Happy Bobby Bonilla Day!

TobyTyler

EOG Dedicated
I didnt realize the Nets were still paying Deron Williams..though as of yesterday all paid off think i saw
 

TobyTyler

EOG Dedicated
I picture Bonilla every July 1 putting his entire uniform on, tight as hell, can barely get into it. Cleats and all. Sits on his porch with a jack and coke waiting for the mailman to come with his check.
This is how it happens, i refuse to believe otherwise.
 

Foresthill

EOG Addicted
The greatest business deal in sports was the one that the dudes who were owners of the St. Louis Spirit of the professional basketball league.

The spirits owners desperately wanted a team in the NBA. That's why they had an ABA team to begin with, hoping it would be absorbed by the NBA. They didn't get their wish. Instead, as a "consolation prize", they get a payment (not sure how much) in perpetuity from the NBA.
 

pro analyser

EOG Dedicated
When Bruce Sutter signed with the Braves before the 1985 season, he agreed to a deal for six years and $9.1 million. Each year, his Braves “salary” of $750,000 was just an interest payment on the money, roughly 8 percent interest, which means he still got paid in 1989 and 1990 despite being retired. Then for 30 years, the Braves have been on the hook for $1.12 million every year, and in 2022, when Sutter is 69 years old, they owe him a balloon payment of that $9.1 million. All in all, it’s over $47 million for a pitcher who delivered just 40 saves for a team that averaged 96 losses per season.
 

pro analyser

EOG Dedicated
The spirits owners desperately wanted a team in the NBA. That's why they had an ABA team to begin with, hoping it would be absorbed by the NBA. They didn't get their wish. Instead, as a "consolation prize", they get a payment (not sure how much) in perpetuity from the NBA.
The Silna brothers owned the St. Louis Spirits at the time of the ABA-NBA merger, when the NBA absorbed the Nets, Spurs, Pacers and Nuggets. Of the remaining franchises, the Virginia Squires folded and the Kentucky Colonels took a $3M buyout, but the Silnas held out. In return for allowing the merger, they got paid $2.2 million, plus one-seventh of the broadcast TV revenues from each of the four teams joining the NBA. That worked out to 57 percent of a normal share, and they got it in perpetuity. They racked up over $300 million before the NBA finally bought them out in 2014, for something like $500 million more. Of course, like the Mets, they lost a big chunk of that money investing with Bernie Madoff. The best deal came for their lawyer, Donald Schupak, who got 10 percent — roughly $1.45 million — every year, just for putting the deal together.
 

Foresthill

EOG Addicted
The Silna brothers owned the St. Louis Spirits at the time of the ABA-NBA merger, when the NBA absorbed the Nets, Spurs, Pacers and Nuggets. Of the remaining franchises, the Virginia Squires folded and the Kentucky Colonels took a $3M buyout, but the Silnas held out. In return for allowing the merger, they got paid $2.2 million, plus one-seventh of the broadcast TV revenues from each of the four teams joining the NBA. That worked out to 57 percent of a normal share, and they got it in perpetuity. They racked up over $300 million before the NBA finally bought them out in 2014, for something like $500 million more. Of course, like the Mets, they lost a big chunk of that money investing with Bernie Madoff. The best deal came for their lawyer, Donald Schupak, who got 10 percent — roughly $1.45 million — every year, just for putting the deal together.

Good Info. Thanks, pro analyser.
 

Sportsrmylife

EOG Master
Warren sharp made a tweet.

Career backup qb chase daniels has been in the nfl for 11 years.

On march 24 2020 he signed a three-year deal worth $13.05m with the detroit lions.

2.25m signing bonus. 5m guaranteed.

According to overthecap he will be paid $42,888,235 in his nfl career after his lions contract ends in 2022.

He will be 36 in 2022.
 

bomzee

EOG Dedicated
the word of a lifetime for the Silna brothers is PERPETUITY .
Upon reflection The Silna's best ever "deal" was ingenious and then some.
I'm not sure this compares but
how about the economic impact of this "deal" that will celebrates it's 100 year anniversary in December -
The Yankees purchase Babe Ruth for 125,000 dollars? -
which converts to a measly 1.7 million dollars in 2020.
How much was Babe Ruth total financial worth to the New York Yankees by the time his career ended?
 
Top