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<a href="https://en.wikipedia.org/wiki/Bobby_Bonilla?utm_source=1851franchise.com&utm_medium=article&utm_campaign=want-financial-freedom-simply-follow-the-financial-logic-of-bobby-bonilla-2703175" target="_blank" rel="nofollow" target="_blank">Bobby Bonilla</a>, we salute you.

Every July 1st, from 2011 to 2035, former Major League Baseball player&nbsp;Bonilla will forever be seen as a financial genius for deferring the $5.9 million the Mets owed to him in the 2000 season. Each July 1st he receives a payment of $1.19 million, even though he hasn&#39;t played professional baseball in 16 years.

Bonilla&rsquo;s agent orchestrated a deal that deferred payment with an 8 percent annual interest rate. &nbsp;ESPN updated its annual celebration of genius (not to mention, Bonilla also lives in Florida &ndash; a state with no income tax). In a story titled, &ldquo;<a href="http://www.espn.com/blog/new-york/mets/post/_/id/125162/happy-bobby-bonilla-day-his-annual-1-19-million-payday-is-here?utm_source=1851franchise.com&utm_medium=article&utm_campaign=want-financial-freedom-simply-follow-the-financial-logic-of-bobby-bonilla-2703175" target="_blank" rel="nofollow" target="_blank">Happy Bobby Bonilla Day! His annual $1.19 million payday is here</a>&rdquo; ESPN&rsquo;s Darren Rovell wrote:

With seven payments now in, Bonilla has now collected $8,352,737.40. There are 18 more payments due to Bonilla through 2035. When all the payments are made, Bonilla will have turned that $5.9 million into $29.8 million.

But that&#39;s not all.

Bonilla also has deferred money that is being paid by the Mets and the&nbsp;Baltimore Orioles, who took Bonilla for the final year and a half (1995 and 1996) of his first Mets contract, a five-year deal signed in December 1991 for $29 million.

The two teams split a $12.5 million payment which comes in 25 installments. That deal started in 2004, so Bonilla has received 14 payments worth a total of $7 million, and he will receive another $5.5 million through 2028.

So to recap, Bonilla has already received $15.3 million in deferred money. Over the next 18 years, he has another $27 million to go.

Could a franchisor get this smart? Maybe if you hired Bonilla as a CFO &ndash; but, probably not.

&nbsp;

Want financial freedom? Simply follow the financial logic of Bobby Bonilla

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Want financial freedom? Simply follow the financial logic of Bobby Bonilla

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