Connect with us

Published

on

The calendar has turned to July 1, and that means one thing: It’s time for Mets fans everywhere to wish each other a Happy Bobby Bonilla Day! Why? On Monday, 61-year-old Bobby Bonilla will collect a check for $1,193,248.20 from the New York Mets, as he has and will every July 1 from 2011 through 2035.

Because of baseball’s salary structure, Bonilla’s annual payday is often more than some of the game’s current young stars will make in a given year.

But the Mets are not alone in the practice of handing out deferred payments to star players long after they last suited up for the team, with past MVPs and Cy Young winners among the notable names still collecting annual paychecks from their previous employers.

This past offseason, deferred money became an even bigger talking point across the sport with Shohei Ohtani opting for a structure with the Los Angeles Dodgers that will delay payments for $680 million of his $700 million megadeal. He’ll start receiving $68 million per year in 2034.

Here is everything you need to know about Bonilla’s payday, deferred money in MLB and the current players making less for the 2024 season than Bobby Bo will receive from the Mets on Saturday.


So why does Bonilla get this payday?

In 2000, the Mets agreed to buy out the remaining $5.9 million on Bonilla’s contract.

However, instead of paying Bonilla the $5.9 million at the time, the Mets agreed to make annual payments of nearly $1.2 million for 25 years starting July 1, 2011, including a negotiated 8% interest.

At the time, Mets ownership was invested in a Bernie Madoff account that promised double-digit returns, and the Mets were poised to make a significant profit if the Madoff account delivered — but that did not work out.

Under new owner Steve Cohen, who mentioned the possibility of celebrating Bonilla at Citi Field annually soon after taking over the team, the Mets have embraced Bonilla’s day.


How rare is this arrangement?

Bonilla last played for the Mets in 1999 and last played in the majors for the Cardinals in 2001, but he will be paid through 2035 (when he’ll be 72).

Here are some other notable deferred-money contracts, courtesy of ESPN Stats & Information:

• Bobby Bonilla (again): A second deferred-contract plan with the Mets and Orioles pays him $500,000 a year for 25 years. Those payments began in 2004.

• Bret Saberhagen: Will receive $250,000 a year from the Mets for 25 years (payments also began in 2004; this was the inspiration for Bonilla’s deal).

Max Scherzer: Will receive $105 million total from the Nationals that will be paid out through 2028.

• Manny Ramírez: Will collect $24.2 million total from the Red Sox through 2026.

• Ken Griffey Jr.: Will receive $3.59 million from the Reds every year through 2024 as the deferral from his nine-year, $116 million deal signed in 2000.

• Chris Davis: Davis’ arrangement with the Orioles might make him the new Bonilla, as he collects $59 million in deferred payments during a 15-year stretch that started last year and continues through 2037. Davis will receive $9.16 million in 2024 and 2025, $3.5 million from 2026 to 2032 and $1.4 million from 2033 to 2037.


How does Bonilla’s deal compare to Ohtani’s contract?

The biggest difference in the two deferral-heavy deals is that Bonilla’s came as the result of a buyout by the Mets for an underperforming veteran, while Ohtani’s salary arrangement was proposed by a superstar at the height of his free agency.

In his unprecedented contract, Ohtani is being paid just $2 million annually during the 10-year length of his deal with the Dodgers. From 2034 to 2043, Ohtani will receive $68 million per year. The parameters of the arrangement allow the Dodgers more short-term flexibility while also lowering the team’s competitive balance tax burden with only the present-day value ($46 million per year) of the contract counting toward L.A.’s CBT payroll.


How Bonilla’s payment compares to 2024 MLB salaries

Because baseball’s salary structure has young players start their careers by earning just over half of Bonilla’s annual $1.19 million, the following players will be making less than Bonilla this season (listed in order of 2024 Fangraphs WAR):

Gunnar Henderson — $756,200 (6.0 WAR)

Garrett Crochet — $800,000 (3.7 WAR)

Elly De La Cruz — $742,500 (3.7 WAR)

Jarren Duran — $760,000 (3.4 WAR)

Tanner Houck — $770,000 (3.2 WAR)

Anthony Volpe — $810,100 (2.9 WAR)

Figures from ESPN Stats & Information were used throughout this story.

Continue Reading

Sports

Sale, Crochet named comeback players of year

Published

on

By

Sale, Crochet named comeback players of year

LAS VEGAS — Left-handers Chris Sale of the Atlanta Braves and Garrett Crochet of the Chicago White Sox won Major League Baseball’s Comeback Player of the Year awards on Thursday.

Cleveland right-hander Emmanuel Clase won his second AL Reliever of the Year award and St. Louis righty Ryan Helsley won the NL honor.

Los Angeles Dodgers star Shohei Ohtani joined David Ortiz as the only players to win four straight Outstanding Designated Hitter awards. Ohtani and the New York YankeesAaron Judge won Hank Aaron Awards as the outstanding offensive performers in their leagues.

Major League Baseball made the announcements at its All-MLB Awards Show.

Sale, 35, was 18-3 with a 2.38 ERA and 225 strikeouts in 177⅔ innings for the NL’s first pitching triple crown since the Dodgers’ Clayton Kershaw in 2011. He earned his eighth All-Star selection and first since 2018.

