hmmmm living the American Dream
SAN JUAN, P.R.?One year from today, the Mets will add to their payroll a 47-year-old, past-his-prime power hitter who has a reputation as a malcontent?a player who has been retired from professional baseball for nine years and won't play another game again.
Nevertheless, starting on July 1, 2011, Bobby Bonilla will remain on the franchise's payroll for 25 years, collecting an annual salary of $1,193,248.20. Those are the terms the Mets agreed to Jan. 3, 2000, when they bought out the final year of Mr. Bonilla's contract..Former Met Bobby Bonilla calls his Mets contract, which will earn him $29,831,205 between 2011 and 2035, 'that beautiful thing.'The idea wasn't completely unilateral," said Mr. Gilbert, a senior partner at Gilbert-Krupkin LLC, an insurance and estate-planning firm. "It wasn't one way. Both sides thought it was a good ideaIn fact, according to Mr. Gilbert, the only real sticking point in the deal was the interest rate. The two sides eventually agreed on 8 percent. In January 2000, the U.S. Prime Rate was 8.5 percent, according to FedPrimeRate.com.
Nevertheless, starting on July 1, 2011, Bobby Bonilla will remain on the franchise's payroll for 25 years, collecting an annual salary of $1,193,248.20. Those are the terms the Mets agreed to Jan. 3, 2000, when they bought out the final year of Mr. Bonilla's contract..Former Met Bobby Bonilla calls his Mets contract, which will earn him $29,831,205 between 2011 and 2035, 'that beautiful thing.'The idea wasn't completely unilateral," said Mr. Gilbert, a senior partner at Gilbert-Krupkin LLC, an insurance and estate-planning firm. "It wasn't one way. Both sides thought it was a good ideaIn fact, according to Mr. Gilbert, the only real sticking point in the deal was the interest rate. The two sides eventually agreed on 8 percent. In January 2000, the U.S. Prime Rate was 8.5 percent, according to FedPrimeRate.com.
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