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Thanks to a delayed payment agreement signed in 2000, the former player of the Mets Bobby Bonilla, affects, every July 1, a check for 1.19 million dollars.
Each July 1st, since 2011, New York dishes have paid a check for $ 1.19 million to the former club player, Bobby Bonilla. This is the consequence of the most famous delayed agreement in the history of the baseball league. It will end in 2035. Bobby Bonilla will then be 72 years old.
At the origin of this delayed agreement, a difficult season for Bobby Bonilla, with the food, in 1999: tense relations with the club manager and sub-performances. In the offseason, the dishes wish to separate from Bonilla, 36 years already, and agree to buy the remaining $ 5.9 million from his contract with the Miami Marlins, signed in 1997. After negotiations between the club and the Bonilla agent, Dennis Gilbert, a delayed payment plan is negotiated.
In place of a lump sum paid in the short term, it is noted that the player will affect, every year, an amount with an interest of 8%, from July 1, 2011 and for 25 years. Or, a total of $ 29 million instead of the 5.9 million originally due. To compensate, the president of the club of the time, Fred Wilpon, bet on the investment fund of Bernard Madoff, the famous American crook, who promised him two -digit yields. He lost $ 700 million there following the revelation of the Ponzi system in 2009.
https://www.youtube.com/watch?v=3wmx_iapapi
After the signing of his delayed payment plan, Bobby Bonilla played two additional seasons in the baseball league, before retiring. With the Braves d’Atlanta in 2000, then in 2001 with the Cardinals of Saint-Louis.
Since July 1 has been enrolled in the food fans calendar. In 2020, when Steve Cohen bought the team, he even signed a partnership with Airbnb to allow four supporters to sleep in the club stadium, Citi Field, the following year for the Bobby Bonilla Day.
The negotiation of a delayed payment plan, not so rare in the baseball world, allows a team to maintain a certain financial flexibility. This is what allowed another player, Shohei Ohtani, to win a staggering agreement with the Dodgers in December 2023. The Japanese player will be paid $ 2 million per year during the ten years of his contract. Then, he will receive $ 68 million per year from 2034 to 2043. or a total amount of $ 700 million.
