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Re: Eli's Gone post# 197024

Sunday, 02/21/2021 8:36:24 AM

Sunday, February 21, 2021 8:36:24 AM

Post# of 210151
The gift that keeps on giving...

Mets will still be paying Bobby Bonilla after Fernando Tatis Jr.'s 14-year deal ends.

Fernando Tatis Jr.'s 14-year, $340 million contract with the San Diego Padres might be long, but it has nothing on Bobby Bonilla's deal with the New York Mets. This will make you feel even older — and make Bonilla's agent look way smarter — but Bonilla will actually still be getting paid by the Mets after Tatis' contract expires.

How is that possible? In 2000, the Mets decided to buy out Bonilla's $5.9 million contract. Instead of taking a lump sum, Bonilla's agent — Dennis Gilbert — negotiated a deal that would pay Bonilla over multiple years at an 8 percent interest rate. The end result of the deal means Bonilla is being paid $1.16 million by the Mets every July 1, which has unofficially been referred to as Bobby Bonilla Day by dedicated baseball fans.

Those payments started in 2011, and will run through 2035. Tatis' deal with the Padres will end in 2034.



https://sports.yahoo.com/the-mets-will-still-be-paying-bobby-bonilla-after-fernando-tatis-jrs-14-year-deal-ends-164451048.html?ncid=facebook_yahoosport_l0w2dc1068w&fbclid=IwAR2OYtuw4J4hG-WnWqDevStABv-3bVwUggbuQxg2dpmhiCvzUcn1dXD2B0Q

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