The New York Mets pay long term pay former player Bobby Bonilla $1.2 million on July 1 every year as a part of deferred payment schedule.
Bonilla has retired quite a long time. The salary still received by the ex-player is a portion of the contract worth $5.9 million confirmed while buying out Bonilla in 2000 season.
The process is going on, but a conscious baseball fan has come to know of it since 2013.
When the Mets’ officials bought Bonilla in a new agreement, they thought they would make huge returns out of their investment with Bernard Madoff’s Ponzi schemes.
Once Madoff’s Ponzi schemes failed miserably, the Mets’ finance came to ruins. And Bonilla’s contract met an obvious end to become a mere hilarious punchline. But in 2013, at 50, his earnings from the Mets superseded the star outfielders of the team.
Bonilla struck terrific form in his first stint with Mets during 1992-95. His sturdy 851 OPS in a Mets uniform overshadowed forever by the massive contract that first put him on the Mets. But getting rid of Bonilla helped the Mets to create free cap space for short-term to build a national champion side in 2000, according to many baseball analysts.