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Mets just gave out another Bobby Bonilla contract

The New York Mets have given out another Bobby Bonilla-like contract, this time going to closer Edwin Diaz.

The post Mets just gave out another Bobby Bonilla contract appeared first on Larry Brown Sports.

Edwin Diaz fired up

Aug 25, 2022; New York City, New York, USA; New York Mets relief pitcher Edwin Diaz (39) reacts after recording a strike out to during the eighth inning against the Colorado Rockies at Citi Field. Mandatory Credit: Vincent Carchietta-USA TODAY Sports

The New York Mets still owe Bobby Bonilla a paycheck of $1,193,248.20 every July 1 through 2035. And now, they’ll be paying closer Edwin Diaz annually until 2042.

On Wednesday, the Mets announced a five-year, $102 million contract for Diaz, which is the largest for a reliever in MLB history. But $26.5 million of that will come via deferred payments.

The deal also includes a no-trade clause and a sixth-year option which, if picked up, increases the total to $118.25 million over six seasons. The $12 million signing bonus will be spread out over six seasons, through 2028 if all player options are picked up.

Should Diaz pick up his options, the Mets also have a 2028 option. SNY reports that “if his player options are exercised, the Mets have a $17.25 million option with a $1 million buyout. However, New York will defer $5.5 million annually from 2023-25 and $5 million from 2026 and 2027. The payments will be due on July 1 in future years.”

There are a lot of moving pieces.

In addition to those massive numbers, Diaz’ deal also includes incentives. He can earn an extra $100,000 if he’s named World Series MVP or Rivera/Hoffman Reliever of the Year. All-Star, Gold Glove and Cy Young Award incentives are also built into the deal.

With Diaz and Bonilla combined, July 1 is going to be an expensive day for the Mets for years to come.

The post Mets just gave out another Bobby Bonilla contract appeared first on Larry Brown Sports.

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