Bobby Bonilla, who left the team in 1996 ... has $1.2 million per year coming to him for the next 25 years.
I thought Bud enacted limits for a club's debt ratio.
How does a team get into that kind of debt?
How does a team get out of that kind of debt?
I can't imagine how you can get into that kind of debt? Also, who's going to buy a team with that kind of debt? Is there any value to it?
Also, who's going to buy a team with that kind of debt? Is there any value to it?
You go into Chapter 11, restructure the debt, and sell to new owners all clean and sweet smelling.
How does a team get into that kind of debt?How does a team get out of that kind of debt?