It’s July 1, which means it is officially Bobby Bonilla Day! The former MLB star is the ultimate King of Finesse, signing the most player-friendly contract we can remember in professional sports. Under his deal with the New York Mets, Bobby Bonilla has been paid more than $1 million — $1,193,248.20 — every July 1 from 2011-2035.
You can’t beat that.
Every time the month of July rings in, we are reminded of the ridiculous contract and the memes and jokes start flying around on social media.
If you’re looking for some of the best Bobby Bonilla Day memes, jokes, and images, you’ve come to the right place.
How Does The Deal Work?
ESPN perfectly laid out how Bonilla was able to secure such a good deal for himself.
Deferred-money deals have been going on for a long time, but the Mets did more of them than most. The first deferred-money deal we know about is Darryl Strawberry’s 1985 contract, in which the Mets deferred 40 percent of his 1990 $1.8 million team option ($700,000) at a 5.1 percent interest rate. The deal, which pays out $1.64 million from 2004 to 2033, was obtained through a life insurance company.
Bonilla’s agent, Dennis Gilbert, was an insurance agent at the same time he developed into a superagent (Gilbert’s clients included Bonilla, Barry Bonds, Jose Canseco and Danny Tartabull), so he was more uniquely prepared to understand annuity-type payouts than other agents.
Bobby Bonilla Day Memes
Throughout his MLB career — which spanned from 1986 through 2001 — Bonilla was a World Series champion, six-time All-Star, and three-time Silver Slugger Award winner. He has played for the Chicago White Sox, Pittsburgh Pirates, New York Mets, Baltimore Orioles, Florida Marlins, Los Angeles Dodgers, New York Mets, Atlanta Braves, and St. Louis Cardinals.