Article author:
Reuters
New York Mets owner Steve Cohen chose to enjoy a little on July 1st, or what is known in the baseball world as Bobby Bonilla Day.
As you can see, July 1st is the day Mets pays a former player $ 1,193,248.20 each year, even though Bonilla isn't suitable for the club since Mets released him in 1999. is. Until 2035, we will continue to receive these deferred payments, which were a $ 5.9 million contract buyout.
Mets has been invested in Bernie Madoff's account, which promises double-digit earnings. Madoff was later revealed as the mastermind of the decades-old investment Ponzi scheme.
Going back to the present, Cohen used social media to spin himself that day.
"I hope everyone is enjoying my favorite day of the year, Bobby Bonilla," Cohen wrote on Twitter.
Bonilla also receives $ 500,000 annually from Baltimore Orioles. In 2004, Orioles began paying a deferred contract with Bonilla for 25 years (until 2029) with a debt of $ 500,000.
Bonilla will be 72 when Mets makes the final payment.
– Field-level media
