Quote:
Originally Posted by mrreality68
The Bobby Bonilla thing is funny but that is deferred money (so teams free up money in the present to spend on other players) and they pay later but some are extreme long deferment and with interest it really adds up. His I think was a 6.6 million dollar deferment and they started paying 10 years later with interest accruing from day 1.
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With an interest rate related to the Mets profits (at the time) from Bernie Madoff.
And, Bonilla has a second deferred payment each year from the Orioles.