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On July 1 , 2 0 0 0 , the New York Mets reached an agreement with Bobby Bonilla to defer the remaining $ 5
On July the New York Mets reached an agreement with Bobby Bonilla to defer
the remaining $ million on Bonilla's contract with interest which would have
otherwise been due to be paid immediately. The deferment agreement called tor
salary to be paid in equal installments,
with the first payment being made on July
The agreement stipulated that the
relevant interest rate applied to this deal
would be
Beginning on July and every July for the following years how much was
Bobby Bonilla paid by the Mets? In other
words, what is the value of each annual
salary installment?
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