Happy Bobby Bonilla Day

[BrummerStealsHome]

Worst contract in the history of baseball.

[Bad14]

Didn't his injury lead to Pujols being called up?

[Clubmaker2]

Yes, they needed a rh bat for Colorado and they had a coaches meeting with TLR and discussed that AP would actually play and not sit the bench which would be bad for youngster who should be getting at bats. Also they weirdly played Rockies 6 of first 9 games.

[Goldfan]

Worst contract in the history of baseball.

Idk….1.1mil today ain’t what it was when he signed the deal

[imetsatchelpaige]

Nice gig if you can get it.

[Strummer Jones]

Worst contract in the history of baseball.

Just wait until it's Shohei Ohtani day.

[BrummerStealsHome]

Worst contract in the history of baseball.

Idk….1.1mil today ain’t what it was when he signed the deal

Yes, but Bobby Bonilla will make more that 14 Cardinals on the active roster this year.

[Absolut]

Worst contract in the history of baseball.

Idk….1.1mil today ain’t what it was when he signed the deal

Yes, but Bobby Bonilla will make more that 14 Cardinals on the active roster this year.

He still hits better than them too

[Red7]

Actually, the Mets came out ahead. They took the money they owed Bonilla and bought an annuity. They essentially are paying Bonilla from the interest.

[Goldfan]

Actually, the Mets came out ahead. They took the money they owed Bonilla and bought an annuity. They essentially are paying Bonilla from the interest.

Here's why Bobby Bonilla collects a $1.19 million paycheck ...
The "Bonilla contract" refers to a deferred payment agreement between former New York Mets player Bobby Bonilla and the team. In 1999, the Mets bought out the remaining $5.9 million of Bonilla's contract, but instead of paying him the lump sum, they agreed to make annual payments of nearly $1.2 million for 25 years, starting in 2011, with 8% interest. This agreement, negotiated by then-owner Fred Wilpon, is why Bonilla still receives a substantial payment from the Mets every July 1, now known as "Bobby Bonilla Day".

Looks like terrible deal for Mets and now owner Cohen. But great deal for Wilpon and Bonilla…

[An Old Friend]

Worst contract in the history of baseball.

Anthony Rendon
Chris Davis
Stephen Strasburg

In the world of bad contracts, Bonilla likely doesn’t land in the top 100.

[An Old Friend]

Actually, the Mets came out ahead. They took the money they owed Bonilla and bought an annuity. They essentially are paying Bonilla from the interest.

Here's why Bobby Bonilla collects a $1.19 million paycheck ...
The "Bonilla contract" refers to a deferred payment agreement between former New York Mets player Bobby Bonilla and the team. In 1999, the Mets bought out the remaining $5.9 million of Bonilla's contract, but instead of paying him the lump sum, they agreed to make annual payments of nearly $1.2 million for 25 years, starting in 2011, with 8% interest. This agreement, negotiated by then-owner Fred Wilpon, is why Bonilla still receives a substantial payment from the Mets every July 1, now known as "Bobby Bonilla Day".

Looks like terrible deal for Mets and now owner Cohen. But great deal for Wilpon and Bonilla…

Let’s be serious - it was a disaster for Wilpon

[cardstatman]

Worst contract in the history of baseball.

Idk….1.1mil today ain’t what it was when he signed the deal

Yes, but Bobby Bonilla will make more that 14 Cardinals on the active roster this year.

He still hits better than them too

[Clubmaker2]

Actually, the Mets came out ahead. They took the money they owed Bonilla and bought an annuity. They essentially are paying Bonilla from the interest.

Why would Bonilla accept some extremely low annuity payment from the mets compared to the annuity market rate? For bonilla he could just take his money buy his own annuity at that great rate you say the mets went out and bought one. Not Like he would settle for one less from the Mets than the market rates at the time he could have bought himself with the money. Doubt the players association would have approved such a loss for Bonilla.

A more exciting story, even semi logical, touted by CNN, is that this bonilla money was money Wilpon dumped into Bernie Madoff thinking they could make more from Madoff and pay off Bonilla over time with just part of the Madoff gains.

https://www.cnn.com/2025/07/01/sport/bo ... ts-mlb-spt

[Clubmaker2]

Also note that 6 mil borrowed at 8 percent for 35 years, would have 537k a year payments paying it back, yet the mets borrowed 6 mil from bobby and pay 1.2 mil a year for 35 years ...which is about a 20 percent interest rate loan, it is just crazy. FYI 30 year mortgage rate in 1999 roughly 7.4 percent.

[An Old Friend]

Actually, the Mets came out ahead. They took the money they owed Bonilla and bought an annuity. They essentially are paying Bonilla from the interest.

Is it possible you don’t know the story?