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Its?Friday, July 1, and we should be thinking about our Fourth of July weekend plans. But as baseball fans, we cant. Why? Because today is all about Bobby Bonilla.A man who last played 5,381 days ago owns this day. Not just this?July 1, but every?July 1?through 2035. Its the day when the?New York Mets pay him $1,193,248.20.So with the water cooler and Twitter buzzing about the Bonilla deal, heres your primer.How did the deal present itself?Deferred-money deals have been going on for a long time, but the Mets did more of them than most. The first deferred-money deal we know about is Darryl Strawberrys 1985 contract, in which the Mets deferred 40 percent of his 1990 $1.8 million team option ($700,000) at a 5.1 percent interest rate. The deal, which pays out $1.64 million from 2004 to 2033, was obtained through a life insurance company.Bonillas agent, Dennis Gilbert, was an insurance agent at the same time he developed into a superagent (Gilberts clients included Bonilla, Barry Bonds, Jose Canseco and Danny Tartabull), so he was more uniquely prepared to understand annuity-type payouts than other agents.How does the deal actually work?The Mets owed Bonilla $5.9 million for the 2000 season and no longer wanted him. So the club negotiated with Gilbert to attach an 8 percent annual interest rate to that money. With the clock starting in 2000, that adds up to $29.8 million. The first installment of the payout came on July 1, 2011, and the Mets will pay their sixth installment on Friday.Why did the Mets do the deal?The Mets have never really talked about the deal, but it is well known that their owners, the Wilpons, had many accounts with investor Bernie Madoff. Madoff was returning 12 to 15 percent a year in what we now know were fictional returns. So deferring deals wasnt a problem because the payout would occur years later and the interest rate would be lower than the money they were (fictionally) getting back from Madoff. To see the deal as the Mets would have seen it, lets say the Wilpons put $5.9 million into a Madoff account in 2000 and got a conservative (by Madoff standards) 10 percent annual return. By 2011, when they would have to pay Bonilla for the first time, they would have already grown their pot to $16.83 million. Even with paying off Bonilla every year, they would wind up with a $49 million profit on the deal. Of course, the Madoff returns werent real, which complicates this hindsight.The other way to think of it is that the Mets didnt have to pay Bonilla his $5.9 million in 2000 and could use it on other free agents. Sure enough, the Mets acquired Mike Hampton from the Astros right before they dumped Bonilla. Hamptons cost was conveniently $5.75 million, and his 15-10 record was good enough to help get the Mets to the World Series that year for the first time since 1986.It seems like everyone thinks Bonilla got a great deal by turning $5.9 million into $29.8 million -- did he?The deal is great from a gross money perspective. If you take out the 2000 season -- where the deferred money comes from -- Bonillas career earnings are $46.45 million, so the $29.8 million looms large. Also understand that because he didnt have to earn the money in 2000 and collects years later instead, he isnt paying New York income tax (he lives in Florida, a state with no income tax), nor the so-called jock taxes for earning money on the road in states that do have income tax.But you also have to account for what Bonilla could have done with the money if he did get that $5.9 million in 2000. We did the math by using a conservative strategy of putting that $5.9 million into the market in January 2000, when this deal was struck. We put 60 percent of the money in stocks and 40 percent in bonds and rebalanced the portfolio to those percentages at the start of each year following our gains in each area. Going back historically, we learn that Bonilla would have aggregated $16.5 million by December 2015. Through the deal the Mets gave him, he collected only $5.9 million by December 2015.Looking at it that way, it doesnt look like Bonilla got the steal of the century. But what happens if you assume that Bonilla needs to live off that money starting in the year the deferred money pays out? You put that $5.9 million into the stock and bond market with the same percentages and you withdraw six times. (His first withdrawal would come in 2010 to prepare for 2011.) If you do that, youre left with $7.35 million to reinvest starting in 2016, having taken out $1.19 million six times. This is where you start to stall. You have to make that $7.35 million work for you to get 19 more payments, and youre staring at a market where bonds are generating only 2 percent yields and the stock market isnt so hot. Its nearly impossible to think that you can do that. So in that scenario, Bonilla is better from a financial-planning perspective having accepted the deal from the Mets.So why do the Mets get made fun of for making this deal?This is a complex question. It starts with the fact that Bonilla was a disappointment for the team. In his second stint with the Mets, he was on the disabled list frequently, and when he was playing, he wasnt any good.Its also funny that, as a 53-year-old this year, he is still on the Mets payroll. But I believe that much of why so many people make a big deal about this is because of how cheap the Mets pitching staff is. So much of why Bobby Bonilla trends on Twitter every?July 1?has to do with the fact that he still makes more than most of the teams great young pitchers -- Jacob DeGrom, Noah Syndergaard and Steven Matz all make less than $610,000 per year.Theres also the Madoff part, which leaves the Mets open to ridicule. Of course many Mets fans who make fun of the deal dont follow it through completely. Hampton was with the Mets for one year, but when he went to the