The story behind one of baseball's most legendary contracts
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3 жыл бұрынThe Mets are sitting atop National League East and enjoying a good return so far on the team's $196 million payroll. But included in that figure is nearly $1.2 million for a player that hasn't stepped to the plate in more than 20 years, and one the team will continue to pay for another 14 years. Here's more on the now-infamous arrangement between an athlete and an owner, and the most notorious Ponzi scheme in history.
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@justinbenning2428 3 жыл бұрын
He also gets $500,000 every July 1st from the Orioles until 2029. That one started in 2004.
@PaulGreen11 3 жыл бұрын
Gat Damn!!!!
@chiarosuburekeni9325 3 жыл бұрын
Definitely don't hate him for it
@cflo1386 3 жыл бұрын
Good for him.
@RobimusPrime 3 жыл бұрын
Damn! Orioles, too. Must be nice sitting on the couch, getting paid.
@revlo1557 3 жыл бұрын
Goodness! Bobby can simply do nothing for the rest of his life and be set. LEGEND
@bodietyler519 3 жыл бұрын
Met Bobby as a kid. Signed a baseball, gave me a smile, and gave me a high five. One of the highlights of my childhood.
@theBIGBLUTO 3 жыл бұрын
What I'd like to see is the players reactions that proclaimed he was a idiot for signing a contract like that that are now flat broke after blowing millions and filing bankruptcy...
@barak-rocky-giles2081 3 жыл бұрын
I imagine there would be a whole lot of crickets... lol
@theBIGBLUTO 3 жыл бұрын
@@barak-rocky-giles2081 that and looking down at their feet is what people do when they know when they're guilty !
@el_ra 3 жыл бұрын
We all want a Bobby Bonilla contract
@lamara8497 3 жыл бұрын
A contract is a contract! He had a great agent that was in his best interest. Won't find them like that anymore.
@yell0wberry 3 жыл бұрын
If he had such a great agent, why is he the only client with such a contract?????
@barak-rocky-giles2081 3 жыл бұрын
@@yell0wberry 1.) He's not the only one. Just the most extreme case. KG is still getting paid by the Boston Celtics. 2.) It doesn't happen very often because it's not in a teams best interest, so they're not agreeing to it very often.
@yell0wberry 3 жыл бұрын
@@barak-rocky-giles2081 you’re not wrong, but I was referring to Bobby Bonilla‘s agent, his agent does not represent Kevin Garnett……. If we were speaking in those regards, Bonilla‘s former teammate, Bernard Gilkey had a deferred contract as well
@barak-rocky-giles2081 3 жыл бұрын
@@yell0wberry oh okay. Got it. I see what you're saying.
@universalask 3 жыл бұрын
Well said. Just like the clowns that signed bad mortgages and student loans.
@jeffbenedict7908 3 жыл бұрын
No one should have a problem with this.
@tremontproductions2561 3 жыл бұрын
If your not a Met fan you can’t talk if you don’t know nothin
@petegonazalez23 3 жыл бұрын
I'm a mets fan and Good for Bonilla. METS played him in the beginning but Bonilla ended up winning. 👏🏽
@pndperry Ай бұрын
I helped build that new stadium good for Bobby
@masonjones3780 3 жыл бұрын
GOOD FOR BOBBY. I WISH I HAD HIS DEAL
@madturtle8826 3 жыл бұрын
Don’t blame the playa, blame the game.
@cflo1386 3 жыл бұрын
I like how at the beginning this "Journalist" crapped on Bonilla's "Scheme" contract, but never mentions what a smart move Bonilla and his agent made with this contract.
@artvaughnjr 3 жыл бұрын
Ponzi scheme
@TheLastWalenta 3 жыл бұрын
She was talking about Bernie Madoff, not Bonilla. It was pretty obvious, actually.
@stevensuarez6564 3 жыл бұрын
Bobby bonilla, with the '97 Marlins world series team. Good times.
@cflo1386 3 жыл бұрын
He was on that roster?
@stevensuarez6564 3 жыл бұрын
@@cflo1386 yup.
