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    • Payroll now INCREASED to cut Bay
  • To:All
  • 11/7/12
  • JamesHetfi3ld

Still waiting to hear the final details, but it looks like the Mets will pay this year, all bonuses, AND extra to cut him.

So... Now signing other players is less likely?

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  • 11/7/12
  • Gepett0

that's not true...nothing has been reported on the buyout other than he will earn all of his BASE 2013 salary...stop making stuff up

in fact, early indications are that they may have even saved 3 mil in the buyout

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  • 11/7/12
  • 4545_ajd
They will only pay him what he is owed, but instead of paying him all of what he is owed this year some if not all of it will be deferred. So they will actually be paying him less in reality based on interest, but people on Bay's side will expect him to make up for that in what he gets in free agency this year.
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  • 11/7/12
  • brianinwi

Rest of Bay's salary deferred over several years, per Joel Sherman. Bay can also now sign for whatever salary he can get from another club, instead of league minimum. Win-win agreement.

Mets get salary relief with reduced payments each year, Bay gets all his money from the Mets, plus whatever he can get from a new club.


Edited 11/7/12   by  brianinwi
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  • 11/7/12
  • murphstates
That's not true. Joe Sherman reported it's $21 million. All salary, signing bonus and buy out will be paid. What we don't know is how much was deferred.
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  • 11/7/12
  • Charliemurphie
I heard over "several years", courtesy of Joel Sherman on Twitter
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  • 11/7/12
  • murphstates
It's funny, Heyman and Sherman are reporting the same thing, a total of $21 million, but Heyman is reporting the deferral is "over a relatively short period of time, meaning it won't linger on the team's books like Bobby Bonilla's contract."
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  • 11/7/12
  • murphstates
Yup, Bonilla gets $1.2 million per year until 2036. All so Fred could give Madoff another $5.9 million.
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  • 11/7/12
  • murphstates
What cap?
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  • 11/7/12
  • JamesHetfi3ld

Oh that's not the case.

If the team saves money in the long-term then it's a great move... Early indications hinted that this wasn't the case.

Guess I should have waited until I knew more of the facts.

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  • 11/7/12
  • saztastic2012
It must be so sad living in your world, The ONLY reason to do this is to free up money in 2013.
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  • 11/8/12
  • ExileMetsFan

"Still waiting to hear the final details, but it looks like the Mets will pay this year, all bonuses, AND extra to cut him."

They will not pay it all this year.

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  • 11/8/12
  • ExileMetsFan

"It's funny, Heyman and Sherman are reporting the same thing, a total of $21 million, but Heyman is reporting the deferral is "over a relatively short period of time, meaning it won't linger on the team's books like Bobby Bonilla's contract." "

Bonilla's deferment saved money, when you could in inflation/time value of money

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  • 11/8/12
  • 86kid

>>>"That's not true. Joe Sherman reported it's $21 million. All salary, signing bonus and buy out will be paid. What we don't know is how much was deferred."<<<

That is athe way I have heard it too. He gets all he is owed, it is just a matter of deferring some of it. From what I heard the bulk of the $21 million will be paid out in 2013 - though do don't know yet what the "bulk" means yet. Could be that they pay him his $16 million salary next year, and then deferred the buyout and signing bonus money. We shall see. But good decision for both side to get this resolved and both side move on to a fresh start.


Edited 11/8/12   by  86kid
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