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.
Bruce Slutsky was born in New York City in 1949. I retired six years ago after working as a Science/Engineering Librarian at the New Jersey Institute of Technology in Newark for 25 years. I was married to Karen until she passed away in February 2021. I have a son Lee who is now 35 years old. I am very much interested in the popular music of the 1960s, especially Bob Dylan and the Beatles. I am interested in rock and roll radio. I am an enthusiastic fan of the New York Mets.
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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