Bobby Bonilla Day: Why Mets Pay $1.19M Every July 1 Till 2035!
By - Mahi
It’s Bobby Bonilla Day! Like every July 1, the retired MLB star gets $1.19 million from the New York Mets — and will until 2035!
Bonilla last played for the Mets in 1999, but thanks to a unique deal, he receives nearly $1.2M yearly with 8% interest!
In 2000, the Mets owed Bonilla $5.9M. Instead of paying upfront, they spread it over 25 years with interest — a move tied to Bernie Madoff’s firm!
The Mets hoped Madoff’s high returns would cover Bonilla’s deferred salary. But after the Madoff scandal, the plan backfired badly.
This isn’t the only deferred money deal in baseball. Players like Max Scherzer, Chris Davis, and Manny Ramírez are also still getting paid!
Chris Davis is owed $59M over 15 years by the Orioles. He’s set to collect through 2037 — just like Bonilla's second contract!
Shohei Ohtani’s $700M Dodgers deal defers $680M! He earns just $2M yearly until 2034, then $68M/year for 10 years — the modern Bonilla?
Ironically, Bonilla earns more this season than many current MLB stars — all without swinging a bat since 2001!
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