It's the best day of the year (for Bobby).
If you are any kind of sports fan, you've undoubtedly heard of Bobby Bonilla Day.
July 1st is the day, thanks to a restructured deal due to a buyout, the Mets deposit over $1 million into Bonilla's account. The organization deferred on a $5.9 million payment Bonilla was owed and will instead pay him in installments with an 8% interest rate over 25 years.
Bobby Bonilla when that $1.19 million check hits every July 1 pic.twitter.com/M6AEG5LWzC— The Undefeated (@TheUndefeated) July 1, 2019
Happy Bobby Bonilla Day!— Sporting News MLB (@sn_mlb) July 1, 2019
Bonilla hasn't played for the Mets since 1999, but every July 1 for 25 years he'll receive a paycheck for $1,193,248.
Why? When he was bought out, he was owed $5.9M. But instead of paying that, the team deferred payments at an 8% annual interest rate. pic.twitter.com/CI5JjJGQsF
The Mets are paying Pete Alonso $555,000 this season, less than half of what they are paying Bobby Bonilla ($1.19 million) pic.twitter.com/rQERIwN9F5— Darren Rovell (@darrenrovell) July 1, 2019
Bobby Bonilla waking up today like:— Evan Daniel (@mrevandaniel) July 1, 2019
*Mets will pay Bobby through 2035* pic.twitter.com/LtyhAqPMG4
The fact that Bonilla will continue to be paid until 2035, despite not having played for the Mets since 1999, makes this one of the greatest contracts of all-time.