Bobby Bonilla's deferred payment contract addendum was auctioned off Saturday night. The winner also received a plethora of other prizes along with the memorabilia prize.
But the most famous part of his career is the contract agreement he made with thein which he receives a deferred payment of $1,193,248.20 on July 1 each year through 2035.
Outfielder Bobby Bonilla of the New York Mets in action during a spring training game against the Montreal Expos in Port St. Lucie, Florida. The winner of the auction, who wasn’t revealed, will also receive a few other prizes as well, including a chance to spend the day with Bonilla, get breakfast with him, watch a Mets game and have dinner with him. The winner also receives a 30-minue Zoom call with Bonilla and Gilbert, who brokered the deal, a signed baseball from Bonilla’s collection, a game-used Bonilla bat and a 1/1 Bobby Bonilla contract NFT.
Toward the end of his final stint with the Mets, the two parties agreed on a contract buyout in 2000. New York still owed the slugger $5.9 million and agreed to pay him $1.1 million in annual installments from 2011 until 2035.about $1.19 million every year on July 1. Bonilla, who hasn’t played in the major leagues since the 2001 season, will keep earning money from the Mets until he’s 72 years old.
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