Bobby Bonilla is still getting over on the New York Mets.
The club, struggling to make payroll and looking to sell part of the franchise to stay above water, deferred nearly $6 million in Bonilla’s final year with the team and added an 8 percent interest rate that will start to be paid out on July 1 as part of a deal that helped the Mets release Bonilla, the New York Post reports. That turned Bonilla’s original $5.9 million salary to nearly $30 million
The Mets will pay Bonilla $1.2 million annually for the next 25 years despite him not having played for them since 1999 or in the big leagues since 2001.
Bonilla totaled five seasons with the Mets and hit .270 with a .356 on-base percentage, hit 95 home runs and drove in 295, but he was considered a malcontent and the Mets wanted to get rid of him after the 1999 season.
Bonilla is also being paid $500,000 annually by the Baltimore Orioles until 2015 for a similar buyout and he holds a “special assistant” job with MLB that pays him $200,000 a year.
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Read more: http://aol.sportingnews.com/mlb/sto...bobby-bonilla-for-next-25-years#ixzz1MYdz7scI
Read more: http://aol.sportingnews.com/mlb/sto...bobby-bonilla-for-next-25-years#ixzz1MYdt9tNl
http://aol.sportingnews.com/mlb/story/2011-05-16/mets-will-be-paying-bobby-bonilla-for-next-25-years
The club, struggling to make payroll and looking to sell part of the franchise to stay above water, deferred nearly $6 million in Bonilla’s final year with the team and added an 8 percent interest rate that will start to be paid out on July 1 as part of a deal that helped the Mets release Bonilla, the New York Post reports. That turned Bonilla’s original $5.9 million salary to nearly $30 million
The Mets will pay Bonilla $1.2 million annually for the next 25 years despite him not having played for them since 1999 or in the big leagues since 2001.
Bonilla totaled five seasons with the Mets and hit .270 with a .356 on-base percentage, hit 95 home runs and drove in 295, but he was considered a malcontent and the Mets wanted to get rid of him after the 1999 season.
Bonilla is also being paid $500,000 annually by the Baltimore Orioles until 2015 for a similar buyout and he holds a “special assistant” job with MLB that pays him $200,000 a year.
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Read more: http://aol.sportingnews.com/mlb/sto...bobby-bonilla-for-next-25-years#ixzz1MYdz7scI
Read more: http://aol.sportingnews.com/mlb/sto...bobby-bonilla-for-next-25-years#ixzz1MYdt9tNl
http://aol.sportingnews.com/mlb/story/2011-05-16/mets-will-be-paying-bobby-bonilla-for-next-25-years