Baseball lovers and Mets fans: Is this true or satire?

[TheGLOV]

 

[yeahtoasty]

Not the highest paid, but the deferred payments in his contract guarantees that he receives $1.19 million every July 1 through 2035.

 

[interrobang]

Bret Saberhagen still has 9 years left on his Mets' deferred contract at 250k per year, too.

 

[whart]

BTW.....being reported that the owner of The Philadelphia 76ers and The Devils Hockey Team Josh Harris is exploring an acquisition of the Mets.

 

[LongJakk]

Bobby Bonilla Day is July 1st.

 

[puddy2632]

I find this amusing every year. Though in reality there are several players and teams that do this. Plus, the 2020 Mets payroll is $174 Million. Bonilla's salary equates to 0.68% of that total. Not even a drop in the bucket.

 

[anon_is9z1n0h3zblb]

Mario Lemieux ended up as one of the owners of the Penguins due to deferred compensation. That's got Bobby Bo beat

 

[MJG-90]

The joke is he's the highest paid in 2020 -- because unless MLB and it's players come to an agreement, nobody else will be getting paid.

 

[ftlpsu]

From a personal finance point of view, is that a good thing or a bad thing?

I'm sure his contract would have been significantly smaller if he insisted on the money during his playing days but he would have had the benefit of the compounding...if he didn't spend it or if he didn't invest it wisely or die.

Good thing for most professional athletes

 

[LafayetteBear]

The joke is he's the highest paid in 2020 -- because unless MLB and it's players come to an agreement, nobody else will be getting paid.

I was wondering about that. Specifically, about whether some of the player contracts might be fully guaranteed, in the sense that the player gets paid in any and all events (i.e., even if there is no season). Apparently not.

Given that MLB has had prior work stoppages (part of the 1981 season was lost, and I believe 1994 was a complete loss), it is certainly foreseeable that a season might be wiped out. Seems like a player with real leverage might have asked for something like this.