Wednesday, July 1, 2020

It's Bobby Bonilla Day for the New York Mets

Bobby Bonilla played most of his career for the Pittsburgh Pirates and New York Mets as a first baseman, third baseman, and outfielder.  You can view his statistics at Baseball-Reference.   Mark Souder wrote a biography of him for SABR (Society for American Baseball Research).

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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