Where Does Bobby Bonilla Live Now? A Look At His Current Residence

We know Bobby Bonilla lives in Florida, a state that doesn’t have a state income tax. This means he can keep more of his earnings, which could be one reason he chooses to live there.

He’s not the only baseball player getting paid by the Mets! Bonilla signed a contract with the team in 1999. This contract included a unique deal that paid him a deferred salary, which means he gets paid later. It’s like when you save up for a new car. He’s still receiving $1.19 million annually from the Mets through 2035. That’s a long time!

This deal is more complex than it seems. Bonilla signed with the Orioles in 1991 and got a $5.9 million salary. He also got a deferred contract for $500,000 per year for 25 years starting in 2004. This was part of the agreement when the Orioles traded him to the Mets in 1999. Bonilla’s agent, Dennis Gilbert, negotiated this deal with the Mets, creating a kind of “deferred payment” plan. This ensures Bonilla’s income for many years to come.

There’s no one-size-fits-all answer for where professional athletes choose to live. But for Bobby Bonilla, it seems like the benefits of living in Florida make it a good choice. He gets to enjoy the sunshine and save money on taxes! It’s a win-win situation for him.