Comments on: Heyman: Bay’s Salary Being Deferred For Only Two Years

By: Just Some Internet Guy You Dont Know

Just Some Internet Guy You Dont Know — Wed, 14 Nov 2012 10:58:44 +0000

It’s not a settlement if you pay ALL the money. Bobby Jenks settled with the Red Sox for 70-75%. Why is it that it seems like the Mets can’t do anything right when it comes to money. Settle for less and pay it later. It’s just more ammo for Sandy to say they have no money when they’re still paying for Bay.

Yes I am pessimistic about anything Sandy Balderson does or doesn’t do.

By: USMF

USMF — Wed, 14 Nov 2012 02:02:37 +0000

Those numbers are inaccurate. The thing with Madoff wasn’t the huge returns, it was his ability to consistently deliver them even if the market dropped. Anyone who new that market and worked hard and had a little luck good do better than Madoff, but Madoff’s numbers were guaranteed.

That’s why the SEC never went hard after Madoff even when people raised questions about what he was doing.

I’ve done a lot of research on the matter (even as recent as yesterday) and found that there was a lot of miss information about the whole mess. And for those who think that Wilpon was the devil in the deal, what Wilpon put in a took out was chump change compared to the “Big Players”. The Wilpons just got all the attention because Picrad knew he could use the media against them.

By: Joey D.

Joey D. — Wed, 14 Nov 2012 00:56:10 +0000

Actually, I used the 16 percent figure only because that was determined as the average annual return Madoff got for all his clients.

By: Just_Da_Damaja

Just_Da_Damaja — Tue, 13 Nov 2012 22:54:09 +0000

Actually it was said their returns ranged FROM 12-18%

By: Justin

Justin — Tue, 13 Nov 2012 22:04:00 +0000

If the team does sell, it will go for $1.5 billion, pretty sure that 15 mil would be a drop in the bucket. But I’m pretty certain Katz and Wilpon are here to stay. Long after they’re gone the grandchildren will be running things.

By: USMF

USMF — Tue, 13 Nov 2012 22:02:16 +0000

I’d still like to know how the money was divided up. Is it 7mil a year for three years? Probably not…

I’m guessing it’s more like 15mil this year and three mil the next two years.

Any less than that then it wouldn’t be worth it for Bay to take the buyout.

By: USMF

USMF — Tue, 13 Nov 2012 21:56:55 +0000

The Mets wasn’t getting 18% from Madoff…it was closer to 10%.

But the Bonilla was a good deal for both parties. Mets got to defer payments and invest the money (probably with Madoff) and because of interest and the complete devaluing of our dollar, still made out good on the deal.

Bobby Bo made out because he got the Mets to give him basically a guaranteed that a positive return and allows him to get a nice yearly salary late in his life when he otherwise may not have a source of income.

By: hotstreak

hotstreak — Tue, 13 Nov 2012 21:32:14 +0000

If the Wilpons and Katz have to sell within two years then by 2015 the deferred amount of 15M will be assumed by the new buyer’s). The new buyers will then have this amount accounted for as an additional cost/investment for their purchase of the Mets.

By: Just_Da_Damaja

Just_Da_Damaja — Tue, 13 Nov 2012 21:13:22 +0000

Not really…

the Bonilla deal was designed for the mets to make buku cash…

they took BB’s money and invested it with Bernie…getting 18% and giving back BB 8% back

By: Metstheory22

Metstheory22 — Tue, 13 Nov 2012 20:51:29 +0000

Better than the Bonilla deal, I guess.

By: Joey D.

Joey D. — Tue, 13 Nov 2012 20:39:16 +0000

I don’t know if this makes a dent in Sandy’s payroll plans for I remember what he said last winter, that he wasn’t going to spend all his allocation over the winter but keep some in reserve for use during the season (though we know he wound up not using much of it anyway).

By: TRS86

TRS86 — Tue, 13 Nov 2012 19:14:21 +0000

Seems like a win for the Mets as well because if it’s only over the course of the next 2-3 years then it still is likely to be much less of a burden on the Mets payroll this upcoming season. Unless they only deferred like 3M of it which would be pointless anyway.

By: Angelo

Angelo — Tue, 13 Nov 2012 18:50:39 +0000

step by step