Bonilla underachieved during his playing days for the Mets. In 2000, the Mets agreed to buy out the remaining $5.9 million on Bonilla's contract. However, instead of paying Bonilla the $5.9 million at the time, the Mets agreed to make annual payments of nearly $1.2 million for 25 years starting July 1, 2011, including a negotiated 8% interest. Thus for every year until 2035 Bonilla gets a check from the Mets on July 1. I guess in 2000 the Mets just didn't know how to handle money.
Wednesday, July 1, 2020
It's Bobby Bonilla Day for the New York Mets
Bonilla underachieved during his playing days for the Mets. In 2000, the Mets agreed to buy out the remaining $5.9 million on Bonilla's contract. However, instead of paying Bonilla the $5.9 million at the time, the Mets agreed to make annual payments of nearly $1.2 million for 25 years starting July 1, 2011, including a negotiated 8% interest. Thus for every year until 2035 Bonilla gets a check from the Mets on July 1. I guess in 2000 the Mets just didn't know how to handle money.
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