MESSAGE BOARDS TOOLS:  Search | Members | User Control Panel |   | Login 


All times are UTC - 5 hours [ DST ]

Post new topic Reply to topic  [ 14 posts ]  Go to page 1, 2  Next
Author Message
 Post subject: Wright settlement terms
PostPosted: Tue Jan 08, 2019 1:28 pm 
User avatar
Online
Legend of NYFS

Joined: Tue Sep 19, 2006 2:57 pm
Posts: 83877
Location: New York, NY
Christopher Soto


@SotoC803
Follow Follow @SotoC803
More
#Mets David Wright release agreement details (Per Cot's Baseball Contracts)

'19 salary restructured
$4M paid on 1/10/19
$2.5M paid during 2019 season
$6M deferred at 2.5% interest compounded monthly
Paid in (3) $2M payments 7/1/21, 7/1/22, 7/1/23
All interest paid 12/31/23

_________________
Twit-@Wexlerrules
Instagram- @Wexlerrules
Staunch anti-BADP (Batting average dependent players)


Top
 Profile  
 
 Post subject: Re: Wright settlement terms
PostPosted: Tue Jan 08, 2019 1:31 pm 
User avatar
Online
Legend of NYFS

Joined: Tue Sep 19, 2006 2:57 pm
Posts: 83877
Location: New York, NY
Feldman says this is about 8.5 million in 2019 savings for the Mets

_________________
Twit-@Wexlerrules
Instagram- @Wexlerrules
Staunch anti-BADP (Batting average dependent players)


Top
 Profile  
 
 Post subject: Re: Wright settlement terms
PostPosted: Tue Jan 08, 2019 1:34 pm 
User avatar
Offline
NYFS Staff

Joined: Wed Oct 04, 2006 4:36 pm
Posts: 8059
Location: Ithaca, NY
Must be nice to make money like that. I get $300 for playing acoustic music in a bar on a Friday night and I'm thrilled.


Top
 Profile  
 
 Post subject: Re: Wright settlement terms
PostPosted: Tue Jan 08, 2019 1:39 pm 
User avatar
Offline
General Manager

Joined: Thu Aug 14, 2008 12:36 pm
Posts: 7256
Metro2007 wrote:
Feldman says this is about 8.5 million in 2019 savings for the Mets


But it’ll still count towards the payroll cause Wilpon math.


Top
 Profile  
 
 Post subject: Re: Wright settlement terms
PostPosted: Tue Jan 08, 2019 1:52 pm 
User avatar
Online
Legend of NYFS

Joined: Mon Jun 10, 2013 10:11 am
Posts: 27400
Location: NYC
Not sure they're going to jump into spending that money right away, but good to know there is some more funds they could tap if a good opportunity arose.


Top
 Profile  
 
 Post subject: Re: Wright settlement terms
PostPosted: Tue Jan 08, 2019 1:59 pm 
User avatar
Offline
Legend of NYFS

Joined: Mon Sep 18, 2006 6:12 pm
Posts: 39811
Location: Panic City
Was a front office position also a part of the settlement?


8)

_________________
Whatever.

8)


Top
 Profile  
 
 Post subject: Re: Wright settlement terms
PostPosted: Tue Jan 08, 2019 2:03 pm 
User avatar
Offline
Legend of NYFS

Joined: Wed Sep 20, 2006 3:37 am
Posts: 10806
Metro2007 wrote:
Feldman says this is about 8.5 million in 2019 savings for the Mets


Go sign Ottavino with the savings and build a superpen.


Top
 Profile  
 
 Post subject: Re: Wright settlement terms
PostPosted: Tue Jan 08, 2019 2:04 pm 
User avatar
Offline
NYFS Staff

Joined: Wed Oct 04, 2006 4:36 pm
Posts: 8059
Location: Ithaca, NY
thebull wrote:
Metro2007 wrote:
Feldman says this is about 8.5 million in 2019 savings for the Mets


Go sign Ottavino with the savings and build a superpen.


