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He hasn't played in MLB in nearly two decades. One team is paying him $1.2 million a year until 2035

July 1, 2020. Summarized by summa-bot.

It's July 1, which is also known as Bobby Bonilla Day. The former slugger retired in 2001 with the St. Louis Cardinals, but he has been collecting a check of nearly $1.2 million every year from the New York Mets on July 1 for the last two decades.

It's July 1, which for New York Mets fans means it's Bobby Bonilla Day. The former slugger retired in 2001 with the St. Louis Cardinals, but he has been collecting a check of nearly $1. 2 million from the Mets every year on July 1 for almost a decade.

The deal is part of a contract negotiated by Bonilla's agent Dennis Gilbert, which will pay Bonilla $1,193,248. 20 every year until 2035.

Bonilla, a former All-Star who last played with the Mets in 1999, will be 72 when his contract with the team expires.

They can both thank disgraced financier Bernie Madoff and Mets owner Fred Wilpon.

The Mets wanted to part ways with Bonilla in 1999 but he had $6 million left on his contract.

Wilpon believed he was getting a huge return on his investments through Madoff but the Mets owner turned out to be a victim of Madoff's infamous Ponzi scheme

Instead of paying Bonilla outright, Wilpon opted to defer payments so that the money could be unwittingly invested into Madoff's Ponzi scheme.

Madoff was the mastermind of the most notorious Ponzi scheme in history.

Madoff is serving 150 years in prison for the multibillion-dollar scheme that he ran for decades.

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