Here’s some baseball and Wall Street news all rolled into one.
Wednesday is payday for former Major League Baseball player Bobby Bonilla. Bonilla, who hasn’t played an inning in the big leagues since 2001, gets a check for $1,193,248.20 from the New York Mets every July 1st from now until 2035.
It’s a deferred payment deal the Mets ownership agreed to because — and this is the amazing-slash-terrible part — they were getting more from their investments with Bernie Madoff than the Bonilla deal would cost ’em.
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