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by VWWHFSfQ 2535 days ago
It was bad for Bobby Bonilla.
2 comments

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.)
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.