Quote:
Originally Posted by Déjà Bru
Hmmm. Not so unusual, of course (deferred contracts have been around for quite a while) and not so bonehead . . . depending on those concepts of net present value and time value of money as discussed by this writer.
It sounds dumb to be paying a ballplayer who left the team in 1999 until 2035 but it depends on how the math works out. I would need the details of Bonilla's arrangement, plus the now-forgotten knowledge of how to convert a series of payments over time into NPV, to comment any further.
Still, there has to be a good reason why July 1 is so widely recognized and celebrated as "Bobby Bonilla Day."  |
If the Mets had turned the money saved into a ring in 2000, you'd be choosing your words more carefully.
