After the trade to Baltimore, he returned to the Mets in 1999, was released after the year, but still was owed $5.9 million in 2000. The Mets, wanting to free up cash, and believing they could easily finance the payments with investments they made with Bernie Madoff, negotiated a deal that would defer Bonilla’s payments at an 8% interest rate beginning in 2011.
It was a stroke of genius for Dennis Gilbert and Bonilla. Bonnilla will receive $1.19 Million per year until 2035 when he will be 72 years old.
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