(KGTV) — You may have heard that former baseball player Bobby Bonilla gets a million dollars a year from the New York Mets, even though he's been retired since 2001.
It's true. July 1 is the day Bonilla gets paid each year.
In 2000, the Mets agreed to buy out the rest of Bonilla's $5.9 million contract. But instead of paying it at the time, they agreed to make annual payments of $1.1 million for 25 years, starting in 2011.
And why did the Mets push for that deferment? They wanted to invest the money with the late disgraced financier Bernie Madoff.