In the sports world, July 1 is known as the bobby bonilla daybecause on this date the New York Mets pay the amount of $1,193,248.20 in deferred payments until 2035, as part of the most infamous deferred payment contract in the history of American professional sports, which made Bonilla collect until he was 72 years old .
Robert Bonilla who undoubtedly won in this kind of deal, is still making money, as now the rider to his contract, the deferred compensation agreement, has been sold through the Goldin collectibles market for $180,000, including the buyer’s premium.
In addition to the contract, the winner of the auction will receive 30-minute Zoom calls with Bonilla and, separately, with Dennis Gilbert, the agent who negotiated Bonilla’s deferment agreement. He also gets a signed baseball, a used in-game bat from Bonilla’s personal collection, and a Bobby Bonilla 1-for-1 NFT contract. On top of all that, the winner will spend a day with Bonilla in New York, including breakfast. , a trip to Citi Field to watch batting practice and the Mets game and dinner.
As of 9:30 pm Saturday, Bonilla’s contract lot was $22,800. In the next 50 minutes and 15 bids later, the auction reached six figures.
The contract has been in Gilbert’s possession since signing. The lot includes a letter of provenance from Gilbert and a letter of authenticity from Beckett Authentication.
Remember that Bonilla became famous when in 2000, the Mets agreed to buy out the remaining $5.9 million on his contract. Instead of paying him the $5.9 million at the time, however, the Mets agreed to make annual payments of nearly $1.2 million over 25 years beginning July 1, 2011, including 8% negotiated interest.
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Bobby Bonilla continues to make money, they auction their contract!