July 1st is a significant day for many MLB players and former players. Today marks the distribution of numerous signing bonuses and deferred salary payments, or at least a portion of them. Checking that sizable direct deposit every year must be enjoyable, right? The star of the July 1 payout is Bobby Bonilla, a former All-Star who last participated in competition in 2001.
The New York Mets have paid Bonilla slightly over $1 million ($1,193,248.20) on July 1st of every year since 2011 as part of a deferred salary deal. The yearly disbursements will persist until 2035. 2035! When the payments stop, Bonilla, who is currently 61, will be 72.
In 1991, the Mets signed Bonilla to a $29 million five-year contract, which at the time was the highest salary in team sports. Before being dealt away, he played the first three and a half seasons of his contract with New York. As part of Florida’s post-championship fire sale, Bonilla was later traded back to the Mets after winning a World Series with the Marlins in 1997.
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Although the Mets cut Bonilla loose in January 2000, they were still responsible for his $5.9 million pay for that campaign. Instead, the ownership of the Mets decided to postpone Bonilla’s compensation with 8% interest over a 25-year period, from 2011 to 1935, since they thought they would earn handsomely from their investments with Bernie Madoff.
Following the collapse of Madoff’s Ponzi scam, Bonilla’s $5.9 million grew to $29.8 million between 2000 and 2011. By dividing the $29.8 million by 25 years, the yearly payment comes to $1.19 million. A few years back, in observance of Bonilla’s yearly deferred payments, CBS Sports produced a bobblehead:
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The CBS Sports Bobblehead Project will continue on. CBS Sports
Following the team’s 2020 acquisition by Steve Cohen, the Mets owner proposed holding an annual Bobby Bonilla celebration at Citi Field, complete with an absurdly large cheque. As of this writing, the plan has not materialized, and on July 1 of this year, the Mets will travel to play the Nationals.
Without a doubt, the most well-known July 1 payment in baseball is Bonilla’s delayed paycheck with the Mets, but there are other July 1 payments as well. As a matter of fact, Bonilla has two deferred compensation agreements with the Baltimore Orioles, who owe him a total of $500,000 for the years 2004 through 2008. The first of July is a happy day for the Bonilla family.
Some noteworthy deferred compensation payment programs are as follows:
Since 2009, the Cincinnati Reds have given Ken Griffey Jr. about $3.6 million annually. In 2024, he will receive his last paycheck.
Since 2011, the Boston Red Sox have paid Manny Ramirez almost $2 million annually, and they will do so until 2026.
Matt Holliday received his deferred paycheck from the St. Louis Cardinals in 2020. His annual salary is $1.5 million through 2029.
The Orioles agreed to pay Chris Davis $3.5 million a year until 2032, starting last year in 2023. From 2033 to 2037, he receives $1.7 million annually.
Since 2004, the Mets have paid Bret Saberhagen $250,000 annually, and they will do so until 2028.
Rafael Devers signed an 11-year $331 million contract with the Red Sox that included a $75 million deferment, meaning the team would pay him $7.5 million a year from 2034 to 2043.
There were significant deferments in Shohei Ohtani’s record-breaking $700 million contract with the Dodgers. Ohtani’s 10-year contract calls for him to make a meager $2 million per season. It will take till 2034 to 2043 to pay the remaining $680 million.
Salary deferrals are a common feature of the major contracts signed by the Washington Nationals. Through 2024, they will pay Rafael Soriano almost $2 million a year. Pitcher Max Scherzer, who is currently with the Texas Rangers, owes $15 million annually from 2022 to 2028. If you can obtain it, it’s not horrible work.
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It’s Here Again New York Mets vs. New York Yankees.-……. Live Stream & Tips – Yankees Poised to End MLB Subway Series Drought……
Predictions & Strategies for New York Mets vs. New York Yankees
Predictions for the Yankees’ first Subway Series victory of the year include their victory.
Pitcher Luis Gil seems to be coming back from a difficult stretch, but his Mets counterpart Jose Quintana had trouble with his last outing.
This season, Luis Gil of the NY Yankees is 10-5 with a 3.17 ERA. Jose Quintana of the NY Mets let up five earned runs in his most recent start.
The NY Yankees have defeated the NY Mets three times in their last four home games.
The New York Mets lead the regular season series 2-0, and the Over was profitable in their two prior encounters this season.
The New York Mets defeated the Marlins 12-2 in their previous meeting on June 26. New York Mets Form New York enters this series hoping to build on their victory against the Marlins on Monday night in Miami.
Despite coming off a defeat, the Mets were playing well heading into the All-Star break, winning seven of their last nine games before to the mid-season break.
They defeated Pittsburgh 5-2 and 3-2 in back-to-back games before defeating Washington 7-5, 6-2, and 7-0 at home to bounce back from an 8-2 setback to the Pirates.
With wins over Colorado in the series finale (7–6) and 7–3, New York extended their winning streak to five games, but ultimately fell short 8–5.
After losing as a result, the Yankees went into the All-Star break. When they came back to play, they split a four-game series with Miami, winning 1-0 and 6-4 and losing 6-4 and 4-2.
New York Yankees: New York comes into this series hoping to build on their victory over Tampa Bay, which guaranteed a split of the series.
The Yankees had a difficult stretch in the first two weeks of July, dropping seven of their nine games during that time.
They defeated Baltimore 4-1 and 6-1 on the road, though, as they stabilized the ship in their last series before the All-Star break.
New York went into the break on the heels of a loss, falling short of a sweep in their final game against the Orioles, 6-5.
