Do we celebrate Bobby Bonilla day?

[Rocket Scientist]

Kevin Garnett
Two sources told NBA.com that the Celtics forward will still have $35 million coming after he retires. He'll be due $5 million annually for seven years, the result of deferred salary Garnett and agent Andy Miller got in each of his past two contract extensions. Whatever portion is due from this season might be affected by games lost to the lockout, but it's not as if Garnett's financial spigot gets turned off next spring. (Source: NBA.com)

Ken Griffey Jr.
When the Reds traded for Griffey and signed him to a nine-year, $116.5 million contract in February 2000, the star outfielder agreed to defer more than half the total value ($57.5 million) so the small-market club could stay competitive financially. The money will be paid out well into Griffey's 50s, when Junior is no longer a junior. (Source: Reds Enquirer)

Ichiro Suzuki
The Mariners will be paying their franchise icon until 2032 as part of a $90 million extension he signed in 2007. Once he retires, Ichiro will be paid in installments until at least 2032 or whenever the money runs out. (Source: ESPN)

Ryan Zimmerman
The Nats' third baseman agreed to a long-term contract worth up to $132 million if the club picks up his $18 million option. The Nationals also will pay Zimmerman $10 million over five years after he's retired to continue working for the organization. (Source: Nats Insider)

Gary Sheffield
The Tigers owe the retired outfielder between $1 million and $2.5 million annually until 2019, stemming from a deal he signed in 2006. (Source: MLB Trade Rumors)

These athletes are least likely to go broke.

 

[LurkMoar]

why aren't these inner city kids tryna play baseball?


Black kids need to throw football and basketball to the bushes


They payin dudes well into their retirement outchea

 

[dennis roadman]

bobby can just burn through a mil a year and come back like

 

[Higher Tech]

deferred payment is fairly popular anymore on big deals. boston owes manny 32 million over the next 16 years


2011 — $1,968,677 2019 — $2,008,397

2012 — $1,973,599 2020 — $2,013,418

2013 — $1,978,533 2021 — $2,018,452

2014 — $1,983,479 2022 — $2,023,498

2015 — $1,988,438 2023 — $2,028,557

2016 — $1,993,409 2024 — $2,033,628

2017 — $1,998,393 2025 — $2,038,712

2018 — $2,003,389 2026 — $2,043,809

Kevin Garnett
Two sources told NBA.com that the Celtics forward will still have $35 million coming after he retires. He'll be due $5 million annually for seven years, the result of deferred salary Garnett and agent Andy Miller got in each of his past two contract extensions. Whatever portion is due from this season might be affected by games lost to the lockout, but it's not as if Garnett's financial spigot gets turned off next spring. (Source: NBA.com)

Ken Griffey Jr.
When the Reds traded for Griffey and signed him to a nine-year, $116.5 million contract in February 2000, the star outfielder agreed to defer more than half the total value ($57.5 million) so the small-market club could stay competitive financially. The money will be paid out well into Griffey's 50s, when Junior is no longer a junior. (Source: Reds Enquirer)

Ichiro Suzuki
The Mariners will be paying their franchise icon until 2032 as part of a $90 million extension he signed in 2007. Once he retires, Ichiro will be paid in installments until at least 2032 or whenever the money runs out. (Source: ESPN)

Ryan Zimmerman
The Nats' third baseman agreed to a long-term contract worth up to $132 million if the club picks up his $18 million option. The Nationals also will pay Zimmerman $10 million over five years after he's retired to continue working for the organization. (Source: Nats Insider)

Gary Sheffield
The Tigers owe the retired outfielder between $1 million and $2.5 million annually until 2019, stemming from a deal he signed in 2006. (Source: MLB Trade Rumors)

Never knew it was a thing. Was Bobby the first? Or did he just go with the flow?

 

[concise]

Every July 1, this dude gets 1.1 million bucks from the Mets, and he hasn't touched a beisball in 20 years.



unless you're a mets fan, then I guess it kinda sucks...

But still props to him for seeing the bigger picture.

1999 is not 20 years ago

 

[Higher Tech]

1999 is not 20 years ago

Yea I noticed that after I read the article. I thought he was done in 95. I haven't watched beisball in at least 10 years. My bad.

 

[chuckifubuck]

Imagine if Gil had taken deffered payment on that big ass contract the wizards gave him

 

[FaTaL]

didnt madoff negotiate that deal?

 

[MenacingMonk]

How do players get these deferred contracts?

 

[MidwestD]

Bobby was a straight G about it.

Nobody could really pull his card and say he was showin out for the camera. He always seemed like he was ready to throw down. He probably had the Mets shook and came up with the deal himself.

Bobby: I want deferred payments with interest for decades after my retirement.

Mets owners: .....................

Bobby:

 

[FaTaL]

How do players get these deferred contracts?

most teams cant afford these type of deals so they accept the deferred contracts. i know the giants owed barry bonds over 25 mil after he retired

 

[Amare's Right Hook]

play for the Mets breh

 

[concise]

didnt madoff negotiate that deal?

Not sure if he negotiated it himself, but he was the reason they signed it:


http://www.the-coli.com/3311327-post40.html

 

[jfkennedy]

Yea I noticed that after I read the article. I thought he was done in 95. I haven't watched beisball in at least 10 years. My bad.

Nah, he retired in '01 with the best MLB franchise. Got hurt which provided a roster spot for Pujols.

 

[Trip]

make your move....pahtna