Dean Steinman

Jets Season Tix since 1977. Go Jets, Go Mets, Go Knicks, Go Terps. I am a top digital & social media marketer.. follow me @PresMult

[Dean Steinman @DeanJets12]

Omg the best #knicks game everrrr

[Super 70s Sports @Super70sSports]

Every time Duke loses, an angel gets his wings.

[Dean Steinman @DeanJets12]

RIP Bobby

[Dean Steinman @DeanJets12]

@wordstionary Entre

[Peter McConeghy @petersthoughts]

🚨 Celebrating Bobby Bonilla Day with a Deep Dive into His Unique Contract! 🚨

Today, July 1, 2025, marks the 15th annual "Bobby Bonilla Day," a quirky milestone in baseball history when former New York Mets player Bobby Bonilla receives his yearly deferred payment from the team. This year, Bonilla will collect his 15th installment of **$1,193,248.20**, a sum that has become a legendary talking point among baseball fans and financial enthusiasts alike.

The story behind this payment stems from a financial decision made by the Mets in 2000. Rather than paying Bonilla the **$5.9 million** he was owed for the 2000 season outright, the Mets and Bonilla's representatives negotiated a deferred payment plan. The Mets bought out his contract, agreeing to pay him **$1,193,248.20 annually** starting on July 1, 2011, and continuing through July 1, 2035. This arrangement was struck with an **8% interest rate**, significantly inflating the total payout over time. As a result, the Mets committed to paying Bonilla a staggering **$29,831,205** over 25 years for a season he never played for the team.

To date, the Mets have paid Bonilla **$17,898,723** through these annual installments, covering the payments from 2011 to 2025. With **10 years remaining** on the deal, the Mets still owe Bonilla **$11,932,482** (10 payments of $1,193,248.20) through 2035, when Bonilla will be 72 years old. This deferred payment structure, while initially intended to free up cash for the Mets in the early 2000s, has become a symbol of one of the most unusual contracts in sports history, often cited as a cautionary tale in sports finance.

The Mets' decision was influenced by their investments with Bernie Madoff, whose Ponzi scheme later collapsed. At the time, the team believed their high returns from Madoff's investments would easily cover the deferred payments. Unfortunately, the scheme's unraveling left the Mets on the hook for the full amount without the anticipated financial cushion.

Bobby Bonilla, a six-time All-Star who played for the Mets from 1992–1994 and again in 1999, benefits from this deal each July 1, sparking annual discussions about creative contract structuring. So, happy Bobby Bonilla Day—a reminder that sometimes, the most memorable moments in sports happen off the field!

[Dean Steinman @DeanJets12]

Llo

[Jason Klein @ByJasonKlein]

I just want my football team to score points, win games, hire a respected coach & GM, find a QB, be sold, play in a climate-controlled stadium, break the curse, stop being a punchline, hoist a Lombardi & not make decisions based on Madden ratings. Too big of an ask? #Jets #JetUp

[Dean Steinman @DeanJets12]

Who’slistening to The #GratefulDead tonight.. and if so what song are you listening to now!
I pick …

#gratefuldead

[Dean Steinman @DeanJets12]

@NYJetsTFMedia Roger Vick

[Dean Steinman @DeanJets12]

@NYJAfterburners @RealJoeNamath Joe Willie !! Happy happy birthday

[Dean Steinman @DeanJets12]

@nyjetshistory @nyjets I was at that game .. a
Al Toon game winner!!

[Circa Las Vegas @CircaLasVegas]

J-E-T-S 🗣️
JETS 🗣️
JETS 🗣️
JETS 🗣️

#CircaLasVegas @nyjets

[Woody Johnson @woodyjohnson4]

MetLife Stadium is the place to be on Monday night.

[Dean Steinman @DeanJets12]

Ugh are you serious ? #mets

[Dean Steinman @DeanJets12]

It’s #DraftDay baby! Let’s go #NYJets

[Lee O. Valentin @leeovalentin]

We’ve come a long way, man #TakeFlight #Jets

[Dean Steinman @DeanJets12]

Who is the next jets qb? #jets #nyjets

[Dean Steinman @DeanJets12]

@MadScientistFF 231

[Dean Steinman @DeanJets12]

@sigg20 Best round ever!!!

[Dean Steinman @DeanJets12]

It’s amazing how the optimism just vanished completely for the @nyjets