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Bobby Bonilla Day: The MLB Holiday Celebrating a Unique Contract

1 min read
Source: CNN
Bobby Bonilla Day: The MLB Holiday Celebrating a Unique Contract
Photo: CNN
TL;DR

Bobby Bonilla, who hasn't played in MLB for over 20 years, continues to receive nearly $1.2 million annually from the New York Mets until 2035 due to a deferred payment deal linked to the Mets' previous investment in Bernie Madoff's Ponzi scheme, highlighting a long-standing practice of deferred sports contracts.

Topics:top-newssports#bobby-bonilla#deferred-payments#madoff-ponzi-scheme#mlb#sports#sports-contracts
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  1. He hasn’t played in MLB for more than two decades. One team is paying him $1.2 million a year until 2035  CNN
  2. Happy Bobby Bonilla Day! Why the New York Mets pay him $1.19 million every July 1  ESPN
  3. Happy Bobby Bonilla Day! Why infamous contract became beloved MLB holiday  USA Today
  4. ‘Better Than My Birthday’: Bobby Bonilla on His Special Day  Yahoo Sports
  5. The player and the life insurance agent behind Bobby Bonilla Day  The Washington Post

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