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Bobby Bonilla was an All Star player for the Pittsburgh Pirates and he became a free agent. He signed a deal with the New York
Bobby Bonilla was an All Star player for the Pittsburgh Pirates and he became a free agent. He signed a deal with the New York Mets and was actually productive for them. However, he missed a lot of games and the fan base never quite embraced him. He had one year left on his contract and the Mets owed him $MM However, the Mets ownership had started to invest their money with a wunderkind investor Bernie Madoff. Madoff would get the Mets at least a return on their money if they invested it with him. Instead of paying Bonilla his $MM in they will pay him $MMyr from to The long term bond rate is a pts Is this a good or bad deal for the Mets? b pts What is the break even rate for the Mets?
Bobby Bonilla was an All Star player for the Pittsburgh Pirates and he became a free agent. He signed a deal with the New York Mets and was actually productive for them. However, he missed a lot of games and the fan base never quite embraced him. He had one year left on his contract and the Mets owed him $MM
However, the Mets ownership had started to invest their money with a wunderkind investor Bernie Madoff. Madoff would get the Mets at least a return on their money if they invested it with him.
Instead of paying Bonilla his $MM in they will pay him $MMyr from to The long term bond rate is
a pts Is this a good or bad deal for the Mets?
b pts What is the break even rate for the Mets?
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