“ …still get paid $1.2m every year” – Bobby Bonilla still gets paid even after retiring from baseball in 2001
Follow Us
Bobby Bonilla
Bobby Bonilla’s got his own special day marked on the calendar after his epic retirement in 2001 from baseball. The former MLB star still gets a huge amount from the New York Mets every summer despite not having played with them for a century. He hasn’t played professional baseball since 2001 and for the Mets since 1999. But every year on July 1 constantly for 25 years, he receives a paycheck of $1.2 million.
This incident takes place mostly because when Bobby Bonilla was bought he originally owned $5.9 million. At that time the team didn’t pay up the amount but instead decided to defer payments at an 8% annual interest rate. It’s incredible that Bobby earns $1.2 million for so many years even after saying goodbye to the MLB field. He is making double the salary of All-Star Mets pitcher Matt Harvey.
Bobby Bonilla gets paid $1.2 million on the 1st of July every year
It is said that Bobby Bonilla will be earning more this year (2022) than Russell Wilson has as well as some other popular athletes. He spent 15 years in the Major Baseball League with 8 different teams and secured the All-Star position 6 consecutive times. In 2001, the 59-year-old retired after winning the World Series in 1997 and 3 Silver Slugger Awards, as noted on the-sun.com.
Also Read| “Just a dream come true” – Alex Rodriguez’s nephew Joe Dunand homers in MLB debut for Marlins
Though Bobby was released from the Mets in 2000, the franchise desperately needed money to pursue free agents so his $5.9 million deal was bought out by the MLB. But instead of accepting the money back, he and his agent Dennis Gilbert deferred. By 2011 his income swelled to $29.8 million and for nearly 25 years he’s been accumulating a salary worth $1,193,248.20.
This news was released during his interview with Yahoo in 2019. He stated, “No one really knew about it until it came (to the) news. “It was pretty funny that all of a sudden now it became this thing. Every time I look at Dennis (Gilbert), I say: ‘Thank you.’” He further added, “We got a guaranteed 8% interest rate and made it work and gave him income all the way through age 65.”
Stay Updated!
Kaushani Chatterjee
(2176 Articles Published)