How does Bobby Bonillas annual payment compare to the salaries of young players in MLB?
Bobby Bonilla, a former MLB All-Star, is best known for his unique contract with the New York Mets. In 1999, the Mets traded Bonilla to the Florida Marlins, but as part of the deal, Bonilla was still owed $5.9 million. Instead of paying him in a lump sum, the Mets opted to defer the payment, agreeing to pay him $1.19 million annually for the next 25 years, starting in 2011.
Fast forward to 2023, Bonilla is still collecting his annual payment of $1.19 million, while the salaries of young players in MLB have skyrocketed. For example, the average salary for a rookie is now over $700,000, and some top prospects are signing contracts worth millions of dollars.
So, how does Bonilla's annual payment compare to the salaries of young players in MLB? Well, it's actually quite a bit more. Bonilla's annual payment is more than double the average salary for a rookie, and it's even more than the salaries of some of the top prospects in the league.
This comparison highlights the vast disparity in salaries between veteran players and young players in MLB. While young players are now earning more than ever before, veteran players like Bonilla are still collecting large sums of money, even after they've retired.
Related Questions:
- How much money has Bobby Bonilla received from the Mets since he retired?
- What is the average salary for a rookie in MLB?
- Why did the Mets defer Bonilla's payment?
- How long will Bonilla continue to receive annual payments from the Mets?
- What is the total amount that Bonilla will receive from the Mets over the course of his 25-year payment plan?
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