Bobby Bonilla is trending. That contract is still the best.
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In 2000, the Mets owed Bobby Bonilla $5.9 million who had just come off a year in which he produced only four home runs and 18 RBI’s. Both sides wanted to end the relationship. He and his agents asked the Mets to pay him nothing for 11 years, and then to pay him $1.19 million a year between 2011 and 2035.
Mets’ owner, Fred Wilpon, was invested with Bernie Madoff at the time, and he thought he could make more money investing that $5.9 million than he would end up paying out to Bonilla. That turned out to be an epic failure.
Madoff’s hedge fund collapsed in 2008 after it was revealed that it was a massive Ponzi scheme.
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