This year, I actually learned that there was a Bobby Bonilla in history before Bobby Bonilla took the Bobby Bonilla deal that turned every July 1st into Bobby Bonilla Day.
And it was actually a player for the Atlanta Braves, which is astounding seeing as how as a, for lack of a better term, Braves fan, I did not know about this, as well as the fact that the Braves are among the cheapest teams in the galaxy these days, so it’s doubly amazing to see how they were once wrapped up in a Bobby Bonilla-like arrangement, ever.
But in 1984, the Braves signed reliever Bruce Sutter to a six-year, $9.6M contract, with $4.8M of that deferred, at an interest rate of 13%. And between the years of 1992 and 2022, the Braves paid him $1.12M a year, and I don’t know how and when the interest compounded through the life of repayment, but he was paid $9.1M in 2022, the final installment of the pact; and I don’t know the specific date of the payment, but it should be noted that he also died that same year, and I think it would be ironically funny if the narrative were that he stayed alive long enough to ensure that the cheap-ass Braves paid him his money before he could rest.
Also impressive to me is that within the duration of the repayment plan, the Braves’ ownership had transferred from the free-spending Ted Turner regime, into the stuffy corporate penny-pinching Liberty Media ownership company that as choked the team into this mid-market team, crying poor all the time, caring more about fiscal responsibility to shareholders versus trying to remotely operating a baseball club to victory.
I’m sure Sutter’s contract was an excruciating blight for the Liberty Media bean counters to inherit, and they probably were counting the days of the last 12-13 years of the deal, and probably remains a large part of why the Braves will never play in such deferral tactics, regardless of how effective it is proving to be capable of.
Needless to say, I’m not sure how accurate the math is, since deferred monies have a tendency to be invisible in online payroll records, but Sutter managed to parlay $4.8M into at least $41.58M through a Bobby Bonilla-like payment plan, and seeing as how there was a twelve-year overlap between when Sutter’s payments and the Bonilla’s started, I’m surprised the whole thing didn’t meme out to be Bruce Sutter Day instead.
That’s the strength of the whole LOL Mets meme, I suppose.
Anyway, it’s July 1st, so that obviously means it’s that time of the year again, where a 63-year old Bobby Bonilla receives a $1,193,248 paycheck from the New York Mets because they didn’t want to pay him $5M in 2000 after 141 horrible plate appearances in 1999, and decided that it was more preferable to pay him nearly $36M over 30 years starting a decade later.
And in honor of Bobby Bonilla Day, I take my yearly deep dive into the state of the MLB to try and construct a hypothetical roster of players receiving deferred money, share some stats about them, as well as share all sorts of shade about the practice, the cheapness of the Braves, and other opinionated takes.
Continue reading “Bobby Bonilla Day presents the 2026 MLB All-Deferred Money Team”