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Happy Bobby Bonilla Day! Celebrating the legendary contract that keeps on giving
https://www.usatoday.com/story/sports/mlb/columnist/bob-nightengale/2022/07/01/bobby-bonilla-day-legendary-mets-contract/7777425001/The Mets will once again cut Bonilla a check for $1,193,248.20 on July 1, just as they have since 2011.
And they will continue to do so through 2035
And it’s all happening because of the Mets’ involvement with Bernie Madoff, leaving former Mets owners Fred and Jeff Wilpon cash poor in the infamous $64.8 billion Ponzi scheme. They decided that instead of paying Bonilla the $5.9 million he was owed in 2000, they would give Bonilla deferred payments at 8% interest.
It has turned into $29.8 million.
The Wilpon family no longer own the Mets, or are responsible for the Bonilla payments, selling the franchise for $2.375 billion in 2020 to Cohen.