Pay that man his money.
Smartest guy out there.
Apparently a bunch of dudes get deferred comp on 7/1.
Huh. I would have taken only $500,000 a year not to play center field for the Dodgers for twenty years.
Smartest guy out there.
Is it inflation adjusted? If not, he's not as bullet proof as he should be.
Well, nearly 1.2 million a year won’t buy much anymore.He's been getting paid over a million per year to do nothing with another 11 payments due to do nothing.
I'd say that's pretty bullet proof.
Agree. You can always argue time value of money, opportunity cost, etc. But for your average ballplayer (not saying Bonilla necessarily), this type of structure protects them from themselves financially.He's been getting paid over a million per year to do nothing with another 11 payments due to do nothing.
I'd say that's pretty bullet proof.
Well, nearly 1.2 million a year won’t buy much anymore.
He's been getting paid over a million per year to do nothing with another 11 payments due to do nothing.
I'd say that's pretty bullet proof.
$1,200,000 here. $1,200,000 there. And $1,200,000 in a bunch of other places, and pretty soon we’re talking real money.Are we really at the point where we are poo pooing someone making 1.2 million for doing nothing?
I'd love to have that problem.
$1,200,000 here. $1,200,000 there. And $1,200,000 in a bunch of other places, and pretty soon we’re talking real money.
👑
In perpetuity was the original agreement, but the NBA settled with them in 2014 or '15 with a fat lump sum payment to end it. It was something like 15% annually of the share for the TV deal money of the Pacers, Spurs, Nuggets and Nets.Are the Spirits of St Louis owners still receiving NBA tv revenue from their ABA/NBA merger settlement?
Didn’t know they had settled. I knew they got 1/7 of each of the 4 ABA teams tv money in perpetuity.In perpetuity was the original agreement, but the NBA settled with them in 2014 or '15 with a fat lump sum payment to end it. It was something like 15% annually of the share for the TV deal money of the Pacers, Spurs, Nuggets and Nets.
They were getting on in age and decided to end it. One of them passed away not long after.Didn’t know they had settled. I knew they got 1/7 of each of the 4 ABA teams tv money in perpetuity.
My nephew just started farming on his own a few years ago. I offered him some capital to help him get started. All I wanted back was 10% every year til I die. He passed. I think his wife had something to do about it. LolThey were getting on in age and decided to end it. One of them passed away not long after.
ETA
Spirits of St. Louis owner Ozzie Silna, who made incredible deal in NBA-ABA merger, dies
Ozzie Silna, who turned a fading American Basketball Association franchise into a four-decade windfall of nearly $800 million from the NBA in what's commonly called the greatest deal in sports history, has died at age 83.www.nbcsports.com
My dad always joked that the way to have a million dollars in the bank from farming was to start with 2 million.My nephew just started farming on his own a few years ago. I offered him some capital to help him get started. All I wanted back was 10% every year til I die. He passed. I think his wife had something to do about it. Lol