Bobby Bonilla Day – $1.2M Every July 1 — Explained ⚾💸 - video Dailymotion

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Bobby Bonilla Day – $1.2M Every July 1 — Explained ⚾💸 http://newsplusglobe.com/ Description: Every July 1, ex-MLB star Bobby Bonilla receives $1.19 million from the Mets—despite retiring in 2001. His agent’s genius deferral deal turns a $5.9M payout into nearly $30M over 25 years. But with inflation, that paycheck’s worth is falling fast. Discover the story—and the lesson—in 60 seconds.  Hashtags: #BobbyBonillaDay #MLBLegend #Mets #DeferredPayment #FinanceLessons #BaseballHistory #NewsPlusGlobe #SportsFinance #July1Payday

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00:00Meet the most lucrative non-job in sports, Bobby Bonilla Day.

00:04Every July 1st, the Mets pay the XMLB, star $1,193,248.20, even though he retired in 2001.

00:17Back in 2000, Bonilla's agent, Dennis Gilbert, negotiated deferral of a $5.9 million buyout,

00:24spreading it over 25 years with 8 interest, totaling nearly $30 million by 2035.

00:31But it's not all windfall.

00:33Rising inflation means each fixed payment is now worth one-third less in purchasing power,

00:39and could have by 2035.

00:41What started as financial engineering has turned into a fan tradition.

00:45Mets owner Steve Cohen has even teased celebrating the day at Citi Field.

00:50Bobby Bonilla Day isn't just a quirky holiday.

00:54It's a cautionary tale about contracts, reality versus returns, and financial foresight.

01:01Stay tuned for more deep dives from News Plus Globe.

Bobby Bonilla Day – $1.2M Every July 1 — Explained ⚾💸

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