Bobby Bonilla Day aka Darren Rovell Day is a holiday we all love to celebrate every July 1st as a way to bring the internet together for one common goal: to make fun of the Mets for being the hilarious, dysfunctional franchise they are. For those of you who somehow don’t know this story, Bobby Bonilla gets a check every July 1st for $1.19 million until 2035. Pretty decent for a guy who retired in 2001.
Details of the deal via ESPN – The Mets owed Bonilla $5.9 million for the 2000 season and no longer wanted him. So the club negotiated with Gilbert to attach an 8 percent annual interest rate to that money. With the clock starting in 2000, that adds up to $29.8 million. The first installment of the payout came on July 1, 2011, and the Mets will pay their sixth installment on Friday.
But as much as we love trashing the Mets, this isn’t necessarily a new thing. Bobby Bonilla isn’t the only player cashing checks while sitting on his couch 4th of July weekend long after he stepped on the baseball field. This is actually common across MLB contracts.
Get ready, this is a long thread
Bobby Bonilla Day is much more fun.