Wednesday, July 1, 2020
It's Bobby Bonilla Day!
It is a New York holiday (at least until 2035) that you may not be aware of, Bobby Bonilla Day. What is Bobby Bonilla Day?
In 2000, the New York Mets owed Bonilla $5.9 million to buy out his
contract. Rather than pay the lump sum, Bonilla and the Mets agreed to a
payment of about $1,193,248.20 every July 1st for 25 years, starting on
July 1, 2011. The agreed upon interest rate was 8 percent. So, the
former Mets slugger will be receiving payments until 2035, when he turns
72, 36 years after he last played for the team.