View single post by KGB
 Posted: Mon Jul 29th, 2019 05:46 pm
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KGB

 

Joined: Wed Jul 4th, 2012
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This made me wonder what actually happened with Bobby Bonilla and it ties nicely into the story of Peterson and other broke athletes.  The moral of the story is that Bonilla was one of the few guys who had the foresight to defer money into the future rather than take the lump sum up front.  It's a lesson that athletes and lottery winners would do well to heed.  Taking the lump sum makes the most sense if you're able to manage your money like a disinterested accountant, but that's very rarely the case. 
https://www.celebritynetworth.com/articles/entertainment-articles/bobby-bonilla-baseball-contract/



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