Bobby Bonilla is a former MLB third baseman and outfielder who played from 1986 to 2001. While he had a productive career with teams like the Pirates and Mets, he is most famously known for his deferred compensation agreement with the New York Mets. In 2000, the Mets agreed to pay Bonilla nearly $1.2 million every July 1st from 2011 to 2035, totaling almost $30 million, instead of paying him the $5.9 million they owed him. This decision has become a symbol of questionable financial decisions in sports, and "Bobby Bonilla Day" on July 1st is widely recognized, often with humorous commentary.
On February 23, 1963, Roberto Martin Antonio Bonilla, later known as Bobby Bonilla, was born. He would go on to become a professional baseball player.
In 1981, Bobby Bonilla graduated from Herbert H. Lehman High School in the Bronx.
In 1984, Bobby Bonilla began playing with the Mayagüez Indians of the Puerto Rican Winter League, continuing until 1988.
During spring training in 1985, Bobby Bonilla broke his right leg, halting his rise through the Pirates' farm system. The Chicago White Sox then acquired him through the Rule 5 draft during the 1985–86 offseason.
From 1986, Bobby Bonilla had a .284 batting average, with 868 hits, 191 doubles, 114 home runs, and 500 runs batted in (RBIs), beginning a successful period through 1991.
In 1986, Bobby Bonilla made his major league debut with the Chicago White Sox and was later reacquired by the Pittsburgh Pirates in exchange for pitcher José DeLeón.
In 1987, Bobby Bonilla became the Pirates' starting third baseman.
In 1988, Bobby Bonilla finished his time playing with the Mayagüez Indians of the Puerto Rican Winter League, having started in 1984.
During the 1990 MLB season, Bobby Bonilla led the league with 78 extra base hits. He was also a top candidate for the National League's Most Valuable Player award during this time with the Pirates.
In 1990, Bobby Bonilla helped propel the Pittsburgh Pirates to two of their three straight National League East Division titles, continuing through 1992.
On October 28, 1991, Bobby Bonilla became a free agent.
On December 2, 1991, Bobby Bonilla signed a five-year, $29 million contract with the New York Mets.
During the 1991 MLB season, Bobby Bonilla led the league with 44 doubles. He was also a top candidate for the National League's Most Valuable Player award during this time with the Pirates.
In February 1992, Bobby Bonilla and his wife Millie started the Bobby and Millie Bonilla Public School Fund with $35,000, contributing $500 for every run he batted in for the Mets.
In 1992, Bobby Bonilla helped propel the Pittsburgh Pirates to two of their three straight National League East Division titles, having started in 1990.
In 1992, Bobby Bonilla received $6.1 million, a record for a single season, and became the highest-paid player in the National League, holding that title until 1994.
In 1993, Bobby Bonilla hit a career-high 34 home runs.
From 1992 to 1994, Bobby Bonilla was the highest-paid player in the National League.
On July 28, 1995, Bobby Bonilla was traded to the Baltimore Orioles from the Mets in exchange for Damon Buford and Alex Ochoa.
In 1995, Bobby Bonilla participated in another All-Star Game during his tenure with the New York Mets.
In 1995, Bobby Bonilla played with the Baltimore Orioles.
Following the 1996 season, Bobby Bonilla was granted free agency and signed with the Florida Marlins.
In 1996, Bobby Bonilla helped the Baltimore Orioles reach the American League Championship Series.
In 1997, Bobby Bonilla had his highest batting average (.255) since the 1997 season, playing for the Braves.
On May 14, 1998, Bobby Bonilla, along with other players, was traded from the Florida Marlins to the Los Angeles Dodgers in exchange for Mike Piazza and Todd Zeile.
In November 1998, Bobby Bonilla was reacquired by the New York Mets from the Los Angeles Dodgers in exchange for Mel Rojas.
In 1998, Bobby Bonilla returned to the Florida Marlins and batted .278 through 28 games.
In 1999, after a subpar season, the Mets and Bobby Bonilla agreed to a deferred payment plan where Bonilla would receive annual payments of just over $1.19 million from 2011 to 2035.
In 1999, during the sixth game of the NLCS, Bobby Bonilla was caught playing cards with teammate Rickey Henderson in the clubhouse while the Mets were being eliminated by the Braves.
In 1999, when the Mets wanted to release Bobby Bonilla, he negotiated a settlement. The Mets would pay him $1.19 million every July 1 from 2011 to 2035.
In 2000, Bobby Bonilla played for the Atlanta Braves, achieving his highest batting average since 1997.
On October 7, 2001, Bobby Bonilla played his final game and retired after the season due to injuries and reduced playing time.
At the end of the 2001 season, Bobby Bonilla retired from Major League Baseball after playing with the Atlanta Braves and St. Louis Cardinals.
In 2004, Bobby Bonilla began receiving payments of $500,000 per year from the Baltimore Orioles due to a deferred contract agreement that would last until 2028.
In 2004, Bobby Bonilla initiated a second deferred-contract plan with the Mets and Baltimore Orioles that pays him $500,000 a year for 25 years.
In 2008, the Bobby Bonilla deferred payment plan became a subject of inquiry during the Bernie Madoff investment scandal investigation.
In 2009, Bobby Bonilla and his wife Migdalia, known as Millie, divorced after having two children together.
In 2011, Bobby Bonilla began receiving annual payments of just over $1.19 million on July 1 from the Mets due to the deferred payment plan, a date that has become known as "Bobby Bonilla Day".
In 2011, Bobby Bonilla received the first payment of $1.19 million from the New York Mets as part of a deferred payment agreement, which has become known as "Bobby Bonilla Day".
In 2028, Bobby Bonilla's deferred contract payments of $500,000 per year from the Baltimore Orioles are scheduled to end.
In 2035, Bobby Bonilla's deferred payments from the Mets are scheduled to end, completing the controversial financial arrangement.
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