Bobby Bonilla Day Is An Annual Reminder That Fixed-Income Investments Are Worthwhile

In 2000, the Mets wanted to rid themselves of Bonilla and his $5.9 million salary, so they agreed to a deal that would pay him that $5.9 million with an imputed interest rate of 8% over 25 annual payments each July 1st beginning in 2011 and ending in 2035.