StatFox.com - Sports Handicapping Community

The Leading Logic In Sports Handicapping

The FoxDen Forum : Powered by vBulletin version 2.3.0 The FoxDen Forum > Sports Handicapping, Trends, and Stats > Bobby Bonilla
Search The Fox Den Forum:

Subscribe to this Thread


Last Message   Next Message
    
Author
Message    Post A Reply
cisco
FoxDen Hall of Famer

Registered: Jul 2004
Posts: 8616

Bobby Bonilla

50 yrs old and still getting paid, and for 22 more years!

Bonilla will be paid 25 equal payments of $1.193 million
Assumes an annual interest rate of 8% for 2000-2035

Old Post 03-20-13 03:44 AM
cisco is offline Click Here to See the Profile for cisco Click here to Send cisco a Private Message Edit post   Report post
CUBANO
FoxDen Hall of Famer

Registered: Jan 2009
Posts: 10875

Hell of an agent! Lol




EL CUBANO

Old Post 03-20-13 04:34 AM
CUBANO is online now Click Here to See the Profile for CUBANO Click here to Send CUBANO a Private Message Edit post   Report post
shooms79
FoxDen Hall of Famer

Registered: Sep 2007
Posts: 764

every year

Its still amazes me. If i recall, i think i read somewhere that he tried convincing so many other players to set up a similar pay structure. Genius? or are the mets---not so much.
Still, kudos for him...he beat the system.

Old Post 03-20-13 05:04 AM
shooms79 is offline Click Here to See the Profile for shooms79 Click here to Send shooms79 a Private Message Edit post   Report post
cisco
FoxDen Hall of Famer

Registered: Jul 2004
Posts: 8616

USFL
Steve Young signed a record 10-year, $40 million contract with the Los Angeles Express of the now-defunct United States Football League in 1984. He agreed to take his payment in the form of an annuity to help the fledgling team; he would receive 40 million dollars paid out over 40 years. It was with the Express that Young came into contact with coach Russ A. Molzahn. At the time, it was another huge signing by the fledgling league, who had also succeeded in signing then current Heisman Trophy winner, running back Mike Rozier of the University of Nebraska as well as the previous winner, University of Georgia's running back Herschel Walker. Despite being surrounded with some talent, such as future NFL'ers Jojo Townsell, Mel Gray and Kevin Nelson, and making the playoffs in Young's first season, the Express never was able to create a sustaining fan base in Los Angeles. Young missed the first six games of his rookie season because he took some college classes so he could graduate on time. However, he started the final 12 games and had a decent year. His most notable accomplishment was becoming the first pro football player ever to pass for 300 yards and rush for another 100 in a single game.
As it turned out, Young did well to take his contract in the form of an annuity. In his second season with the Express, owner William Oldenburg went bankrupt, and was forced to turn the team over to the league after being unable to find a buyer. The season rapidly became a fiasco. Before one game, the team bus driver refused to drive the Express to the Coliseum after his paycheck bounced. Young contributed a lot of money, as did some of his teammates, and the driver got them to their game. Young then lined up in the tailback position and took snaps from the shotgun formation because the Express were left with no healthy running backs.
The league ceased operations in 1986 after losing most of its claims in an antitrust suit against the NFL. As of 2010, Young continues to receive his annuity. Payments started at $200,000 per year in 1990 and will continue to increase annually. In 2027, the final year of the contract, Young will receive $3.173 million

Old Post 03-29-13 05:59 AM
cisco is offline Click Here to See the Profile for cisco Click here to Send cisco a Private Message Edit post   Report post
ronnie111
FoxDen Hall of Famer

Registered: Feb 2009
Posts: 3860

i remember one time in the METS clubhouse he went ballistic on a sportswriter, took 3 guys to get him off the guy.....a real sweetheart.




ronnie

Old Post 03-29-13 03:14 PM
ronnie111 is offline Click Here to See the Profile for ronnie111 Click here to Send ronnie111 a Private Message Edit post   Report post
jharmon64


Registered: Feb 2009
Posts: 120

I've Read

That the agent and others tried to get other players to sign this kind of a deal and had no takers.

Good for Bobby B.




"It's not about what you're capable of, It's about what you're willing to do." - Mike Tomlin

Old Post 03-29-13 03:55 PM
jharmon64 is offline Click Here to See the Profile for jharmon64 Click here to Send jharmon64 a Private Message Edit post   Report post
wildcat76
FoxDen Hall of Famer

Registered: Dec 2005
Posts: 2499

a great move

Old Post 03-29-13 11:17 PM
wildcat76 is offline Click Here to See the Profile for wildcat76 Click here to Send wildcat76 a Private Message Edit post   Report post
Post A Reply
  
  Last Message   Next Message

Quick Links: