[sokoloff]

I don't see how it was even a particularly bad contract, let alone the "worst in sports history".

Borrowing money at 8% is a pretty reasonable commercial lending rate for the time (30-year fixed mortgages were only a couple points lower).

So, they took out a $5.9MM loan from Bonilla to pay Bonilla, accrued interest for 11 years without making any payments, and then started paying it off on a 25 year amortization schedule, all at 8% interest.

https://docs.google.com/spreadsheets/d/1wWMBl9YsLfjC3A6A_ZI6...

[VWWHFSfQ]

It was bad for Bobby Bonilla.

[sokoloff]

Given that he had ample access to professional advisers and voluntarily entered into the agreement, I think he would have disagreed with that assessment at the time. (I think it was a fairly balanced contract, not outlandishly good nor bad for either side, with an interest rate lower than the Mets' likely marginal cost of capital and higher than Bonilla could have secured on a deferred annuity.)

[the_watcher]

I mean, he turned $5.9M into $30M, then made $1.1M in the time he would have made $5.9M. Doesn't seem like that bad a deal for him.