@jimmyk127 3 жыл бұрын
I remember when Bobby Bonilla got into an argument with a reporter Bobby Bonilla said I will show you the Bronx
@paulgentile1024 3 жыл бұрын
Overrated play
@anthonyscarpa6107 2 жыл бұрын
Yeah that would be Bob Klapisch writing that book on worse players team money could buy and that was meant for Bonilla.. Bonilla should have shown him the Bronx.. Eddie Murray wanted to slap Klapisch around as well
@jimmyk127 2 жыл бұрын
@@anthonyscarpa6107 today his contract got auction of for 180,000
@anthonyscarpa6107 2 жыл бұрын
@@jimmyk127 And Bonilla is still getting paid for what another 15 years I'm happy for him he was treated poorly by his own City
@jimmyk127 2 жыл бұрын
@@anthonyscarpa6107 he was treated Poorly in his own City and the reporter too when he told the reporter I'll show you the Bronx
@christopherliston2371 3 жыл бұрын
Love Bobby Bonilla Day! I hope all Professional Athletes watch and follow Bobby!
@duncanbleak3819 3 жыл бұрын
A deal is a deal. Simple.
@72Dexter72Manley72 3 жыл бұрын
Kevin Garnett has been getting $5 million per year from the Celtics, which stops in 2023.
@pomerlain8924 3 жыл бұрын
And Manny Ramirez is getting $2 million per year from the Red Sox through 2026.
@cloud8317 3 жыл бұрын
Why does no one talk about the Braves still paying Bruce Sutter?
@ccam131524 3 жыл бұрын
I'm in GA and never even heard of it. Learned something new 👍🏽
@BallparkHunter 3 жыл бұрын
The Braves paid out their last check to Sutter this year. He hasn’t played for the Braves since 1988!
@Bbmangood 3 жыл бұрын
I never even saw Bobby Bonilla play but I will say that I love Bobby seriously he has got to be one of the smartest baseball players that was a great deal and he still getting paid today and probably until he hits around 70
@Roberto-Antonio 3 жыл бұрын
I can't understand why so many hate on Bobby Bonilla? You can't hate a guy for making one of the smartest baseball deals in the history of the game. To be getting paid 20 years after retiring from the game is genius, I say we should all celebrate Bobby Bo Day! ⚾️ 💪😎 🇵🇷
@kevindao1103 3 жыл бұрын
@@Roberto-Antonio An annuity until 2035. Bonilla negotiated a great deal! With a little help from Bernie Madoff nevertheless.
@paulgentile1024 3 жыл бұрын
Well I saw him play and he was overrated.. smart okay.. the smartest overrated player I saw....
@paulgentile1024 3 жыл бұрын
you love a guy you never saw play baseball before ?.. seriously ? Ok.. as a baseball fan I could care less about anybody's contract. I'm only interested in how he plays on the field..
@survivalmode7032 3 жыл бұрын
Then he starts collecting his baseball pension
@hustlecrowe9440 3 жыл бұрын
And David Wright would suffer a career-ending injuries, but refused to retire so could keep getting paid on his contract. Which was 2015: $20 million (played 38 games) 2016: $20 million (played 37 games) 2017: $20 million 2018: $20 million 2019: $15 million 2020: $12 million
@zenmar84 3 жыл бұрын
Dude was up and coming when i stopped watching baseball. They were saying that he would be bigger than jeter in NY didn't know he got injured.
@richardkempton1894 3 жыл бұрын
He should have just named his book "Bad stuff about the Mets". You old school Met fans will get that reference. lol
@ericlee5483 3 жыл бұрын
The masses are so ignorant. Instead of having to pay him all at once, the team got to keep the money at that time. That gave them the opportunity to make money off the money in the meantime - even if it meant just gaining interest. On the other hand, it’s money that Bonilla couldn’t use to make money. And Mr. Cohen should explain that, instead trying to help vilify the man.
@localone1597 3 жыл бұрын
The man has a right to this money. It worked for the Met's at the time and it works for Bonilla right now. Everyone won but just not at the same time.
@marcrankin1707 3 жыл бұрын
Allen Iversion will be smiling in a few years as well.
@TexasMade903 3 жыл бұрын
Wife is getting half of that.
@marcrankin1707 3 жыл бұрын
@@TexasMade903 half of something is better than all of nothing.
@TexasMade903 3 жыл бұрын
@@marcrankin1707 Yeah you right. Rip John Thompson, I think he set that deal up.
@bb-gc2tx 4 ай бұрын
i saw iverson and his mother lose a ton of money at 3 card poker table at the borgota back in 2005 a dealer told me after they left he dropped about 150 k in 2 hours
@antoniopacheco3471 3 жыл бұрын
Bobby Bonilla☝🙏💪🔥🔥🔥🔥🔥
@dawnajamison430 3 жыл бұрын
Love him from Pirates to today
@DENNISMARTINEZSOLOPORHOY 3 жыл бұрын
We grew up together Bronx NY St Mary's park.. I know his story. He carries our neighborhood on his back.... He deserves every penny. and more. No one can block God's intended blessings for someone period. Don't be a HATER be a Congratulator .
