Bobby Bonilla, Bernie Madoff, & Deferred Contracts
Рет қаралды 4,959
Жыл бұрынThe tale of Bobby Bonilla is one of the most legendary stories in sports contract history. To some, such as everybody who wants to make $1.19 million every year for a job they finished decades ago, it's aspirational. To others, such as real estate developer and former New York Mets owner Fred Wilpon, it's cautionary.
I'm sure many of you have heard it before, but I wanted to explain why Bobby Bonilla is one of the only people to profit off of Bernie Madoff's crimes to those of you who might not know it because you don't follow baseball. Then again, if you don't follow baseball you probably won't click on this video to begin with. Oh well, at least the rest of you will get to find out why it's pronounced [Boh-NEE-uh].
@reedeparisi1900 Жыл бұрын
It’s not what you can do for capitalism, but what capitalism can do for YOU
@CanalOtro Жыл бұрын
Bobby Bonilla day should be a federal holiday.
@goldenfiberwheat238 Ай бұрын
It is in Canada
@meplahe Жыл бұрын
Never played or ever cared about baseball but your videos are always worth watching! Keep up the work :D
@A-Grain-of-Salt Жыл бұрын
Thank you so much! Appreciate the support :)
@thedoctor3528 9 күн бұрын
Ty! This was the best and simple explanation on this subject
@chrisjamesr77 Ай бұрын
It's kind of a different thing, but if you want to talk about "legendary stories in sports contract history," my favorite has to be the one that happened in the process of the NBA's merger with the competing ABA in 1976. The NBA accepted 4 ABA teams into their league, but one of the teams that didn't make the cut was St. Louis. The St. Louis owners struck a deal with the NBA where they got 1/7 of the TV revenue from those 4 teams IN PERPETUITY. The NBA bought them out in 2014, but suffice it to say, those St. Louis owners made a LOT of money over the years!
@DavidLee-id3lf 11 күн бұрын
happy Bobby Bonilla day
@ljphoenix4341 10 ай бұрын
This video randomly popped up in my recommended feed, and I'm glad I watched it. Entertaining and interesting 👌
@Bal4833 11 ай бұрын
I love the occasional sarcasm😂on this channel.
@DougUnfunny 10 күн бұрын
He got the Bag.
@brianmcghee3597 Ай бұрын
Dennis Gilbert may GOD bless you and your family. I know Bobby Bonilla thanks you everyday of his life.
@emack4371 3 ай бұрын
Bonilla also has a second deferred-contract plan with the Mets and Baltimore Orioles that was initiated in 2004 and pays him $500,000 a year for 25 years.....he got 2 teams to commit to deferred payments......he is The King of Deferred Payments
@mykal4779 Ай бұрын
that was mentioned in the video
@loboblanco4426 Жыл бұрын
Spectacular.
@FernandsLiveShowShow 11 ай бұрын
Maaaaan. Set for LIFE! Great channel btw, my kinda random trivia content
@deplorableokie Күн бұрын
Say what you want about Bobby’s baseball career, but his financial prowess is on another level
@smithsmithers2513 7 ай бұрын
This just happened to ohtani
@A-Grain-of-Salt 7 ай бұрын
Glad to see some people finding the video now! Hope it can help explain how deferred contracts work. And as a Dodger fan myself, hell yeah
@littleblackduck3134 10 күн бұрын
Why don't the Mets just cash him our, instead of being embarrassed by this deal every year
@AHA500 4 ай бұрын
He’s Puerto Rican 🇵🇷 It’s pronounced: Bow-knee-Ja
@mirzaahmed6589 25 күн бұрын
It's still a name of Spanish origin.
@dougshevlin2173 10 күн бұрын
lol my man gets paid on my birthday and doesn’t send this Mets fan a card
@mahdi5796 6 ай бұрын
This story is not as funny as your other ones,but still interesting
@artificiiall Жыл бұрын
damn that man affected the whole world with his scam. just finished the netflix mini-series Madoff. recommend it.
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