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The article doesn't mention that team owner Fred Wilpon thought deferring Bonilla's contract was a great idea because he could use the savings at the time to in
by tomjakubowski 7y ago
The article doesn't mention that team owner Fred Wilpon thought deferring Bonilla's contract was a great idea because he could use the savings at the time to invest in Bernie Madoff's fund.
https://www.nytimes.com/2012/02/21/sports/baseball/mets-saw-madoff-as-house-money-trustee-says.html https://www.nytimes.com/2012/02/21/sports/baseball/mets-saw-...
- moate 7y agoThey also used the savings to acquire Mike Hampton (who later provided them with the compensation pick they used to draft David Wright.
- deleted 7y ago[deleted]
- duxup 7y agoIt really seems like a poor choice to dramatically alter the financing of another business because some other unrelated investment is doing well. That seems like just doubling down in a bad way.