So… Was Bobby Bonilla's Contract Financially Brilliant Or Horrendously Stupid?

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Mets Optimistic About Céspedes When Baseball Returns, Philadelphia Phillies Hold First Workout As MLB Players Return To Training, MVP Plaque Presenters To Discuss Landis' Name On MLB Trophy, Why does Bobby Bonilla get paid every year? He returned to the Mets in 1999 after winning the World Series with Florida Marlins. A look at the injuries for Bobby Bonilla, and the financial implications. When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Bonilla will be aged 72 by the time he receives his final paycheck from the Mets. Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. Every July 1, the sun rises, the sun sets and Bobby Bonilla gets paid $1,193,248.20. Why would The Mets agree to pay so much more than $5.9 million? With the franchise looking to invest the sum in another deal, the Mets agreed to defer Bonilla's salary with a reported 8% interest, spread between 2011 and 2035.
The Mets did the math and calculated that at even an 8% return, they would make a $60 million profit on the deferment. Ken Griffey Jr Still Getting Paid In MILLIONS More Than Current Stars From Cincinnati Reds. If the deferred salary till 2035 is taken into account, he will be making almost $85 million. Bobby Bo was owed $5.9 million in the final season of his contract with the New York Mets.

During the 1999 NCLS, Bonilla infamously played cards with teammate Rickey Henderson in the clubhouse while their team were losing to the Braves. That equates to $1.2 million per year for 25 years starting when Bonilla was 47 years old and long gone from baseball. Also Read | Why does Bobby Bonilla get paid every year? The 57-year-old is also making $500,000 every year from the Orioles after he agreed to a second deferred salary agreement of his career. Click on the different category headings to find out more and change our default settings. The NY Mets Just Paid 57-Year-Old Bobby Bonilla $1.19 Million, MLB Pitcher Makes Enormous Bet On Himself And It Pays Off With An Enormous Bobby Bonilla-Style Contract, Long Before Bobby Bonilla's 25 Year Gravy Train, This Random NFL Player Negotiated An Equally Unique And Lucrative Deal…, Bryce Harper Will Be Earning Money For A Long Time…But Not Nearly As Long As Bobby Bonilla Will. Submit a correction suggestion and help us fix it! You may be surprised to learn that even though Bonilla hasn't played professionally since 2001, The NY Mets will be paying him nearly $1.2 million per year for the next 25 years, starting July 2011 and ending 2035.

By 1999, Bonilla had re-joined the Mets. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site.

The Mets knew he could be easily cut loose to free up a roster spot.


This scheme would eventually cost Wilpon $700 million personally. Bonilla and his agent proposed that instead of paying him $5.9 million in 2001, they instead pay $29.8 million over 28 years starting in 2011.

He played in Major League Baseball for 15 years from 1986 to 2001.

When Bobby Bonilla Wakes Up On Saturday, He'll Be $1.2 Million Richer :). They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. Fun fact: This was not actually the first spaced-out contract Bobby signed with The Mets. According to Spotrac, Bonilla's career earnings till date is estimated to be more than $65 million. Already Subscribed? Talk about smart retirement planning! Career: 287 HR, .279 BA, 1173 RBI, 3B/RF/1B, 6xAllStar, Pirates/Mets/... 1986-2001, b:B/t:R, 1x 2B Leader, born in NY 1963, Bobby-Bo

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In 2001 Bonilla was an aging veteran with $5.9 million left on his contract. Bobby Bonilla contract details, salary breakdowns, payroll salaries, bonuses, career earnings, market value, transactions and statistics. He also receives $250,000 per year connected to a deal he struck with The Mets in 1994 for a total of $1.45 million. Here's why -. Bonilla retired from the game in 2001, however his last contract with The Mets entitles him to earn nearly $1.2 million for 25 years starting in 2011 and ending in 2035. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.

Why does Bobby Bonilla get paid every year?