“Bobby Bonilla Day” refers to an annual payment made by the New York Mets to former player Bobby Bonilla on July 1. Multiple outlets report that the Mets pay him $1.19 million each year and that this schedule continues through 2035. The payment is tied to a deferred compensation arrangement the Mets agreed to in 1999, which was structured to shift payouts away from the end of Bonilla’s playing career. Bonilla is a former MLB All-Star and the deal is often discussed as a long-running example of deferred contracts in baseball finance. Several articles note that Bonilla has been retired for years, but the Mets’ obligation still remains, with the current payment described as the 16th such installment. One source also frames the day as an event that arrives around the time of Mets games on July 1, while other coverage emphasizes the long-term size and duration of the Mets’ obligation.
Bobby Bonilla Day continues as Mets make $1.19 million payment in deferred contract
“Bobby Bonilla Day” refers to an annual payment made by the New York Mets to former player Bobby Bonilla on July 1. Multiple outlets report that the Mets pay him $1.19 million each year and that this...
- The New York Mets make a $1.19 million payment to Bobby Bonilla every July 1.
- The payments continue through 2035.
- The arrangement stems from a deferred payout deal agreed to by the Mets in 1999.
- Bonilla has been retired for years, but the contract obligation remains active.
- The July 1 payment is described as the 16th installment in this ongoing series.
Before the Mets face the Toronto Blue Jays on July 1, they will have made a payment to slugger who has been retired since 2001.
3 months agoEvery July 1, Bobby Bonilla, under one of baseball’s most famous deferred contracts, receives another $1.19 million payment from the New York Mets. The annual payment is now “Bobby Bonilla Day,” a periodic reminder of how a 1999 agreement continues to influence MLB financial discussions more than 20 years later.
3 months agoHappy Bobby Bonilla Day to all who celebrate
3 months agoIn 1999, the Mets agreed to a deferred payout to aging slugger Bobby Bonilla, creating an anti-holiday that will be celebrated through 2035.
3 months agoIn 1999, the Mets agreed to a deferred payout to aging slugger Bobby Bonilla, creating an anti-holiday that will be celebrated through 2035.
3 months agoBobby Bonilla gave up $5.9 million in 2000 for $29.3 million between 2011 and 2035. Let's get into why that deal was fine for the Mets.
3 months agoBobby Bonilla gets a check every July 1 from the New York Mets for $1.19 million. And will continue to get them until 2035.
3 months agoHappy Bobby Bonilla Day to those who celebrate.
3 months ago
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