Ted Berg on the Bobby Bonilla payments

“So, to recap, by renegotiating Bobby Bonilla’s contract in 2000 to pay him $1.19 million annually from 2011 to 2035, the Mets:

1) Achieved the financial flexibility necessary to acquire players that put them in the World Series that season.
2) Got rid of a massive headache.
3) Earned a draft pick they used on seven-time All-Star David Wright.
4) Made a reasonably shrewd financial decision.
5) Became an annual laughingstock.”

Source: USA Today

Berg includes a quote from Business Insider doing the math work on the financial decision, away from the Madoff angle.