00:00Meet the most lucrative non-job in sports, Bobby Bonilla Day.
00:04Every July 1st, the Mets pay the XMLB, star $1,193,248.20, even though he retired in 2001.
00:17Back in 2000, Bonilla's agent, Dennis Gilbert, negotiated deferral of a $5.9 million buyout,
00:24spreading it over 25 years with 8 interest, totaling nearly $30 million by 2035.
00:31But it's not all windfall.
00:33Rising inflation means each fixed payment is now worth one-third less in purchasing power,
00:39and could have by 2035.
00:41What started as financial engineering has turned into a fan tradition.
00:45Mets owner Steve Cohen has even teased celebrating the day at Citi Field.
00:50Bobby Bonilla Day isn't just a quirky holiday.
00:54It's a cautionary tale about contracts, reality versus returns, and financial foresight.
01:01Stay tuned for more deep dives from News Plus Globe.
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