Sale helped Boston to the 2018 World Series title but made just 56 starts from 2020-23, going 17-18 with a 4.86 ERA, 400 strikeouts and 79 walks over 298⅓ innings. He was acquired by Boston from the White Sox in December 2016 and made nine trips to the injured list with the Red Sox, mostly with shoulder and elbow ailments. He had Tommy John surgery on March 30, 2020, and returned to a big league mound on Aug. 14, 2021.

Sale fractured a rib while pitching in batting practice in February 2022 during the management lockout. On July 17, in his second start back, he broke his left pinkie finger when he was hit by a line drive off the bat of the Yankees’ Aaron Hicks. Sale broke his right wrist while riding a bicycle en route to lunch on Aug. 6, ending his season.

Crochet, 25, was 6-12 with a 3.58 ERA over 32 starts for a White Sox team that set a post-1900 record of 121 losses, becoming a first-time All-Star. He struck out 209 and walked 33 in 146 innings.

He had Tommy John surgery on April 5, 2022, and returned to the major leagues on May 18, 2023. Crochet had a 3.55 ERA in 13 relief appearances in 2023, and then joined the rotation this year.

Sale and Crochet were chosen in voting by MLB.com beat writers.

Clase and Helsley were unanimous picks by a panel that included Hall of Famers Trevor Hoffman, Mariano Rivera, Dennis Eckersley and Rollie Fingers, along with John Franco and Billy Wagner. The AL award is named after Rivera and the NL honor after Hoffman.

A three-time All-Star, Clase was 4-2 with a 0.61 ERA, 66 strikeouts and 10 walks in 74⅓ innings, holding batters to a .154 average. The 26-year-old converted 47 of 50 save chances, including his last 47.

Voting was based on the regular season. Clase was 0-2 with a 9.00 ERA in the playoffs, allowing three home runs, one more than his regular-season total.

Helsley, a two-time All-Star, was 7-4 with a 2.04 ERA and 49 saves in 53 chances. He struck out 79 and walked 23 in 66⅓ innings.

Ohtani became the first player with 50 or more homers and 50 or more stolen bases in a season. A two-way star limited to hitting following elbow surgery, Ohtani batted .310 and led the NL with 54 homers and 130 RBIs while stealing 59 bases.

Ortiz won the DH award five years in a row from 2003-07.

The DH award, named after Edgar Martinez, is picked in voting by team beat writers, broadcasters and public relations departments. MLB.com writers determined the finalists for the Aaron awards, and a fan vote was combined with picks from a panel of Hall of Famers and former winners to determine the selections.

Judge led the major leagues with 58 homers and 144 RBIs while hitting .322.

Continue Reading

Sports

QB Castellanos exits after losing BC starting job

Published

on

By

QB Castellanos exits after losing BC starting job

Boston College quarterback Thomas Castellanos, who lost his starting job earlier this week, will not be returning to the team, he announced Thursday night.

Castellanos, who started 12 games last season and retained the top job under new coach Bill O’Brien, wrote on X that “unfortunately, all good things come to an end, even though it’s sooner than I would like.” He did not mention the transfer portal in his departing message and has not officially entered it. The junior from Waycross, Georgia, started his career at UCF and appeared in five games in 2022.

O’Brien said Tuesday that Grayson James, who replaced Castellanos in last week’s win against Syracuse, will start Saturday when Boston College visits No. 14 SMU. Castellanos “wasn’t real thrilled” with the decision, O’Brien said, adding that the quarterback decided to step away from the team for several days.

Castellanos had 2,248 passing yards and 1,113 rushing yards last season under coach Jeff Hafley, passing for 15 touchdowns and adding 13 on the ground. He had 18 touchdown passes and only five interceptions this season, but his accuracy dipped in recent weeks, and he completed only 2 of 7 passes against Syracuse before being replaced.

In his statement, Castellanos thanked both coaching staffs he played for at Boston College and wrote that he had “some of the best experiences of my life in the Eagles Nest and I will truly cherish these memories forever.”

Continue Reading

Sports

Gators’ Lagway ‘ready to play,’ will start vs. LSU

Published

on

By

Gators' Lagway 'ready to play,' will start vs. LSU

GAINESVILLE, Fla. — Florida quarterback DJ Lagway is “ready to play,” coach Billy Napier said Thursday on his weekly radio show.

Napier removed Lagway from the team’s injury report and penciled him in to start against No. 21 LSU in the Swamp on Saturday.

Lagway practiced every day this week while progressing from a strained left hamstring. The highly touted freshman was carted off the field against Georgia on Nov. 2. Tests revealed a “less significant” injury than initially feared, and now he’s back in time to face the Tigers.

The Gators (4-5, 2-4 Southeastern Conference) need him. They have to win two of their final three regular-season games to become bowl eligible.

LSU (6-3, 3-2) has struggled mightily against dual-threat QBs, including Alabama’s Jalen Milroe, who ran for 185 yards and four touchdowns last week.

Lagway returns after walk-on and Yale transfer Aidan Warner started in his place against Texas. Warner threw two interceptions and was 12-of-25 passing for 132 yards in a 49-17 loss.

The Associated Press contributed to this report.

Continue Reading

Trending