Bobby Bonilla Day arrives annually on July 1, when the Mets pay the retired player $1.19 million as part of a deferred compensation deal signed in 1991. The arrangement has become baseball's most famous contract quirk, with the Mets continuing payments through 2035 while other players like Chris Davis have negotiated similar deferrals.
·The Mets owe Bonilla $1.19 million every July 1 until 2035 under a deferred-payment agreement from his playing days
·Bonilla retired in 2001 but continues receiving annual payouts, making him one of baseball's longest-tenured beneficiaries of a single contract
·The NHL's equivalent deferral deal has finally expired after years of similar annual payments
·Other players including Chris Davis have structured contracts with July 1 payments tied to the Bonilla precedent
·MLB owners are seeking to restrict or end deferred compensation agreements like Bonilla's going forward
drawn from ESPN, SB Nation, WBFF, USA Today · updated 8h ago