Bobby Bonilla’s Mets Payday Is Here Again
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Al Bello/Staff/Getty Images(NEW YORK) — Bobby Bonilla’s payday is here again.
Each year on July 1, from now until 2035, the former Major League Baseball player collects a check for $1,193,248.20 from the New York Mets.
The money is part of a deferred buyout deal – paid over 25 installments – that the team agreed to following the 1999 season. Bonilla was owed $5.9 million, but instead of simply footing the bill, the Mets agreed to defer the payments, with interest, until 2011.
July 1, 2015 marks the fifth payment, with 20 remaining. In total, the Mets will pay Bonilla $29.8 million in the yearly payments.
Bonilla – who hasn’t played in the major leagues since 2001 – will earn more money from the Mets this season than 16 players currently on the team’s active roster, according to salary data.
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