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

Post Share

Sources

Showing 1 of 2 sources

YahooMostly Factual65d 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.

Read full article →

Coverage Timeline

First report: Yahoo · 1 Jul, 13:36|Full coverage: 2 · 4h|Window: 4h

Left-leaningCenterRight-leaning

Yahoo1 Jul, 13:36First to report

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

4h later

forbes1 Jul, 17:25Latest update

Bobby Bonilla Day: Mets' Deferred Compensation Deal Explained

Sources

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

Related Stories

FBI Adds German National to Most Wanted List Over Alleged $26 Million Fraud Scheme

UN Endorses New World Map Correcting Africa’s Distorted Size

U.S. Approves $5 Billion Precision Bomb Sale to Saudi Arabia

Israeli Strikes Kill Three in Lebanon After Reported Hezbollah Drone Attack