iStock/Thinkstock(NEW YORK) — It’s that time again. Bobby Bonilla receives his annual Mets payout Friday.
Each year on July 1, from now until 2035, the former Major League Baseball player collects a check for $1,193,248.20 from the New York Mets.
The money is part of a deferred buyout deal — paid over 25 installments — that the team agreed to after the 1999 season. Bonilla was owed $5.9 million, but instead of simply footing the bill, the Mets agreed to a delayed annual payment plan that went into effect in 2011.
July 1, 2016, marks the sixth payment, with 19 remaining. In total, the Mets will pay Bonilla $29.8 million in the yearly payments.
Bonilla — who hasn’t played in the major leagues since 2001 — will earn more money from the Mets this season than 13 players currently on the team’s active roster, according to salary data.
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