Everything Everywhere Daily · Tuesday, June 30, 2026
July 1st marks Bobby Bonilla Day, a day often mocked as a symbol of front office incompetence due to his deferred payment contract with the New York Mets. However, the contract was a calculated financial maneuver, not a typical blunder. Bobby Bonilla will receive payments until 2035, totaling over $42 million from deferred salary and interest.
“Every July 1st, retired Major League baseball player Bobby Bonilla receives a direct deposit from the New York Mets, despite not having played for the franchise for over a quarter century.”
“Universally mocking it as the ultimate symbol of front office incompetence. However, that's not quite true. The contract wasn't a classic Mets blunder. It was a highly calculated financial maneuver backed by standard accounting logic.”
“And all is said and done, Bobby Bonilla will have earned more than $42 million from deferred contract payments and accrued interest on about just $12 million in base salary.”