It’s July 1st which means the entire sports world puts its focus on Bobby Bonilla and the $1.2 million paycheck he’ll receive from the New York Mets. This attention, despite being commonplaces all throughout sports, revolves around the fact that Bonilla has millions of deferred dollars coming his way each and every year even though he hasn’t played a game for the Mets in more than two decades now.
Bonilla just happens to be the guy who represents this financial strategy sports franchises deploy in order to save a few bucks in the present. Will it be coming to an end soon? If the social media tease the Mets gave us on Wednesday evening was any indication, maybe!
What could the Mets mean by this Bobby Bonilla tweet?
My first assumption is that a buyout is coming. Steve Cohen is now in charge and buying Bonilla out of this deal would be one way to wave his billions in the face of The Wilpons.
The short history of Bobby Bonilla Day: the Wilpons were hoodwinked into making this deal with Bonilla many years ago believing they would come away much richer because of their involvement with investments tied to Bernie Madoff.
You don’t need to know much about investing to realize this was a terrible, terrible mistake.
Instead of getting rich and looking wise, the Wilpons took one on the chin in this deal and have done so for many years. Even if it actually wasn’t such a poor decision when you break down the numbers, it’s a laughable moment many use against the Mets even though their favorite franchise has probably done this, too.
But back to the tweet. Is a potential end to Bobby Bonilla Day coming?
Cohen has had a lot of fun during his brief time as Mets owner. Another option, aside from ending the holiday altogether, would be a celebration of it. A tongue-in-cheek take on the situation the former owners put themselves in could be one way the current regime has some fun with it. I wouldn’t be surprised to learn from Cohen that Bonilla has been “hired” as a special assistant or there are plans for an upcoming Citi Field appearance.
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Whatever happens, Bonilla will forever be known for one thing above anything else in the baseball world: the man throws the best $1.2 million Fourth of July parties every year.
Update: The announcement has been made. Color me underwhelmed.