@davidellis5141 3 жыл бұрын
July 1st is Bobby Bonilla day ! A cool Million dollar 💵 day for him - The Stugotz in him is strong 💪😀👍
@markaveryjr7463 3 жыл бұрын
Lindor's a bum
@dme1016 3 жыл бұрын
Bernie Madoff scamming the Mets had a lot to do with this deal. The Mets needed more upfront $$ for their deal with Madoff, so they extended Bonilla's contract payout....Greed & stupidity..
@irahwebster1088 3 жыл бұрын
How about the billions Cohen receives? No one ever seems to complain about the billionaires!
@letaureau3622 3 жыл бұрын
Pay little tax or none remember for Billionaires only
@MrSharper802 3 жыл бұрын
Its not a Ponzi scheme. Its a simple time value of money calculation. He took deferred money which allowed the team to spend more in the moment and secured Bonilla's future earnings for years to come.
@extendedclips Жыл бұрын
simplicity ☝️
@jerichosaril2395 Жыл бұрын
The Ponzi scheme they explain here is the Madoff fiasco the Wilpons got into...
@mrmartywaring 3 жыл бұрын
The smartest payout in sports history
@jduke93 3 жыл бұрын
Happy Bobby Bonilla day
@richardcoreno 3 жыл бұрын
Hardly these kinda numbers -- but in November 1976, the Cleveland Indians signed free agent pitcher Wayne Garland to a 10-year, $2.3 million contract. A torn rotator cuff and other injuries found his W/L after five forgetful seasons at 28-48 with a 4.50 ERA.....and outta MLB. Years later, a co-owner of the club admitted the signing was only done for PR purposes, since the ownership group knew they were selling the franchise....which was done in early 1978.
@frame3139 3 жыл бұрын
That’s just good business
@jalabi99 2 жыл бұрын
Let’s be fair here: Bobby Bonilla's not the only player who is still on a deferred contract. There's Derek Jeter, Manny Ramirez, and even Bruce Sutter, who last pitched for the Atlanta Braves in 1988 but was being paid on a deferred contract until 2021. So basically, the Wilpons thought that they were pulling the wool over Bobby Bo’s eyes, meanwhile they were getting fleeced by Bernie Madoff. Sweet justice! Happy Bobby Bonilla Day!
@kirkmcallister2150 Жыл бұрын
Ken Griffey Jr gets over 3 million a year on a deferred contract
@madboyreadynow28 3 жыл бұрын
A Ponzie scheme is a crime to take money. This is an agreed contract the Mets agreed to. No scheme of any kind.
@Maneco2109 3 жыл бұрын
the orioles still pay this man also 500k a year for 25 years.
@MrShitfire 3 жыл бұрын
Fyi Bobby Bonilla isn't the only retired athlete still getting paid from their former team.
@vu7419 3 жыл бұрын
yeah, but not for 40 years afterwards
@realdarrenparis1476 3 жыл бұрын
Love the music
@ssherrierable 3 жыл бұрын
Hey don't hate on bobby because he didn't do anything wrong here. If any of us could have that contract where we are still getting paid we all would sign right now.
@anthonyscarpa6107 2 жыл бұрын
BOBBY BO ! Guy had tremendous strength I remember 1990 against the Mets on opening day when Bonilla was with the Pirate's he crushed a Home run off Jeff Innis the ball hit the team bus in the Parking Lot at Shea Stadium.. Than as a Marlin he hit the Ball out of Tiger Stadium... I'm glad Bonilla is getting these payments thanks to Dennis Gilbert Met fans and the media treated him poorly.. But Bonilla got the last laugh as he said he would and that smile on his face became more glowing.. Go Bobby Bo he was my favorite Player growing up 💯
@blackice3395 3 жыл бұрын
Good for him salute!
@chriss172 3 жыл бұрын
Smart man, good for you bobby. I look foward to more Bonilla days. Isn't boston still paying Manny?
@hennylo68 3 жыл бұрын
Yeah they are but at least Manny produced for the Red Sox.
@AnthonyScarpa-er3sq 8 ай бұрын
Bobby Bonilla is King of New York
@dmac7406 3 жыл бұрын
I cannot believe this needs explained yearly this is basically how the bank makes money off your mortgages people lmao .
@BradColemanisHere 3 жыл бұрын
Wasn't a bad deal then, still isn't especially how it turned out for the Mets. They save money every year (due to inflation) too!
