Happy Bobby Bonilla Day
Remember to hug a #mets fan, they need it.
In 2000, the Mets agreed to buy out the remaining $5.9 million on Bonilla's contract.
However, instead of paying Bonilla the $5.9 million at the time, the Mets agreed to make annual payments of nearly $1.2 million for 25 years starting July 1, 2011, including a negotiated 8% interest.
At the time, Mets ownership was invested in a Bernie Madoff account that promised double-digit returns, and the Mets were poised to make a significant profit if the Madoff account delivered,
but that did not work out……
To make matters worse, Bobby Bonilla’s tenure as a Met was mediocre at best.
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Posted on
Jul 1, 2021
More by Nick Barbaria View profile
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