This MLB player has not played in two decades but earns $ 1.2 million a year. Metsen has Bernie Madoff to blame

Happy Bobby Bonilla Day! Well, maybe not for New York Mets Front Office.

The Bronx-born slugger, now 62, has received almost $ 1.2 million each year on July 1 for over a decade and will continue to receive payments until 2035.

So why is Bonilla, who last put on Blue and Orange in 1999, still paid?

The answer must make an error that the team made with … Bernie Madoff.

Bonilla still had $ 5.9 million left in its contract when Mets applied for a acquisition.

Instead of paying Bonilla the money in a lump sum, the team agreed to pay him almost $ 1.2 million each year for 25 years from 1 July 2011, according to CNN. The amount would also include 8 percent interest.

Since the Mets owner Fred Wilpon believed that he made a healthy financial decision because he would instead use the money owed to Bonilla to invest with Madoff -which was later revealed to run a Ponzi system.

The deferred payment will see Bonilla Cashing checks from Mets until he is 72 years old, and he will ultimately get $ 29.8 million from his previous team.

Although they are irregular and often less drawn out, these types of deferred payments are not uncommon.

Los Angeles Dodgers superstar Shohei Ohtani Signed a 10-year-old, $ 700 million contracts with postponements of $ 68 million payments from 2034 each year until 2043. Ohtani, 30, will receive $ 2 million per year until the ten years are over.

Unlike Bonilla’s postponed payment, Ohtani’s will be negotiated for a new contract while Bonilla’s contract was from a contract purchase.

Ohtani is not the only current baseball star with deferred compensation. Toronto Blue Jays Pitcher Max scherzerFormer Washington Nationals, will also get away with a delayed pay day.

Scherzer, 40, will end up with $ 105 million from citizens in 2028, seven years after he was traded from DC to Dodgers.