Bonilla was born in New York City on April 9, 1963. Prior to his graduation from high school in the early 1980s, he spent his high school years participating in baseball.
After graduating from high school, he was not selected in the 1981 Major League Baseball draught, which encouraged him to enrol at the New York Institute of Technology to pursue a degree in computer science. After only one semester, the Pittsburgh Pirates took notice of him and signed him to their farm system.
Bobby Bonilla Net Worth
Bobby Bonilla is a former baseball player in the United States who amassed a net worth of $20 million before retiring. Bonilla became well-known for his playing career in Major League Baseball (MLB), which he pursued between the years 1986 and 2001 for a number of different organisations.
Bobby amassed a batting average of.279, an on-base percentage of.358 and a slugging percentage of.472 during the course of his career, which spanned 16 years. His victory in the World Series with the Florida Marlins in 1997 is likely to be remembered as the high point of his career.
Additionally, during the 1990 season, he led the league in extra-base hits, and the next season, in 1991, he led the league in doubles. In addition to that, Bonilla played in a total of six Major League Baseball All-Star Games and was the recipient of three Silver Slugger Awards.
Bobby Bonilla Success
In 1985, Bobby’s professional future was in jeopardy after he injured his right leg while training. However, a year later, the Chicago White Sox drafted him, and he made his major league debut soon after.
in the year, the Pirates re-acquired him after realising his potential. A series of blunders saw Bonilla shift to right field from third base, where he had started. Bobby helped lead the Pirates to a lot of NL East Division championships by combining with talents like Barry Bonds and Andy Van Slyke.
A handful of Silver Slugger Awards and league-leading statistics made him one of the league’s best hitters during this period.
Early in his career in the 1990s, Bobby was a free agent and signed with the Mets, where he quickly rose to the status of the highest-paid player in baseball. For a 5-year period, he was paid $29 million, which is nearly $55 million in today’s dollars. After signing with the Mets, Bonilla’s numbers plummeted, indicating that his big salary did not correspond to his excellent work. Before returning to the New York Mets in 1998, Bobby spent many seasons with the Baltimore Orioles, Florida Marlins, and Los Angeles Dodgers.
His final time with the Mets was, once again, marred by disappointment, and he was subjected to intense scrutiny from the public and the press.
After some time, it appeared as though Bonilla had lost interest in the game; an example of this can be seen in 1999, when the Mets were defeated by the Braves, and Bonilla remained in the clubhouse to play cards with Rickey Henderson. At this point, he put his signature on the renowned contract. The Mets still owed him $5.9 million on his contract, but they came to an agreement with him to defer the payment in exchange for annual instalments that would continue until 2035.
After that, Bonilla finished his career playing for the St. Louis Cardinals and the Atlanta Braves, despite the fact that it was obvious by this time in his career that he was no longer capable of achieving the same level of success as he had earlier in his career. He announced his official retirement from baseball in 2001, citing injuries and decreased playing time as his reasons.
Bobby Bonilla Career Earnings
After playing professionally for seven different teams over the course of 15 years, Bonilla raked in a total of $52 million in pay. Because to the contract he signed with the New York Mets in 1992, he became the highest paid player in all of major league baseball and one of the most paid athletes in the world.
Bonilla called it quits in the sport in 2001, but his final contract with the Mets famously guarantees him to an annual salary of approximately $1.2 million beginning in 2011 and continuing until 2035.
This deal is set to expire in 2035. In addition, as part of the agreement he made with the Mets in 1994, he is entitled to a total of $1.45 million, of which he will earn $250,000 year. Despite the fact that he hasn’t played professionally since 2001, due to the terms of this deal, he is still one of the greatest earners on the Mets payroll.
His Famous Contracts
Even though Bonilla hasn’t played professionally since 2001, the New York Mets are still going to pay him close to $1.2 million each year until 2035, which may come as a surprise to you. The contract runs through 2035. In terms of its monetary value, $1,193,248. What are the odds of that happening?
In 2001, Bonilla was a seasoned veteran who was nearing the end of his career and had $5.9 million left on his contract. The Mets were aware that it would not be difficult to clear a roster place by releasing him from his contract. At the same time, Bonilla was concerned that his family would not be able to support themselves on $5.9 million after taxes and fees, so he made a proposal to the management of the Mets.
Bonilla and his agent made the suggestion that rather than paying him $5.9 million in 2001, they should pay him $29.8 million over a period of 28 years beginning in 2011. That works up to an annual salary of $1.2 million for the next 25 years, beginning when Bonilla was 47 years old and had long since retired from baseball. In 2035, on the occasion of his 72nd birthday, Bobby will be given the final payout of $1.2 million.
Bobby did not actually sign his first spaced-out contract with the Mets during this particular season. Back in 1994, the Mets came to an agreement with him whereby they would pay him half of the $6 million that they owed him for the 1994 to 1995 season, which was around $3 million, in $250,000 annual instalments beginning in 2003.
Therefore, if we are to be completely accurate, the Mets actually pay him closer to $1.4 million each year.
Opinions among supporters are divided about whether or not this was a smart move. There are those who think that the Mets did the right move by agreeing to this trade, while there are others who think that Bobby ended up getting the best bargain out of the two of them. In either case, it is an important event in the history of baseball as well as an interesting bit of trivia, and many diehard fans now refer to the day that Bobby received his paycheck on July 1 as “Bobby Bonilla Day.”
It was reported in the year 2020 that Bobby Bonilla was still among the highest-paid players on the Mets payroll, despite the fact that he had not played a single inning for the team since the year 1999.
Up until the year 2035, he is scheduled to keep getting these payments. It is impossible to fathom how this could be be a poor bargain for Bonilla, especially when one considers the fact that Bobby is entitled to an additional annual payment of $250,000 as a result of a contract that was signed in the year 1994.
Because he choose to collect his compensation in instalments rather than all at once, it is estimated by industry professionals that he will end up receiving around twice as much as the initial contract sum of 12.5 million dollars.
Bobby Bonilla Property
It was stated that Bobby Bonilla had purchased property in the Round Hill Historic District located in the north-eastern portion of Greenwich, Connecticut, around the year 1992. After spending over two million dollars on the land, he proceeded to construct a home on it. After that, in 2010, he made an offer of $7.5 million for the property, but in 2011, he was obliged to accept an offer that was far lower, at $5 million.