'Bobby Bonilla Day' Is Here! A Retired Deal of $1.19 Million With Mets That is Better Than A Contract
July 1 will be a day that Bobby Bonilla will celebrate even if the New York Mets lose.
No, we are not trying to tell you that the Mets losing will be a happy cause for Bobby; but we are telling you this because Bobby is set to receive a yearly amount of $1.19 million till 2035 so we might as well say "Happy Bobby Bonilla Day Bobby!".
This is an arrangement that began back in 2011 and runs through 2035 as part of a "deferred payment agreement" reached way back in 2000; The retired baseballer has something more to be happy about in his life.
The contract reports by ESPN suggest that the Mets released Bonilla, who was once one of MLB's highest paid players after the 1999 season. Rather than paying Bonilla the $5.9 million that the Mets owed him in 2000; the Mets agreed to pay him the amount later and add an annual 8% interest to the sum amount.
His career batting stats suggest how much he meant to any team he donned the shirt of.
Caption: Bobby Bonilla Career Batting Stats.
Photo Credit: espn.com
Payments, as per the contract, began back in 2011, and to date, Bonilla has accumulated $8.35 million. By the time the final payments are done with in around 18 years time, Bonilla will have parlayed that initial $5.9 million into a healthy total of $29.8 million.
Caption: Retired Bobby Bonilla will receive an average annual salary of $1.19 million from the Mets till 2035.
Photo Credit: spotrac.com
Surely that is going to make some drastic changes in his net worth, which currently stands at the $27 million mark.
Following his time with the Mets, he then played for the St. Louis Cardinals in 2001 and retired from professional baseball at the end of the season.
In the meanwhile, the Mets have gotten off to a very rocky start this season. Their win/loss record currently is very miserable and is below .500, and their National League playoff hopes seem to be going downhill.
Stay with us for the emerging updates on Bobby Bonilla!