Bobby Bonilla Day: Mets' Deferred Compensation Deal Explained

Every July 1st, the New York Mets pay former player Bobby Bonilla over a million dollars due to a deferred compensation agreement from 2000. This deal, which originated from a buyout of his contract and a subsequent investment with Bernie Madoff, has become a notable example of deferred compensation in sports.

1 Jul, 13:36 — 1 Jul, 13:36

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YahooMostly Factual3d ago

Bobby Bonilla Day: how a Bernie Madoff gamble left the Mets paying $1.19 million a year

Every July 1st, one retired baseball player wakes up richer than some of the sport’s current stars — and he last swung a bat for the New York Mets back in 1999. That player is Bobby Bonilla, and Wednesday marks another edition of the unofficial holiday that carries his name.

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Yahoo1 Jul, 13:36First to report

Bobby Bonilla Day: how a Bernie Madoff gamble left the Mets paying $1.19 million a year

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forbes1 Jul, 17:25Latest update

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Bobby Bonilla Day: Mets' Deferred Compensation Deal Explained

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Bobby Bonilla Day: how a Bernie Madoff gamble left the Mets paying $1.19 million a year

Coverage Timeline

Bobby Bonilla Day: how a Bernie Madoff gamble left the Mets paying $1.19 million a year

What Bobby Bonilla Day Can Teach Us About Deferred Compensation - Forbes

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