The Mets released Bonilla, once one of Major League Baseball’s highest paid players, after the 1999 season. Rather than paying him the $5.9 million the team owed him in 2000, they agreed to pay him later, and attach an 8 percent annual interest to the sum, according to contract details reported by ESPN.They really didn't explain that well, that didn't make any sense to me at all. How on earth did they end up agreeing to pay a man until his 70s?
Payments started in 2011, and to date Bonilla has collected $8.35 million, the website says. By the time the final payment is made in 18 years, Bonilla will have parlayed that initial $5.9 million into a total of $29.8 million.
Another site mentioned that one of the Mets owners invested heavily with Bernie Madoff. He worked out the returns from Bernie dwarfed the payments to Bonilla. Unfortunately Madoff was scamming everyone so it was a disaster. It was incompetence on a major scale