@xq8152 3 жыл бұрын
I used to froth at the mouth over Dan Jacobson on ESPN.
@lamakina2533 3 жыл бұрын
How is this a Ponzi Scheme ? It’s a contract.
@raymondluxuryacht86 3 жыл бұрын
The contract itself isn't the Ponzi scheme. It was mentioned because the reason the Mets did Bonilla's contract this way was because the Wilpons had lost a ton of money in Bernie Madoff's Ponzi scheme.
@tomv5988 3 жыл бұрын
@@raymondluxuryacht86 it is a good deal. I mean it was a good deal.
@WonkaBiz 3 жыл бұрын
Kinda the actual definition of set for life
@pndperry Ай бұрын
I’m happy for him
@FoodDeliveryStories 3 жыл бұрын
Smart man
@eddiecox552 3 жыл бұрын
Black man got over on the system …..deal with it y’all got away with more !!!!
@michaelbuley4776 3 жыл бұрын
Best contract ever
@anthonymarcano2974 3 жыл бұрын
I’ll agree to never play for the Mets for 1/2 that amount.
@mikeschmidt4800 3 жыл бұрын
Allen Iverson is paid $800,000 annually by Reebok for life.
@ricardovillanueva7394 3 жыл бұрын
I never heard that saying
@therealchucktaylor3392 3 жыл бұрын
Miss Dana on ESPN !
@luisosorio5213 3 жыл бұрын
They mad because he is Puertorrican! Hahahaha
@onehandclapping3094 3 жыл бұрын
I don’t blame Bobby bo at all. Great job
@timbrown5576 3 жыл бұрын
All players should have contracts like that. Everybody wins.
@luisosorio5213 3 жыл бұрын
Smart guy! Bobby Bonilla is the men!
@Gatorfan_Cavon 3 жыл бұрын
Idk why they just pay the rest to him to get the money off their books
@nonamegame9857 3 жыл бұрын
He may not want to be paid off all at once due to the taxes that would be owed.
@ivanko6able 3 жыл бұрын
Why?
@bitsnpcs9877 3 жыл бұрын
How does that man have the time to do it, sports agent and the author or sooooo many books. Some people man.
@Teddy_Graham 3 жыл бұрын
If I was a pro baller I would take a 60 million payout contract for 30 years. It frees up cap and in the case of an injury I’m protected for life.
@tomv5988 3 жыл бұрын
Yeah exactly. How many players are broke in less than a decade?
@JoseMorales-lw5nt 3 жыл бұрын
BASEBALL'S EQUIVALENT OF THE LIFE GUARANTEES. We've got death and taxes. MLB has Bobby Bonilla Day and The Hall of Fame Inductions minus Pete Rose...
@Ralph_Malph 2 жыл бұрын
Happy Bobby Bonilla day everyone !
@matthelm344 3 жыл бұрын
I think Bruce Sutter had a better deferred deal from Atl.
@crazyman8472 3 жыл бұрын
A contract is a contract is a contract. 🤑
@grayac6802 3 жыл бұрын
How can people be mad at money that’s not theirs nor have to pay out #insanity
@guelonice4640 3 жыл бұрын
Que le sigan pagando 🤷♂️🤷♂️
@RedEyed2012 3 жыл бұрын
Amazing the LARGER salaries as viewership sinks for both professional sports and TV/Movies.
@tremontproductions2561 3 жыл бұрын
@R P this is a Mets video what does China have to do with this Lindor can’t hit
@hustlecrowe9440 3 жыл бұрын
funny, because the value of pro teams continue to skyrocket
@andrewjones2133 3 жыл бұрын
I’m a diehard Mets fan and I don’t approve of this message
@djkevin314 3 жыл бұрын
I am too, and don't care!
@roybatty6368 3 жыл бұрын
inflation ruins this.
@gonedeep43 3 жыл бұрын
Damn!! Bobby hasn't aged well.
@KingofgraceSARA 3 жыл бұрын
He's overweight, true, but look at his face. Not a wrinkle.
@simonblanco4864 3 жыл бұрын
How sad, but when you're considered old and washed up the team releases the player.
@Ben-il3oc 3 жыл бұрын
Such a Mets thing to do
@snkerhubbx8905 3 жыл бұрын
Mets need to bring back those black uniforms
@James_z32 3 жыл бұрын
Bonilla is my uncle
@aeazy108 3 жыл бұрын
It’s a BUSINESS don’t get mad @ BONILLA NYM makes so much money anyways 1M is chump change to them!
