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New York Mets Will Pay You Millions If You Buy Darryl Strawberry’s Contract

By Bryan Rose

March 30, 2013; Sarasota, FL, USA; New York Mets hat and glasses lay with a tub of bubble gum in the dugout against the Baltimore Orioles at Ed Smith Stadium. Mandatory Credit: Kim Klement-USA TODAY Sports
March 30, 2013; Sarasota, FL, USA; New York Mets hat and glasses lay with a tub of bubble gum in the dugout against the Baltimore Orioles at Ed Smith Stadium. Mandatory Credit: Kim Klement-USA TODAY Sports /
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You can now get paid almost $1.3 million by the New York Mets if you buy Darryl Strawberry’s contract.

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Ever wanted to be a big league ball player? Well, I’m guessing that ship has likely sailed.

But what about getting paid like an MLB player? That can actually happen and you don’t even have to pick up a bat or ball in the process. Sound too good to be true? It’s actually a legit scenario and one you can put yourself in the running for assuming the price is right.

Former MLB slugger Darryl Strawberry is having his New York Mets contract auctioned off in a extremely rare and unique situation with the winner of the contract still legally owned money from the legal document.

In short, bidding on Darryl Strawberry’s contract begins at $500,000 dollars and the winner will be allowed to collect the $1.28 million dollars left on the deal over the course of 223 monthly installments.

"The total value of the contract, which covered his 1985 through 1990 seasons, was $7.1 million, but nearly 40 percent of his $1.8 million team option in 1990 ($700,000) was deferred and put into an annuity with a 5.1 percent annual interest rate.On Jan. 20, the IRS will auction off the right to collect what will amount to roughly $1.28 million."

A part of Strawberry’s contract was actually awarded to his ex-wife during their 2006 divorce but payments were never made. She then filed for Chapter 7 bankruptcy protection in 2010 and a judge later ruled the money left on the contract was property of the IRS because Darryl Strawberry had not settled previous tax debt.

It all sounds extremely complicated and it is, but one things is for certain. Buy that contract and Sterling Mets L.P., a parent company of the New York Mets will start shelling out the checks every month.

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