THE STORY
In 2000, the New York Mets released Bobby Bonilla, who was owed $5.9 million for the final year of his contract. Instead of a lump-sum payment, the Mets agreed to a deferred compensation plan, paying Bonilla $1.19 million annually from 2011 to 2035, totaling approximately $29.8 million. This arrangement has become known as "Bobby Bonilla Day," with payments continuing each July 1. (latimes.com)
TEAMS / PEOPLE:
New York Mets
WHY IT MATTERS
The deferred contract has been widely discussed as a notable front office decision in Major League Baseball, illustrating the complexities and potential long-term implications of financial agreements in professional sports.