Baseball Fans Honor Bobby Bonilla on His Special Day

WHO:

Yahoo Sports - Bobby Bonilla, New York Mets, Dodgers, Florida Marlins, Mike Piazza, Todd Zeile, Shohei Ohtani, Edwin Diaz

IJR - Bobby Bonilla

WHAT:

Yahoo Sports - Bobby Bonilla receives $1,193,248.20 annually from the New York Mets every July 1, known as Bobby Bonilla Day.

Yahoo Sports - The New York Mets deferred the remaining $5.9 million on Bonilla’s contract in 2000 after releasing him.

Yahoo Sports - The deferred payment plan for Bonilla was set for 10 years with 8% interest, spread out over 25 years.

Yahoo Sports - The Mets used the deferred $5.9 million to acquire Mike Hampton, who helped them win the 2000 World Series.

Yahoo Sports - The Dodgers currently have eight players with deferred payments.

WHERE:

Yahoo Sports - The New York Mets and the Dodgers are Major League Baseball teams.

WHEN:

Yahoo Sports - Bobby Bonilla Day is celebrated every July 1.

Yahoo Sports - The next game for Team Mexico in the World Cup is scheduled for Sunday.

WHY:

Yahoo Sports - The New York Mets wanted to relieve themselves of Bonilla’s contract while still fulfilling their financial obligations.

HOW:

Yahoo Sports - Bonilla’s agent negotiated the deferred payment plan to benefit his client after the Mets released him.

Bobby Bonilla is once again in the spotlight as he receives his annual payment of $1,193,248.20 from the New York Mets on what fans celebrate as Bobby Bonilla Day. This unique arrangement stems from a deferred payment plan set up in 2000 when the Mets released Bonilla, allowing them to use the remaining $5.9 million on his contract to acquire Mike Hampton, who played a key role in their 2000 World Series victory. Interestingly, the Dodgers currently have eight players with similar deferred payments, showcasing a trend in Major League Baseball.