Bobby Bonilla will receive a payment of $1,193,248.20 from the New York Mets on July 1, marking his annual payday which continues until 2035. This arrangement stems from a buyout of his contract in 2000, opting for deferred payments rather than a lump sum. The trend of deferring payments has recently gained prominence in Major League Baseball, with teams like the Dodgers using it strategically in contracts. Bonilla's annual salary often surpasses some current stars, igniting discussion about salary fairness in the league.
Bobby Bonilla will collect a check for $1,193,248.20 from the New York Mets on July 1, a payment structure agreed upon in 2000, continuing through 2035.
Deferred payments have become a trend in Major League Baseball, allowing teams to spread costs over years, as seen with the Dodgers' deal with Shohei Ohtani.
Bonilla's annual payday is often more than some current young stars in the league, raising discussions about salary structure and deferred payments in MLB.
The Mets agreed to pay Bonilla nearly $1.2 million annually for 25 years, starting from 2011, after they opted for a buyout in 2000.
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