{"id":12299,"date":"2025-07-01T15:04:33","date_gmt":"2025-07-01T15:04:33","guid":{"rendered":"https:\/\/ipp-news.com\/?p=12299"},"modified":"2025-07-01T15:04:33","modified_gmt":"2025-07-01T15:04:33","slug":"bobby-bonilla-set-for-another-1m-payout-by-mets-during-bobby-bonilla-day","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=12299","title":{"rendered":"Bobby Bonilla set for another $1m payout by Mets during &#8216;Bobby Bonilla day&#8217;"},"content":{"rendered":"<div>Former Major League Baseball player Bobby Bonilla will receive a payment of $1,193,248.20 from the New York Mets today, as he has on each July 1 since 2011.<\/p>\n<p>The annual payment is part of a deferred salary agreement arranged in 2000 and will continue through 2035.<\/p>\n<p>The agreement originated when the Mets chose to buy out the remaining $5.9 million on Bonilla\u2019s contract.<\/p>\n<p>Rather than a lump-sum payout, the club negotiated a schedule of yearly payments over 25 years with 8% interest. At the time, Mets ownership was invested in a Bernard Madoff fund, which was expected to yield higher returns than the cost of the deferral.<\/p>\n<p>Bonilla, who last played for the Mets in 1999 and retired from professional baseball in 2001, earns more annually from the deal than several current players on league-minimum or early-career contracts.<\/p>\n<p>Among them are Pete Crow-Armstrong, Paul Skenes and James Wood, all of whom are earning less than Bonilla\u2019s 2025 payout.<\/p>\n<p>Deferred salary structures have become more prominent in recent seasons.<\/p>\n<p>In 2024, Shohei Ohtani signed a $700 million contract with the Los Angeles Dodgers, deferring $680 million. He is scheduled to receive $68 million annually from 2034 to 2043.<\/p>\n<p>Bonilla also receives a second annual payment of $500,000 as part of a separate deferred deal involving both the Mets and the Baltimore Orioles, which began in 2004.<\/p>\n<p>Under current Mets owner Steve Cohen, the club has publicly acknowledged the recurring payment. Cohen has previously expressed interest in formalising \u201cBobby Bonilla Day\u201d at Citi Field.<\/p>\n<p>The arrangement remains one of the most notable examples of deferred compensation in professional sport.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former Major League Baseball player Bobby Bonilla will receive a payment of $1,193,248.20 from the New York Mets today, as he has on each July 1 since 2011. The annual payment is part of a deferred salary agreement arranged in 2000 and will continue through 2035. The agreement originated when the Mets chose to buy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-12299","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/12299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12299"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/12299\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}