@jmccOutdoors 3 жыл бұрын
Goof for Bonilla
@MakeupGaloreInc 3 жыл бұрын
Honor the contract.
@tomv5988 3 жыл бұрын
Looks like a good deal.. The money is there People understand that now.
@tomv5988 3 жыл бұрын
I don't think the owner will reneg
@mrmacho41 3 жыл бұрын
Army still paying me
@duaneisaacs9097 3 жыл бұрын
Why u pocket watching
@torosdepamplona 3 жыл бұрын
We’re Puerto Rican. We know how to hustle. lol
@torosdepamplona 3 жыл бұрын
By the way, he got two other plans like this.
@niteporter 3 жыл бұрын
Just had to show them beating my phillies huh? Show us the Mets most recent world series win?
@anthonyscarpa6107 2 жыл бұрын
Watch this year buddy
@gabedaxe477 Жыл бұрын
It’s just amazing how the nym is the second best team in NY 💩
@puddincup9879 3 жыл бұрын
There’s so much wasted money floating around
@sincerelyjerry244 3 жыл бұрын
haters are gonna hate!
@luismayoral8254 3 жыл бұрын
The amazing fools
@amosculbreth5308 Жыл бұрын
Its not scheme smh don’t be a hater
@stenbak88 3 жыл бұрын
Dennis Gilbert deserves a trophy... what trophy I do not know but he needs something
@robertbutler2360 3 жыл бұрын
I would like to know WHO was his agent..
@xq8152 3 жыл бұрын
Dennis Gilbert
@Breen09 3 жыл бұрын
Every year they bring this story up! At this point even people in North Korea know about Bobby Bonilla day. Who cares, move on
@Aaron25thinfantry 3 жыл бұрын
I bet he pays more taxes on that milli then Bezos
@grundlebutter5624 3 жыл бұрын
You think Bobby or anyone else for that matter gives two rat farts about your opinions at all? This man only cares about July 1st and absolutely detests leap years...
@majorcharger 3 жыл бұрын
Atlanta Braves will WIN the Division. JUST PAY BOBBY BO😃
@wsmokr 3 жыл бұрын
Not with that horrible bullpen and Acuna out for the year
@majorcharger 3 жыл бұрын
@@wsmokr "What chu talkin bout WILLIS" FACE A** BOY😂
@wsmokr 3 жыл бұрын
@@majorcharger The truth.The bp sucks, starting pitching not so great ,and the best player on the team out for the remainder of the season with a torn acl.
@majorcharger 2 жыл бұрын
Howwwwwww bout DEM BRAVES😂
@samallardyce2522 3 жыл бұрын
hustler 👏👏
@besartkortoci6195 3 жыл бұрын
LGM
@pitrewinkler6334 3 жыл бұрын
The jagged thunder biophysically dream because fairies pathogenetically subtract through a discreet ice. snobbish, zany sidewalk
@johngaling5643 3 жыл бұрын
First
@louiscostanza5971 3 жыл бұрын
Typical MUTS fashion
@djkevin314 3 жыл бұрын
OLD NEWS! I heard it every year! WHO CARES!
@vu7419 3 жыл бұрын
WHATS ON SECOND!
@tommybrown3052 3 жыл бұрын
Bonilla wasn't even that good a player, but his agents got him these dream deals.
@MrTee12 3 жыл бұрын
What... you're crazy! Look at his stats. He was a 6x All-star, WS champ, Silver Slugger, almost 300 career Hrs. www.baseball-reference.com/players/b/bonilbo01.shtml
@tommybrown3052 3 жыл бұрын
@@MrTee12 I think I was wrong , yes. I checked his stats. I was surprised. He was a Baltimore Oriole for 1 or 2 years and was terrible in the 1996 ALCS going 1 for 23 or something. ("I'm a long time Baltimore fan I live in Baltimore)
@MrTee12 3 жыл бұрын
@@tommybrown3052 Gotcha. No prob. It happens. What a genius contract he has!
@anthonyscarpa6107 2 жыл бұрын
Your crazy Bonilla had 2010 career hits and 287 career Home runs and 1100 RBIs .. He wasn't good your stupid for even saying that . The guy went too 6 All Star Games and won a WS with the Marlin's.. Bonds and everyone else was on Steroids in that era.. Bonilla wasn't
@anthonyscarpa6107 2 жыл бұрын
@@tommybrown3052 Ummmmmmm... Bonilla hit 28 Homers and 116 RBIs for your Orioles as a DH so how was he not good enough for you.. Palmeiro was on Steroids
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