Bobby Bonilla Teaches Us A Lesson About Interest

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Happy July 1! It’s now only 365 days until the Mets start paying Bobby Bonilla his deferred compensation package, which consists of him being paid $1.2 million every July 1 from 2011 through 2035 because the Mets didn’t want to give him the $5.9 million they owed him in 2000! I have cut and pasted five or six different bits of this Wall Street Journal piece on exactly why and how this fiasco happened for inclusion here, because they’re all just so cringe/facepalm-worthy. But you should go read the whole thing, because at the very least, it’s a nice primer for any future labor negotiations you might have! [Image via]