Rockies in 2001, the Mets got the 38th pick in the draft, which they used to pick ...?David Wright!What other fun deferred money deals are out there?Aside from paying Bonilla through 2035, the Mets are paying Bret Saberhagen, who was also represented by Gilbert, $250,000 per year through 2029. The Diamondbacks will be paying Bernard Gilkey, who retired in 2001, his last payment next year. Why? Gilkey signed a four-year contract with the Mets from 1997 to 2000. The deal deferred $2.5 million from his 1999 salary and $2.5 million from his 2000 salary, which turned into a $9 million annuity. But the Diamondbacks took on that contract in August 1998.And now get ready for the real kicker. Gilbert recently sat down with ESPN for a new digital series for?FiveThirtyEight, Contracts, debuting later this summer. He said that?Bonilla actually has another deferred deal with the Mets that makes another $12.5 million. It was part of his first deal with the team that ran from 1992 to 1996. The $29 million deal made Bonilla the highest-salaried player in baseball at the time. Part of the deal was to defer some money, which resulted in Bonilla getting $500,000 a year from 2004 through 2023. The Mets shipped Bonilla to the Orioles for the last season and a half of that deal, so they split the fare with Baltimore.Dirk Nowitzki Mavericks Jersey . -- Brandon Jennings made the most of his first game with the Detroit Pistons on Sunday night. Luka Doncic Mavericks Jersey . Mickelson barely made the cut but had the best round of the day with nine birdies and an eagle coupled with two bogeys to sit two shots behind leader Craig Lee of Scotland. Lee shot a 69 for a 12-under 204 total. "I just love the fact I am in contention and have an opportunity in my first tournament of the year here in Abu Dhabi," Mickelson said. http://www.mavericksteamofficial.info/jalen-brunson-mavericks-jersey/ . Already owning gold from competition in Vancouver in 2010, Loch posted a combined four-run time of 3:27.526. That included a track-record third run of 51. Jose Juan Barea Mavericks Jersey .ca NFL Power Rankings, overtaking the Denver Broncos and remaining ahead of NFC competition San Francisco, Carolina and New Orleans. Jose Juan Barea Jersey . And when it opened, every player was at his stall. Thats a sure sign that a team is in a slump and is searching for answers. "Its embarrassing to be at home and play the way we did," said defenceman Josh Gorges.Parthiv and the right length The toughest thing to figure out for a fast bowler while bowling to Parthiv Patel is the right length. His stature allows him to go on the back foot quickly and, while he doesnt get close to the ball when it is full, he is adept at playing on the up on the front foot. In addition to that, he is comfortable opening the face of the bat to get singles. The ideal length is to make him drive but the lack of lateral movement off the pitch makes it a difficult to go fuller often. The seamers pitch-map to Parthiv suggests that Englands bowlers tried too many things without sticking to any one method for long enough.Rahul and the impact of the IPLKL Rahuls young Test career can be divided in two halves -- before and after the IPL. There has been a visible change in his approach after his successful season with RCB in 2016. Before, his strike rate in Tests was 47 but post-IPL it has shot up to 62 runs per hundred balls. The average number of balls he takes for a boundary stroke has also come down to 12 from 18. He started the second day in Chennai with two lofted shots against Liam Dawson and went on to reverse sweep Moeen Ali. While the world has moved back to more orthodox Test openers (David Warner is the only aberration), Rahul is taking a different path. In Tests, the technical aspect of batting overshadows the mental side of it but Rahul is highlighting the role mindset plays in the course you take. He hasnt made any technical changes to bat more fluently--its just the mindset that has changed in last six months.Rashid fits a season into a tour (almost) The criticism of Englands spinners has been about their accuracy, which imperative for penetration. While Indian pitches are spin-ready, the conditions still demand a spinner pound the same areea ball after ball, over after over.dddddddddddd Adil Rashid is Englands most successful bowler in this series but his economy rate suggests that he hasnt been able to build enough pressure. Rashid has bowled 274.3 overs on Englands Asian tour, spread over nine weeks - almost as many as the 293.2 he sent down for Yorkshire in the county season (although his involvement was limited by England call-ups). Bowling at the highest level demands takes a lot out of your body and, perhaps in part due to his increased white-ball role, it seems Rashid isnt used to this kind of workload. Cooks problem of plentyBen Stokes didnt bowl a single over in the first session. He bowled four in the second session and picked up a wicket in those 24 balls. After tea, he bowled three more overs before disappearing until the end of play. Right through this series, Alastair Cook hasnt utilised his resources well. Having lots of options puts you in an enviable position but that can also cloud your decision-making with regards to using them judiciously.Rahul v Spin Most good players against spin are either very nimble on the feet or use the sweep shot well. Rarely do you see players who are quick to go down the pitch and also are equally comfortable in employing the sweep shot, and Rahul is from that rare breed. In fact, there are very few Indian batsmen who prefer the sweep to tackle spin, let alone playing the reverse-sweep. He is not just eager to dance down the pitch but also has a fair amount of control on all variations of the sweep shot. Rahuls overriding thought while facing spinners is to look for scoring opportunities, even if that meant taking a few risks. ' ' '