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$1.2 million
- Bobby Bonilla, a former baseball player, still receives $1.2 million from the New York Mets each year on July 1, known widely as Bobby Bonilla Day. He’s collected those payments for a decade and will do so through 2035 because of a buyout deal the Mets signed in 2000.
www.cnbc.com/2020/07/01/bobby-bonilla-day-why-his-deal-with-the-mets-was-so-lucrative.htmlBobby Bonilla Day: Why his deal with the Mets was so lucrative
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Jul 1, 2021 · Here is everything you need to know about Bonilla's payday, deferred money in MLB and the current players making less for the 2021 season than Bobby Bo will receive from the Mets on Thursday.
- 10 min
- 2
- Dan Mullen
Jul 1, 2023 · Bobby Bonilla signed a deferred contract with the Mets in 2000, which means he gets paid $1.19 million annually until 2035. Learn how this deal came about, who else has similar contracts and who makes less than Bonilla in MLB.
- 2 min
- Dan Mullen
Jul 1, 2019 · Learn how former Mets outfielder Bobby Bonilla negotiated a deferred contract with the team in 1999, and how his agent Dennis Gilbert made it work. Find out how the deal was affected by the Bernie Madoff scandal and the Mets' financial troubles.
- 6 min
- yFinance Features
- Why Are The Mets Still Paying Bobby Bonilla?
- How Much Are The Mets Paying Bobby Bonilla?
- How Much Longer Do The Mets Have to Pay Bobby Bonilla?
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Financial incompetence is the simple answer. Bonilla signed a five-year, $29 million deal with New York in 1991 and proceeded to be fairly productive in his first three-and-a-half years in Queens, hitting 73 home runs and posting a 128 OPS+ from 1992-1994. The Mets traded Bonilla to the Orioles midway through the 1995 season, setting off a four-yea...
Like clockwork, Bonilla receives $1,193,248.20 on July 1. It tends to put a smile on his face. “My text messages blow up,” Bonilla told Action Network's Darren Rovell. “It’s way bigger than my birthday. And it’s a fun day because it always brings a smile to my face. I was happy that I put the money away.” That initial $5.9 million fee now sits at $...
The terms of Bonilla's payment plan ensure that Bonilla will keep getting his $1.19 million-plus every July 1 until 2035. He'll be 72 years old by then, still rolling in the Mets' riches. Bonilla had a great career, all things considered. He won three Silver Sluggers and finished second in NL MVP voting to Pirates teammate Barry Bonds in 1990. Yet ...
Bobby Bonilla signed a five-year, $29 million deal with the Mets in 1991 and got paid $1.19 million every July 1 until 2035. Learn how the Mets ended up with one of the worst contracts in MLB history and why Bonilla is smiling.
Jul 1, 2024 · Bobby Bonilla is a former Met who gets an annual check from the team until 2035, as part of a buyout deal in 2000. Learn how his contract compares to other deferred money deals in MLB and how it affects the Mets' payroll.
- 2 min
- Dan Mullen
Jul 1, 2020 · Bobby Bonilla, a former baseball player, still receives $1.2 million from the Mets each year on July 1, known as Bobby Bonilla Day. His deal, signed in 2000, is one of the best in sports history due to a generous 8% interest rate and a buyout with Bernie Madoff's Ponzi scheme.
Jul 1, 2023 · Learn how the Mets bought out Bobby Bonilla's contract in 2000 and agreed to pay him $13 million over 25 years. See how much he has received so far and how much is left in the deferred plan.
