Bobby Bonilla, a former MLB All-Star, collects $1.19 million annually from the Mets on July 1, known as Bobby Bonilla Day. He played 16 seasons in Major League Baseball, primarily with the Pirates and Mets. Bonilla signed a notable five-year, $29 million contract with the Mets in 1991. After his return in 1999, the team deferred a payment of $5.9 million to him, leading to a larger total to be paid over 25 years due to interest. The Mets' initial hope for investment profits from Bernie Madoff to cover Bonilla's payments ultimately failed due to the Ponzi scheme.
Bobby Bonilla Day is celebrated on July 1, marking when the former Mets player receives an annual payment of $1.19 million, part of his deferred contract agreement.
Bonilla played 16 seasons in Major League Baseball, most notably with the Pittsburgh Pirates and the New York Mets, earning six All-Star selections during his career.
The Mets agreed to defer a payment of $5.9 million owed to Bonilla, leading to an agreement that swelled to a total of $29.8 million paid across 25 years.
Fred Wilpon, then-owner of the Mets, hoped investments with Bernie Madoff would cover Bonilla’s deferred payments, but the funds were tied up in Madoff’s Ponzi scheme.
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