why-bobby-bonilla-gets-$1.2m-every-july:-mets’-2000-deferral-deal-backfires

MLB legend Bobby Bonilla receives $1,193,248.20 annually from the New York Mets every July 1st since 2011, a deal dating back to 2000. Bonilla deferred a $5.9 million payment, opting for yearly installments with an 8% interest, continuing until 2035 when he turns 72. The Mets, under Steve Cohen, playfully celebrate ‘Bobby Bonilla Day’.