Jul 1, 2011

The 4th Highest Paid Mets Outfielder Of 2011

Bobby Bonilla
New York Mets (1992 - 1995, 1999)
Starting today, the New York Mets will pay six time All-Star Bobby Bonilla $1.19 million dollars every year on this date for the next 25 years.  That's enough to make him the 4th highest paid outfielder and the 12th highest paid player on the Mets payroll this season.

The Mets owed Bonilla $5.9 millions dollars for the 2000 season, but they ended up releasing him before Spring Training.  As part of the terms of his release, Bonilla's contract was restructured to defer his payments until 2011 with interest that compounds at an 8% annual rate.  He ended up finishing the last two years of his career playing for the Atlanta Braves and St. Louis Cardinals before retiring at the end of the 2011 season..

When it's all said and done, he will have earned $29,831,205 from 2011 to 2035 for the money the Mets owed him for the 2000 season.  Not too shabby for a guy who didn't play a single game for the Mets that year.