The New York Mets made their annual $1.19 million payment to former outfielder Bobby Bonilla as part of a deferred payment plan that began in 2011. Bonilla signed a five-year, $29 million contract with the team, but his deferred salary agreement started about 20 years later and will continue until 2035. Despite being traded to the Baltimore Orioles in 1995 and winning a World Series with the Florida Marlins in 1997, Bonilla’s contract with the Mets has become a yearly reminder of a bizarre deal, with fans celebrating its payment each July 1.
Bonilla, who last played in MLB for the St. Louis Cardinals in 2001, joked that the payment has become like his birthday since it is a date that many people remember. He even appeared in a Mint Mobile commercial to poke fun at the deal. Team owner Steve Cohen reportedly reached out to Bonilla about making a formal day to celebrate the payment, but the former player said he is focused on his family and not thinking about anything until his child is off to college. Despite no longer being in the league, Bonilla is still making more money than some current professional athletes, including San Francisco 49ers quarterback Brock Purdy.
At 61 years old, Bonilla continues to receive these annual payments from the Mets, bringing in a substantial amount of money each year. While his playing days are long behind him, the deferred payment plan has provided financial security for the former slugger. ESPN’s Adam Schefter noted that Bonilla’s annual payment exceeds Purdy’s base salary for the upcoming season, highlighting the unique nature of his contract with the Mets. The arrangement has become a point of fascination for fans and commentators alike, with many marveling at the longevity and value of the deal for Bonilla.
The Mets’ decision to defer Bonilla’s salary has been both criticized and admired over the years, with some viewing it as a savvy financial move while others see it as indicative of mismanagement. Regardless of opinions on the deal, Bonilla’s continued receipt of payments has become a symbol of the team’s history and legacy. As one of the highest paid players in baseball during his career, Bonilla’s deferred payments have allowed him to maintain a comfortable lifestyle long after his playing days have ended. The annual July 1 payment has become a tradition for Mets fans, who celebrate the unique arrangement each year as a reminder of the team’s past decisions and the enduring impact of Bonilla’s contract.