+1


Top
 Profile  
 
 Post subject: Re: Wright settlement terms
PostPosted: Tue Jan 08, 2019 2:15 pm 
User avatar
Online
Fan Favorite

Joined: Sat Jan 09, 2010 11:33 am
Posts: 1811
thebull wrote:
Metro2007 wrote:
Feldman says this is about 8.5 million in 2019 savings for the Mets


Go sign Ottavino with the savings and build a superpen.


This is what I want

_________________
I am just an optimistic METS fan. Nothing more, nothing less.


Top
 Profile  
 
 Post subject: Re: Wright settlement terms
PostPosted: Tue Jan 08, 2019 2:38 pm 
User avatar
Offline
NYFS Staff

Joined: Tue Sep 19, 2006 6:37 am
Posts: 25140
Location: charleston, sc
They'll probably still call it the same salary for this year...

_________________
"The most potent weapon of the oppressor is the mind of the oppressed." Steven Biko


Top
 Profile  
 
 Post subject: Re: Wright settlement terms
PostPosted: Tue Jan 08, 2019 3:14 pm 
User avatar
Online
Legend of NYFS

Joined: Fri Feb 01, 2008 3:56 pm
Posts: 61933
Metro2007 wrote:
Feldman says this is about 8.5 million in 2019 savings for the Mets


Nah, he/she (don't know who Feldman is) is just taking the $15m salary he was contractually owed and saying since he's only getting $6.5m in calendar year '19, its $8.5m found.

Nah.

He had already deferred $2.5m per year per his original contract. So that $15 goes down to $12.5m. Plus insurance was going to pay about half his 2019 salary - the Mets would be on the hook for 100% of the first 60 days, then 25% of the remainder of the season. Guessing the insurance settlement calls for the Mets to take on slightly more, but really, the $6m deferral is likely only about 3-4m in "found money" for 2019, and again, given how the Mets operate with this fluid budget thing, doubtful it really has any impact on 2019 pursuits.


Top
 Profile  
 
 Post subject: Re: Wright settlement terms
PostPosted: Tue Jan 08, 2019 3:32 pm 
User avatar
Online
All Star

Joined: Fri Jun 11, 2010 1:35 pm
Posts: 2146
how much of this is getting paid by insurance???

_________________
“Why... must I always explain” Van Morrison


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 14 posts ]  Go to page 1, 2  Next

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: bklyndave69, bygranddesign, degromination, Exabot [Bot], HeyNowHK, luciferase, Majestic-12 [Bot], MarkJohnson>You, Metro2007, MookieWouldaBeatIt, Munky00, sluger11787, Spacetraveler and 143 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group


FIND AN AA MEETING | SUICIDE DEPRESSION ADDICTION HELP | BOOK REVIEWS EDITORIAL BEST SELLERS | LOCAL DOCTORS HOSPITAL EMERGENCY CARE | LOCAL LIVE MUSIC OPEN MIC JAM | FIND YOUR CONGRESSMAN AND WHERE TO VOTE | WOMEN VETERANS HELP SUPPORT | PET FRIENDLY PARKS HOTELS | SOLAR WIND RENEWABLE POWER | FILE TAX RETURN ATTORNEY | 4G SEO SMART PHONES TABLET WEB | BIRTHDAY PARTY RENTAL CHARACTERS | HOMES APARTMENTS FOR SALE OR RENT | SPORT COURT GYM FITNESS CLUB TRACK FIELD | GET HEALTH LIFE AUTO HOME INSURANCE QUOTE | VETERAN TIPS ON CRAFT DIY RECIPES | FIND ATM BRANCH CONSOLIDATION STUDENT CREDIT LOAN RATES | LOCAL NEWS AND RSS FEEDS | CHRISTMAS BLACK FRIDAY BACK TO SCHOOL SALE | LATEST E NEWS ON MOVIES TV GAMES GIFTS BOOKS | LAST MINUTE ANNIVERSARY BIRTHDAY HOUSE WARMING GIFTS | LOCAL ARTS CRAFTS SUPPLY STORE | LOCAL LINKS TO RESTAURANTS AIRPORTS DRUG STORES | DRUG OXY OPIATE ALCOHOL PHYSICAL REHAB LOCAL NEW OR USED BOOK STORE | KNICKS BLOG FORUM BOARDS | © Untraditional Media