Today, as since 2011, Bobby Bonilla will receive a check for $ 1,193,248.20 for the New York Mets. In case you don’t know the story, before the 2000 season the Mets wanted to buy back the remaining $ 5.9 million from Bonillia’s contract. The Mets and Bonillia agreed that instead of paying $ 5.9 million now, the team would pay the player around $ 1.2 million per year for 25 years from July 1, 2011 until 2035.
Now, these are the types of decisions that have made the Mets, well, the Mets, the laughing stock of the sports pages. The Wilpons were enjoying the fraudulent profits of investing with their longtime friend Bernie Madoff, which was another great move (see dictionary for sarcasm) by Fred and his son Jeff. So basically Bonillia was another victim of their relationship with the world famous criminal.
Bobby Bonillia was a very good player. He played 16 years in the Major League with 2 stints in New York with the Mets. He amassed nearly 300 home runs. He was a good defenseman and a regular hitter. By the time the season ended in 1999 with a loss to the Braves in the National League Championship Series, Mike Piazza was now the star of that team and Bonillia was on the way off the bench. So you understood that management wanted to take the aging veteran off the roster. The math of chord is where it gets scary.
The Wilpons no longer own the Mets and Bobby Bonillia, including the agreed interest, took the Mets for about or not so about an additional $ 26,317,695.50 plus the original $ 5,900,000. Not bad. Congratulations Bobby!