Friday, November 5, 2010

Welcome, Mr. Alderson

Dear Sandy,

Welcome to Flushing, NY - the home of the New York Mets.

Before you get started rebuilding this team, just remember that there will be one story like this every year that reassures the baseball community that the Mets are indeed a second-rate franchise.

Oh, by the way, keep in mind that you have to add Bobby Bonilla to your payroll next year. That's right, 47-year old Bobby will be there for 25 years collecting $1,193,248.20 each year. The Mets deferred $5.9 million of comp back in 1999 at a rate of 8%. Presumably they bought investment grade bonds back them - but is it possible they could buy a bond clipping away at 8%? I would doubt that. Hopefully they didn't give the $5.9 million to Bernie. Nice going Jeff.

Oh and Sandy, best of luck with the manager search.

Yours truly,
Bob Cobb

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