8 more years left on Pujols contract
- Thread starter the cool
- Start date
Ever heard of the Contract the Yankees gave A-Rod?
http://money.cnn.com/2007/10/19/commentary/sportsbiz/
http://www.google.com/url?sa=t&rct=...4HKwyX2gCWI8xvGQLv54mHQ&bvm=bv.50310824,d.dmg
They called it a "A Bargain" at the time...
dallastexas
Banned
yankees won a title with arod,,angels WILL NOT,,,arod actually gave them a couple years of great play,,pujols did not,,,,,, its a BIG difference,,then the fast that in pujols last year they will pay him 30mil..........
yankees won a title with arod,,angels WILL NOT,,,arod actually gave them a couple years of great play,,pujols did not,,,,,, its a BIG difference,,then the fast that in pujols last year they will pay him 30mil..........
Whos to say the Angels wont win a Title in the Next 8 years? some of you nikkaz man.... SMH
A-Rod worse years have come after he opted out and his contract was $35-60 Million (Depending how many homers he ends up with) more than Pujols. Pujols got $240 A-Rod got $275 to $300 million. Have you been living under a rock as of late? the Yankees were willing to GIVE A-Rod the remaining $100 million for him to RETIRE and he refused.
dallastexas
Banned
angels wont,, id bet whatever u want to bet on that
pujols got a 240 mil contract,,,, ham got 125 mil... they will owe trout $$$$ when his time comes
they have horrible pitching and cant afford top of the line pitchers and they have a shytty bullpen
if you think the angels will be able to win a ring in the next 8 years................ then u dont know what you are talking about
When it came time to negotiate with The Mets, Bobby Bonilla was smart enough to secure one of the most forward thinking contracts in sports history. He knew The Mets wanted him gone but technically owed him $5.9 million. He also knew he had a young son and daughter who would be looking to go to college, and as a 36 year old, he likely had many years worth of life to live. So at this point, Bobby and his agents offered a unique compromise: The Mets would release Bobby to play for another team and they would delay the $5.9 million payment for 11 years, with interest. In essence, The Mets agreed to pay Bobby a total of $29.8 million (instead of $5.9 million) in 25 annual installments of $1.192 million, starting in the year 2011. When he received his first $1.192 payment, Bobby was 48 years old and had not played in the big leagues for 10 years. He has basically guaranteed himself a big league salary every year for the rest of his life. Today Bobby Bonilla makes more per year from the Mets than most of the team's active players! So why would The Mets agree to this deal?
In 1986, Real estate developer Fred Wilpon purchased 50% of The New York Mets for an undisclosed sum. He purchased the remaining 50% for $135 million in 2002. Wilpon was also one of the biggest investors in Bernie Madoff's Ponzi scheme hedge fund. Prior to the fund's December 2008 collapse, Madoff was returning a consistent (and completely fake) double digit rate of return every year. With those returns in mind, Wilpon knew that The Mets would actually make a huge profit by deferring Bonilla's $5.9 million. Even though that meant agreeing to pay him more than five times the amount they owed ($29.8 million), Wilpon could safely estimate that the Mets would make $60-70 million off $5.9 million over those 25 years investing with Madoff.
In 1986, Real estate developer Fred Wilpon purchased 50% of The New York Mets for an undisclosed sum. He purchased the remaining 50% for $135 million in 2002. Wilpon was also one of the biggest investors in Bernie Madoff's Ponzi scheme hedge fund. Prior to the fund's December 2008 collapse, Madoff was returning a consistent (and completely fake) double digit rate of return every year. With those returns in mind, Wilpon knew that The Mets would actually make a huge profit by deferring Bonilla's $5.9 million. Even though that meant agreeing to pay him more than five times the amount they owed ($29.8 million), Wilpon could safely estimate that the Mets would make $60-70 million off $5.9 million over those 25 years investing with Madoff.
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