Bobby Bonilla's Deferred Payment Plan with the New York Mets

SOURCE www.foxnews.com
The New York Mets made a $1.19 million payment to former outfielder Bobby Bonilla as part of a deferred payment plan that will continue until 2035. Bonilla signed a five-year contract worth about $29 million, and the deferred salary agreement began about 20 years later.

Key Points

  • Bonilla signed a five-year contract worth about $29 million.
  • The deferred payment plan began about 20 years later and will continue until 2035.

Pros

  • Bobby Bonilla continues to receive payments from the New York Mets long after his playing days are over.

Cons

  • The Mets have to make annual payments to Bonilla until 2035, which may tie up funds that could be used elsewhere.