4 ms·

Spotrac has the details of the payments: https://www.spotrac.com/mlb/new-york-mets/bobby-bonilla-11887/cash-earnings/ https://www.spotrac.com/mlb/new-york-mets/

• dmix 7y ago
  That doesn’t show the interest rates. But based on that it also looks like he got 5x yrs of $500k from the Orioles also starting in 2011. I’m guessing he signed a similar deal with them since he stopped playing in 2000… This man makes smart financial decisions.
  • the_watcher 7y ago
    Part of a subsequent deal (or related deal, don't remember the details) involved trading him to the Orioles, who became responsible for a portion of his salary, which they then deferred. It's part of the same original contract though, IIRC. And I know it doesn't show the interest rates, but it does show that the payments he will receive from the Mets total roughly $30M, which is what the article reported.
  • astura 7y ago
    The key to making smart financial decisions for MLB players is having an excellent agent. Bonilla's agent was Dennis Gilbert, who was previously involved in the life insurance industry.