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Bobby B 2.0?
Posted: Fri Nov 11, 2022 11:58 pm
by Burn1dwn
Mets' deal with Edwin Diaz has deferred payments until 2042
The breakdown:
Deferment of 2023 money: $2.65 million each in 2033 and 2034, and $200,000 in 2035.
Deferment of 2024 money: $2.45 million in 2035, $2.65 million in 2036 and $400,000 in 2037.
Deferment of 2025 money: $2.25 million in 2037, $2.65 million in 2038 and $600,000 in 2039.
Deferment of 2026 money: $2.05 million in 2039, $2.65 million in 2040 and $300,000 in 2041.
Deferment of 2027 money: $2.35 million in 2041 and $2.65 million in 2042.
https://www.espn.com/mlb/story/_/id/350 ... ments-2042
Does the deferred money not count towards luxury tax or something? Why structure a deal like this?
Re: Bobby B 2.0?
Posted: Sat Nov 12, 2022 12:21 am
by Reservoir Dog
The deferred money reduces his Luxury Tax Salary to $18.6 million per year.
Re: Bobby B 2.0?
Posted: Sat Nov 12, 2022 12:33 am
by Animal
Reservoir Dog wrote: ↑Sat Nov 12, 2022 12:21 am
The deferred money reduces his Luxury Tax Salary to $18.6 million per year.
is it just a ridiculous thought for an owner to get some merchandise company to pay a player some huge salary to advertise a product and then reimburse them? Like college football did to pay players and dodge the NCAA rules.
Re: Bobby B 2.0?
Posted: Sat Nov 12, 2022 12:42 am
by FSchmertz
The Bonilla deal actually saved the Wilponzi's some money. It wasn't as dumb as people make it out to be.
P.S. He has a SECOND deferred payment coming in from the Mets & Orioles for $500,000 per year!
Re: Bobby B 2.0?
Posted: Sat Nov 12, 2022 2:30 pm
by saltydog
Animal wrote: ↑Sat Nov 12, 2022 12:33 am
Reservoir Dog wrote: ↑Sat Nov 12, 2022 12:21 am
The deferred money reduces his Luxury Tax Salary to $18.6 million per year.
is it just a ridiculous thought for an owner to get some merchandise company to pay a player some huge salary to advertise a product and then reimburse them? Like college football did to pay players and
dodge the NCAA rules.
Yeah. Rules suck.