Bobby Bonilla - The single best contract ever in sports!

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Yes, Bobby Bonilla is still being paid by the New York Mets. He receives an annual payment of just under $1.2 million on July 1st, which is referred to as "Bobby Bonilla Day". These payments will continue until 2035.

Elaboration:
  • Deferred Pay: The payments are part of a deferred salary agreement made when Bonilla was a player for the Mets.

  • July 1 Payments: Bonilla's annual payment of $1,193,248.20 is made on July 1st each year.

  • "Bobby Bonilla Day":Due to the unique nature of the payment schedule, this day is now referred to as "Bobby Bonilla Day" by fans.
    • Extended Payments: The payments are scheduled to continue until July 1, 2035.

Bonilla's agent, Dennis Gilbert, was an insurance agent at the same time he developed into a superagent (Gilbert's clients included Bonilla, Barry Bonds, Jose Canseco and Danny Tartabull), so he was more uniquely prepared to understand annuity-type payouts than other agents.



:groupwave::groupwave::groupwave::groupwave::groupwave:
 
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Other notable examples of deferred-money contracts


--Bobby Bonilla (again): A second deferred-contract plan with the Mets and Orioles pays him $500,000 a year for 25 years. Those payments began in 2004.


--Bret Saberhagen: Will receive $250,000 a year from the Mets for 25 years (payments also began in 2004; this was the inspiration for Bonilla's deal).


--Max Scherzer: Will receive $105 million total from the Nationals that will be paid out through 2028.


--Manny Ramírez: Will collect $24.2 million total from the Red Sox through 2026.


--Ken Griffey Jr.: Will receive $3.59 million from the Reds every year through 2024 as the deferral from his nine-year, $116 million deal signed in 2000.


--Todd Helton: Will get $1.3 million from the Rockies every year through 2023 as the result of $13 million deferred when he signed a two-year extension in 2010.
 
Ohtani 'bout to make out like a fat rat too.

10-year contract: $700 million


  • Annual salary during contract: $2 million per year for 2024-2033

  • Deferred payment period: $680 million paid out annually from 2034-2043
 
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