Happy Bobby Bonilla Day! Get yourself a gig in which your former employer pays you $1.19 million a year until 2035
, who decided to release him after a lackluster 1999 season. One problem: They still owed him $5.9 million for the next season.The two sides agreed to defer that payment for 10 years, but with an 8% annual interest rate. So by the time Bonilla started receiving those payments, he was owed $29.8 million, which was split into annual payments of $1,193,248.20 over 25 years.
Of course, there have been similarly outrageous deals over the years. The Washington Nationals have kind of made deferments their thing — they will pay Stephen Strasburg $10 million each year from 2024-30 and Max Scherzer $15 million each year from 2022-28. But by the time the Nationals are done paying the two pitchers a total of $25 million, the Mets will still have Bonilla on their payroll for five more years.So once again, happy Bobby Bonilla Day! May each and every one of you somehow talk your bosses into cutting a similar deal for you.
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