Every July 1st, retired Major League Baseball player Bobby Bonilla receives a direct deposit from the New York Mets despite not having played for the franchise for a quarter of a century.
Sports fans celebrate this date with a mix of hilarity and absolute bewilderment as “Bobby Bonilla Day,” universally mocking it as the ultimate symbol of front-office incompetence.
However, that’s not quite true.
This contract wasn’t a classic Mets blunder; it was a highly calculated financial maneuver backed by standard accounting logic.
Learn more about Bobby Bonilla Day on this episode of Everything Everywhere Daily.
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