Every year on this date, the New York Mets pay retired Major Leaguer Bobby Bonilla more than $1.1 million for a season he never actually played in Flushing.
In Bonilla's final stint with the Mets in 1999, he hit .160 with 4 home runs and 18 RBIs over 60 games. So rather than bring the aging slugger back for the 2000 season, for which he was to be paid $5.9 million, Mets management agreed to buy out his contract.New York wanted to defer payments to Bonilla for a decade.
And thus July 1 became known as Bobby Bonilla Day among fans, who have mocked the deal for decades. But in the social media era, the annual event has reached a higher level of nuttiness.Why would the Mets agree to something so absurd? Two words: Bernie Madoff. At the time of the deal, the team and ownership were invested with the Ponzi schemer and expected huge returns on their money.
And what's even funnier is that Bonilla gets yet another $500,000 annual payment in a separate deferred plan paid jointly by the Baltimore Orioles and —How old will Bobby Bonilla be when payments end?
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