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 1999. The agreement, which runs through 2035, has become a symbol of questionable front-office decisions and is now prompting MLB owners to seek an end to such long-term deferrals.
·The Mets owe Bonilla over $1.19M every July 1 through 2035 based on a 1999 contract restructuring
·MLB owners are actively trying to eliminate deferred compensation deals in future contracts following Bonilla's example
·The NHL's equivalent to the Bonilla deal has recently expired, ending a similar long-running payment obligation
·Chris Davis and other players are now cashing in on similar deferred payment structures
·The deal demonstrates how front offices can create decades-long financial commitments through creative contract negotiations
drawn from ESPN, Yahoo Sports, Forbes, MSN · updated 6h ago