roadrunner

Today, the New York Mets will pay Bobby Bonilla another installment of $1,193,248.20.

Every July 1, from 2011 to 2035, the Mets make the payment as part of deferring the $5.9 million the Mets owed him from the 2000 season, a year in which he didn't play for the team, because they released him in January. As noted last year, Bonilla's agent worked out a deal that deferred payment (with an 8 percent annual interest rate).

With seven payments now in, Bonil...

With seven payments now in, Bonilla has now collected $8,352,737.40. There are 18 more payments due to Bonilla through 2035. When all the payments are made, Bonilla will have turned that $5.9 million into $29.8 million.

If he would've gotten the $5 million up front and invested it in a conservative 8% investment fund, he would've had $45 million after 25 years. But these athletes usually blow the $$ on sports cars and mansions for 40 of their relatives/mates.