Overview

• Bobby Bonilla receives $1.19 million every July 1 from the Mets as part of a deferred payment agreement made in 2000.
• The original $5.9 million buyout ballooned to $29.8 million due to an 8% interest rate and the Mets' involvement in the Bernie Madoff Ponzi scheme.
• Current owner Steve Cohen has embraced the day, suggesting annual celebrations and even considering handing Bonilla an oversized check.
• Deferred payments are common in MLB, with notable examples including Shohei Ohtani's $700 million Dodgers contract and Ken Griffey Jr.'s Reds deal.
• Bobby Bonilla Day serves as a financial lesson for younger athletes, emphasizing the importance of securing long-term financial stability.