posted July 11, 2020 Share Posted July 11, 2020 (edited) Apparently Bruce Sutter has a similar deal with the Braves, and his has been for an even longer period. And his original payoff would have only been about 3 million."...the Braves are still paying former reliever Bruce Sutter, who played with the Braves from 1985 to 1988. The 1979 NL Cy Young Winner signed a six-year, $9.1 million deal with the Braves before the 1985 season, but Sutter opted to have the money deferred.“Sutter was only paid about $750,000 per year while under the Braves’ control,” Lewis wrote. “For the thirty years after he retired — 30!!! — the Braves agreed to pay him no less than $1.12 million per year, and potentially more if interest rates spiked above a negotiated floor of 12.3 percent.That ends in 2021..." https://www.ledger-e...e213840114.html Humorous footnote: "Sutter retired four years into his six-year deal with the Braves, but as Lewis explained, Sutter still received his money because Atlanta agreed to pay the $9.1 million in full when the contract was agreed to. As a pretty funny, and obviously unintended side effect, Sutter ended up getting his negotiated ‘salary’ in both 1989 and 1990, even though he was retired,” Edited July 11, 2020 by goose Link to comment Share on other sites More sharing options...
laughedatbytime Posted July 11, 2020 Share Posted July 11, 2020 (edited) Apparently Bruce Sutter has a similar deal with the Braves, and his has been for an even longer period. And his original payoff would have only been about 3 million."...the Braves are still paying former reliever Bruce Sutter, who played with the Braves from 1985 to 1988. The 1979 NL Cy Young Winner signed a six-year, $9.1 million deal with the Braves before the 1985 season, but Sutter opted to have the money deferred.“Sutter was only paid about $750,000 per year while under the Braves’ control,” Lewis wrote. “For the thirty years after he retired — 30!!! — the Braves agreed to pay him no less than $1.12 million per year, and potentially more if interest rates spiked above a negotiated floor of 12.3 percent.That ends in 2021..." https://www.ledger-e...e213840114.htmlHope they had Hillary Clinton do their investing for them. Not sure how else you get a 12.3% return on your $ these days. Edited July 11, 2020 by laughedatbytime 1 Link to comment Share on other sites More sharing options...
Mithrandir Posted August 1, 2020 Share Posted August 1, 2020 Apparently Bruce Sutter has a similar deal with the Braves, and his has been for an even longer period. And his original payoff would have only been about 3 million."...the Braves are still paying former reliever Bruce Sutter, who played with the Braves from 1985 to 1988. The 1979 NL Cy Young Winner signed a six-year, $9.1 million deal with the Braves before the 1985 season, but Sutter opted to have the money deferred.“Sutter was only paid about $750,000 per year while under the Braves’ control,” Lewis wrote. “For the thirty years after he retired — 30!!! — the Braves agreed to pay him no less than $1.12 million per year, and potentially more if interest rates spiked above a negotiated floor of 12.3 percent.That ends in 2021..." https://www.ledger-e...e213840114.htmlHope they had Hillary Clinton do their investing for them. Not sure how else you get a 12.3% return on your $ these days.Are you kidding me? Just ask THE DONALD how to make that much. He's a financial genius isn't he? Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now