The Yankees defeated the Rays 9-1 after losing 9-1 and 6-4 to start their comeback season. Last Friday, they defeated Tampa Bay 6-1.
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Collins Drafted by New York Mets in Sixth Round of MLB Draft……
The New York Mets picked Corey Collins, an infielder/outfielder for the University of Georgia, with the 173rd overall pick in the sixth round of the 2024 Major League Baseball Draft on Monday afternoon.
During his time at Georgia, the Suwanee native played in 195 games, making 184 starts. He finished with a batting average of.289, 45 home runs, 31 doubles, and 152 RBI. With an on-base percentage of.574 in 2024 during his senior year, he became the first player from the Southeastern Conference to lead the NCAA in that category.
Baseball America’s Second Team All-American for first base in 2024 was the 6-3, 236-pound player. He had a career-high batting season.354 with a school-record 28 hits by pitches, 20 home runs, 58 RBI, 56 walks, and 56 walks. Collins played for the 10th-ranked Bulldogs in 52 games, including 46 starts, at five different positions. Both the regional All-Tournament Team and the NCAA Athens Regional Most Outstanding Player awards went to him.
Collins is fourth in school history with 45 career home runs. On March 19, he hit three home runs in his first three at-bats against Wofford, tying a school record.
Rounds 11–20 of the 2024 MLB Draft will take place tomorrow at 2:00 p.m. You can watch it live on MLB.com.
Following Charlie Condon’s selection by the Colorado Rockies at third overall in the 2024 MLB Draft, Collins is the second Bulldog chosen. Collins will join Dylan Ross, a left-handed pitcher selected by the Mets in the 13th round of the 2022 draft, in the organization.
At least one Bulldogs player has signed a professional contract for 51 consecutive seasons. In addition, Georgia has had a player selected since 1987 at the very least.
FOLLOW THE BULLDOGS: Go to www.georgiadogs.com for up-to-date baseball information, and follow the Bulldogs on Instagram, Facebook, and Twitter (@baseballuga, @BaseballUGA, and @baseballuga, respectively).
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Monday, June 10th, 2024; Sunday, June 23; Friday, June 14; Thursday, June 13; MLB Draft – Condon – Colorado; Colorado Rockies select Condon third overall; July 14, 2024 | Baseball
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Athens As the top-drafted Bulldog chosen in the first round of the Major League Baseball draft on Sunday night, Charlie Condon of the University of Georgia made history.
The Colorado Rockies selected 6-6, 216-pound third baseman/outfielder Condon third overall. After finishing sixth in 1980 to the San Diego Padres, Condon passed Jeff Pyburn.
“It’s incredibly thrilling to be a part of an organization with so much history in such a cool ballpark with really great people all around,” Condon remarked. It’s been fantastic. My UGA teammates who have helped me get to this point are the only thing on my mind. Without you guys, I wouldn’t be here. That is something I will never forget.”
Earlier in the season, he made history by becoming the first Bulldog to win the Bobby Bragan National Collegiate Slugger Award, the Dick Howser Trophy, and the Golden Spikes Award.
Baseball America, D1Baseball, and Perfect Game selected Condon, the 2024 SEC Player of the Year, as a consensus All-American and Player of the Year.
The Marietta, Georgia native led the country in both batting average (.433) and home runs (37) in the same season during his Bulldog career, making him the third player in NCAA history to accomplish it. In addition, Condon led the NCAA in OPS (1.565), home runs per game (.62), and slugging percentage (1.009). As a five-position player for the Bulldogs in 2024, he also recorded a team-high 57 walks, including 28 intentional free passes.
Condon won the team’s Triple Crown in his rookie season by batting.385 with 25 home runs and 67 RBI, ranking among the best freshmen and all-around seasons in school history. Consensus winner of the SEC Freshman of the Year award, he hit at least one home run in each SEC series while hitting.339-16-30 in league play, setting the record for most SEC Freshman Home Runs with 25. Condon was also a two-time member of the SEC Academic Honor Roll and a Finance major.
Under first-year Ike Cousins head baseball coach Wes Johnson, Condon is the highest-drafted Bulldog in Georgia baseball history. With Condon added, Georgia now has 12 players (compensation and competitive balance picks) chosen in the first round.
Johnson remarked, “Drafting Charlie this high is a credit to his great work ethic and determination.” It emphasizes that even if you weren’t heavily recruited out of high school, you can still reach an exceptional level with persistence and hard effort. His path is a reflection of his parents’ constant support and direction as well as the priceless contributions of all the coaches who shaped his skill and character. Charlie considers this accomplishment to be both a personal triumph and a source of pride for the University of Georgia baseball program.
Tomorrow at 2:00 PM, the 2024 MLB Draft will resume with rounds three through ten. Rounds 11–20 of the draft begin at 2 p.m. on Tuesday, the last day of the draft. You can watch it live on MLB.com.
At least one Bulldogs player has signed a professional contract for 51 consecutive seasons. In addition, Georgia has had a player selected since 1987 at the very least.
The 2023 draft included two Bulldogs. The Pirates selected LHP Jaden Woods in the seventh round of the draft. The Nationals selected LHP Liam Sullivan in the 13th round. Alongside Aaron Schunk, Condon will be a member of the Rockies team.
FOLLOW THE BULLDOGS: Go to www.georgiadogs.com for up-to-date baseball information, and follow the Bulldogs on Instagram, Facebook, and Twitter (@baseballuga, @BaseballUGA, and @baseballuga, respectively).
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