MLB: Happy Bobby Bonilla Day!

[Cyched]

I’m in the wrong line of work

Bobby Bonilla Day: Why the Mets still owe former MLB All-Star more than $1M per year on July 1

Happy Bobby Bonilla Day to all who celebrate

www.cbssports.com

Bonilla's deferred salary with the Mets is the most famous July 1 payment in baseball, hands down, but it is not the only July 1 payment in the game. In fact, Bonilla has a second deferred salary agreement with the Baltimore Orioles, who still owe him $500,000 a year from 2004-28. July 1 is a good day in the Bonilla household

 

[theshadow]

 

[JP4CY]

10 years left.

 

[4cy16]

10 years left.

 

[4cy16]

After being traded to the Los Angeles Dodgers partway through the 1998 season, he was traded back to the New York Mets before the 1999 season. When the Mets wanted to release him at the end of the year, he negotiated a settlement whereby the Mets would pay him $1.19 million on July 1 every year from 2011 through 2035, a date that has become known in Mets fandom as "Bobby Bonilla Day". He is also paid $500,000 by the Orioles every year from 2004 to 2028 due to them also having a deferred contract with him.[6] After two more lackluster seasons, one each with the Atlanta

 

[BigJCy]

 

[CYdTracked]

Bet if you dig through NBA contracts that were bought out there are some doozies out there too. The amount of money some guys have been paid over the years NOT to play for a team across pro sports is just crazy. At least in the NFL not all the money in contracts is guaranteed I guess. Just wait 10 years from now when the Dodgers are paying Ohtani $68 mil a year over 10 years in deferred money after he is no longer playing for them. They probably win a few World Series while he is playing to justify it I'm sure but I'll be curious if that contract comes back to bite them at some point as that is a lot of money wrapped up in someone not on your roster anymore plus they probably will have a few other bad contracts they will eventually be paying out over time too with as much as they are spending right now.