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Bobby Bonilla Day: Why Mets Pay Long Retired Slugger $1 Million Annually

By Jason Hall Photo: Getty Images Bobby Bonilla hasn t appeared in a Major League Baseball game since 2001, yet he s received a $1,193,248.20 check from the New York Mets on January 1 of every year since 2001, as he ll continue to do through 2035. Why is that? Basically, the Mets decided to make deferred payments on the remainder of Bonilla s $5.9 million contract in 2000, which has led to the team paying even more long-term. Rather than just paying the deal outright, the franchise instead agreed to pay Bonilla, 52, nearly $1.2 million annually for 25 years, which began on July 1, 2011 and includes a negotiated 8% interest, so he ll continued to be paid annually until he s 72.

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