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Retired Bobby BonillaFormer baseball pro Earns over a million dollars a year until age 72
Bobby Bonilla has defrauded his former club, the New York Mets. The now 58-year-old player still benefits from his playing days under the contract.
Bobby Bonilla had every reason to laugh during his playing days – but he probably didn’t think it would last until his 72nd birthday.
imago images/Eduard Bopp
The baseball professional played for a long time in the New York Mets, with whom he also made a super trade in his own favor. The club had done a lot of speculation at the time – Bonilla is happy about it even today.
imago images/Eduard Bopp
The MLB professional didn’t just play for New York’s team. Here he celebrated a National League victory with his then team, the Florida Marlins.
imago sport photo service
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Ex-baseball pro Bobby Bonilla looks forward to July 1st every year because it’s the payday of his former club, the New York Mets.
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The former baseball star rakes in more than $1 million annually.
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He hasn’t played baseball in two decades, but Bonilla took care of it until he was 72. The reason is a strange million dollar contract.
On July 1st, it was that time again: Bobby Bonilla had a payday. Now some are wondering who is Bobby Bonilla? Do you need to know that? In fact, Bon has one of the most recognizable baseball players in MLB.
And despite the fact that he hasn’t played a game in two decades.
But now the 58-year-old looks forward to this special day every year. Because every year on July 1st, a New Yorker’s wallet just rings. His retirement plan is impressive: more than a million dollars will flow into the baseball retiree’s account that day.
Bonilla will therefore not only go down in MLB history as a top player, but also as a professional who signed the craziest contract ever. A million dollar deal for old age.
New York Mets Speculate – Bonilla Says “Thank You”
The New York Mets is the team where Bonilla played, among other things, during his playing career. Bonilla has received a check from the Mets for exactly $1,193,248.20 every July 1 since 2011, even though he last worked for the franchise in 1999. But how can that be? The Mets fired their outfielder before the 2000 season and still owed the 58-year-old $5.9 million at the time. But instead of transferring the full amount to Bonilla, both parties agreed to defer the payment – with eight percent interest.
A mega contract for Bonilla, because he will benefit from the contract until he is 72 years old. The contract, which has been valid for a quarter of a century, has serious consequences – to Bonilla’s advantage, to the club’s expense. Because with interest and compound interest, the 5.9 million eventually became $29.8 million—divided by 25, Bonilla jumped to $1,193,248.20 each year. “It’s a beautiful thing,” the three-time winner of the Silver Slugger Awards told the New York Post in 2017. Since he was 48, the millions have flowed in every year — and they won’t stop until Bonilla is 72.
And the team? Well, the New York Mets made a huge mistake drafting the deal. It is unclear why no one in charge had noticed this error in advance. Or maybe it was a failed plan that New Yorkers had hoped to invest the retained capital in a high-yield fund. But this backfired and Bernie Madoff, who was in charge of the club’s investments at the time, turned out to be a windy financial juggler whose pyramid scheme eventually exploded and destroyed numerous livelihoods. But not Bobby Bonilla, who has a check for over a million dollars in his hands every year on July 1st.
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