Bobby Bonilla — Deferred Mets Contract

Bobby Bonilla’s deferred contract turned a $5.9 million buyout into a $29.8 million annuity. The Mets pay $1.19 million every July 1st from 2011 through 2035 — Bobby Bonilla Day is now a national joke. Despite playing his last game in 2001, he earns an 8% annual return on the deferred amount, outperforming Eden Hazard’s on-field output by any measure. That $1.19 million yearly payout is 60% higher than the average MLB deferred deal and ranks as the worst financial decision in sports history.