Bobby Bonilla Day: Mets Still Pay Ex-Player Over $1M a Year

Former Main League Baseball (MLB) participant Bobby Bonilla performed his final skilled recreation in 2001 for the St. Louis Cardinals.

However the six-time All-Star nonetheless will get paid from a special former workforce – the New York Mets — within the type of a $1.19 million test yearly on July 1.

“It is larger than my birthday,” Bonilla informed USA TODAY Sports activities. “When that day comes, I get texts all day lengthy, and couple of days after, and possibly a day or two earlier than. All people simply appears to like that day and have enjoyable with it. It is grow to be a reasonably large factor.”

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The Mets wished to purchase out the remaining $5.9 million on Bonilla’s contract after the 1999 season, however as a substitute deferred the funds to $1,193,248.20 yearly, paid on July 1, beginning in 2011 by means of 2035.

Bonilla performed his final recreation for the Mets in 1999. On the time, the contract deferment appeared like a good suggestion, ESPN notes, because the Mets had been “invested” with Bernie Madoff and anticipated massive returns, however took heavy losses within the scandal. The Madoff investments practically “ruined” the workforce, the New York Instances wrote.

Bonilla, in the meantime, will likely be 72 when his funds cease. An 8% curiosity was negotiated, which implies the previous MLB participant will get virtually $30 million from the deal, ESPN notes.