Pujols has been terrible

[Ohtaniland]

9 minutes ago, hangin n wangin said:

Maybe he came on this forum and saw of the shit you've talked on him.

Either that or Fletcher ratted you out.

Lol 

[Docwaukee]

14 minutes ago, CALZONE said:

No I've met him and he's a jerk. 

'hey Albert, how do you feel about stealing Arte's Moreno's money?'

'Piss off guy'

'Wow.  You're a jerk.'

[well_red]

8 minutes ago, Angel Oracle said:

http://www.cbssports.com/mlb/news/its-july-1-and-that-means-bobby-bonilla-is-getting-paid-by-the-mets-today/

WTF were the Mets thinking?   $5.9 million due Bonilla in 2001 becomes nearly $1.2 million/year from 2011-2035? 

don't know the timing of everything, but wasn't madoff's fund "returning" 10%+ at that time?  anyway, bonilla was smart, insisting on 8% of the principal per year until he was paid in full, 35 years later, as if he had put into a great investment himself.

[Stradling]

34 minutes ago, Dochalo said:

'hey Albert, how do you feel about stealing Arte's Moreno's money?'

'Piss off guy'

'Wow.  You're a jerk.'

I highly doubt Claude would have the balls to confront someone like Albert.  As far as meeting him and saying he's a jerk, um ok.

[Farmbuildingfan]

If someone gave me $240 million that I could never earn, I would take it.

The real jerk is the one who gave him the $240 million

[yk9001]

The last of Arte's Big Splashes.

[aznhockeyguy]

18 minutes ago, yk9001 said:

The first of Arte's Big Splashes.

FYP, the last one was Hamilton.  

[Dtwncbad]

1 hour ago, well_red said:

don't know the timing of everything, but wasn't madoff's fund "returning" 10%+ at that time?  anyway, bonilla was smart, insisting on 8% of the principal per year until he was paid in full, 35 years later, as if he had put into a great investment himself.

I seriously don't get how people think this was dumb for the Mets.  They borrowed almost 6 million bucks basically unsecured, at 8%, with zero payments due for years and years and years.  The no payments due period is a HUGE detail.

Bonilla could have invested that money into something secured, like real estate development, and yielded double the return.

Please, anyone, if you want Bonilla's deal contact me.  Ill give you 9% instead of 8%, no problem.

I'll build a mini storage warehouse or an industrial park or a wedding venue. . .. and collect rents for years and years and years and build equity in the property and then pay you back with future cash flow and i will end up owning a multi million dollar cash flowing property risking none of my own money.

The key to making this deal sweet for the borrower is the fact that no payments were due for a long long time. That kind of loan can be very risky to the investor and they typically want much more than 8% in that structure.

The Mets got 6 million at 8% with no payments due for 11 years!!!

11 years!  Look up private construction loans where people needs millions to build properties and cannot start a payment stream back to the investor for years.  Look it up.

12% rates AND 10% equity.  Bonilla got 8% and no equity.

I'm not saying an 8% return isn't nice security for Bonilla.  But it was also a very nice deal for the Mets who were in a hard money cash crunch situation.

Once you include a term for an extended no payment period like 10 or 11 years, 8% is cheap money.

[thebloob]

3 hours ago, Dtwncbad said:

I seriously don't get how people think this was dumb for the Mets.  They borrowed almost 6 million bucks basically unsecured, at 8%, with zero payments due for years and years and years.  The no payments due period is a HUGE detail.

Bonilla could have invested that money into something secured, like real estate development, and yielded double the return.

Please, anyone, if you want Bonilla's deal contact me.  Ill give you 9% instead of 8%, no problem.

I'll build a mini storage warehouse or an industrial park or a wedding venue. . .. and collect rents for years and years and years and build equity in the property and then pay you back with future cash flow and i will end up owning a multi million dollar cash flowing property risking none of my own money.

The key to making this deal sweet for the borrower is the fact that no payments were due for a long long time. That kind of loan can be very risky to the investor and they typically want much more than 8% in that structure.

The Mets got 6 million at 8% with no payments due for 11 years!!!

11 years!  Look up private construction loans where people needs millions to build properties and cannot start a payment stream back to the investor for years.  Look it up.

12% rates AND 10% equity.  Bonilla got 8% and no equity.

I'm not saying an 8% return isn't nice security for Bonilla.  But it was also a very nice deal for the Mets who were in a hard money cash crunch situation.

Once you include a term for an extended no payment period like 10 or 11 years, 8% is cheap money.

Is that a real offer?   I'm ready to invest with you for guaranteed 9% interest for 35 years.  

[Dtwncbad]

1 hour ago, thebloob said:

Is that a real offer?   I'm ready to invest with you for guaranteed 9% interest for 35 years.  

Heck yes.  Gladly give you 9% with no payment due for a decade.  I would consider it a gift.

[Docwaukee]

Bonilla's money had zero risk.  Literally zero.  

You said it yourself that most of those cap loans with deferred payments are high risk to the investor so they get a higher rate of return and probably some equity.  

If a major league baseball team wanted to borrow money from me at 8% interest deferred for 11 years while the interest was accruing, I would be all over it.  

If a group of docs got together and decided to buy a piece of land and build an outpatient medical facility and they gave me a chance to buy in where I would end up with 10% equity in the building with repay at 12% deferred for 5 years, I would certainly consider it but that's not a completely risk averse proposition.  

The other thing to keep in mind is that Bobby had already made $45+ mil in his career to that point.  So I reckon that the 5+ he deferred wasn't exactly every dollar he had to his name at that point.  Maybe he already had other chunks of money invested in higher risk higher reward deals.  

It's not as one sided as the media has made it out to be, but it was a damn good deal for him and one the mets never would have considered if they weren't 'making' tons money with madoff.  

[tdawg87]

I gotta say, this has got to be the most unbelievably boring topic to ever get discussed on this forum.

Can we go back to shitting on Pujols?

[Blarg]

23 minutes ago, tdawg87 said:

I gotta say, this has got to be the most unbelievably boring topic to ever get discussed on this forum.

Can we go back to shitting on Pujols?

As much as we'd like to his previous 5 games he hit .316/.350/.474/.824. 

 

[tdawg87]

That's neat. 

 

He still sucks.

[Troll Daddy]

This thread just keeps on delivering  ... should carry into the next next next next next season. 

[thebloob]

The more active this thread is the more hits he gets.  Unfortunately all singles or homers.  Probably not hard to find .240 singles hitters who can't run.  Tim tebow?

[Blarg]

This thread is failing in its promise. 

[m0nkey]

Since the thread has started he's gone 

.250/.277/.363

2 home runs 3 walks, 12 k's 4 GIDP in 20 games.  But 12 RBI's!

[m0nkey]

Well I guess his numbers will change after the homer

[Dtwncbad]

The way his game has evolved even his home runs seem pretty boring . .  It's like driving 90 minutes in traffic to a restaurant to get a free appetizer.  Cool free appetizer??

[Stradling]

That home run yesterday that gave us the lead was pretty boring.  

[Dtwncbad]

6 minutes ago, Stradling said:

That home run yesterday that gave us the lead was pretty boring.  

It was.

[Blarg]

It was the winning run. 

[Stradling]

35 minutes ago, Dtwncbad said:

It was.

I too hate when my team wins. 

[fan_since79]

I'm imagining his 2021 "Farewell Tour" numbers.

.220/.260/.340

12 HR, 42 RBI

At least Scioscia will be gone and he won't be stuck in the cleanup spot.

 

Edited July 10, 2017 by fan_since79