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Jason Bay did not get the Bobby Bonilla treatment

Nov 13, 2012, 1:35 PM EDT

Jason Bay AP

Jason Bay‘s “buyout” or whatever we want to call it from the Mets is gonna turn out to be a pretty good deal for him. Rather than some lengthy, Bobby Bonilla-esque buyout, Jon Heyman reports that he’ll be paid all of his money — all $21 million he was still owed on his deal, which originally ran through 2013 — by the end of 2015:

Neither side would comment on the deferred payments, but sources familiar with the deal say the short deferral — the deferred monies are to be paid in five installments — means the present-day value of the contract is worth only about $850,000 less than the full $21 million. Had the team simply cut him, they would have had to pay him all the money by the end of 2013.

So if he makes $850,000 or more in 2013, which is totally possible, he’s ahead of the game.

  1. xpensivewinos - Nov 13, 2012 at 3:53 PM

    Are you referring to incentives he could reach in a contract? Because why would anyone sign him to more than whatever the major league minimum is for a player with his service time? He’s been injury plagued garbage for three straight years.

    He couldn’t possibly wear the same ski mask or carry the same gun when he signs his next deal.

  2. edelmanfanclub - Nov 13, 2012 at 4:22 PM

    Kind of wished the Article was more like this:
    Jason Bay to get Bonilla Treatment

    In other news, the Mets have decided to defer outfielder Jason Bay’s contract in 25 annual installments. Rather than pay the struggling outfielder 21 million dollars for the duration of his contract. The Mets will pay an annual payment of 4,247,154.61 from 2024-48. A baffling total of 106,178,865.25. This is oddly similar to what the Mets had done previously with struggling outfielder Bobby Bonilla. Rather than pay Bonilla 5.9 million, the Mets opted to pay him 25 installments of 1,193,248.20 from 2011-2025.

    Bay had this to say, “I’m not as bad as Bobby Bonilla.”

    Although the stats tell a different story.

    Bay: .165/.237/.299, -1.3 WAR, 47 OPS+
    Bonilla: .160/.277/.303, -1.5 WAR, 49 OPS+

    One has to wonder why this keeps happening to Mets and whether Steve Phillips has been rehired?


    That took a good amount of math.

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