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’.

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