Structured Settlements 4Real®Blog 2026
Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.
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Category: Bobby Bonilla Day
Using Bobby Bonilla Day to promote annuities is based on a shaky premise. His deferred payment deal has been overshadowed by similar agreements with Shohei Ohtani, Ken Griffey Jr., and others. It also leans too heavily on the Madoff scandal for relevance.
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What else can be celebrated on July 1st instead of Bobby Bonilla’s good fortune, a nothing burger without Wilpon’s investment with Madoff? Alternative July 1 celebrations include International Reggae Day, International Joke Day, Wrong Trouser Day, Canada Day.
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What Is a Deferred Payment Agreement and How Does It Benefit the Team and the Athlete? The LA Dodgers will pay Shohei Ohtani $2 million annually for the first 10 years and DEFER $680 million, to be paid out from 2034 to 2043. The Dodgers will save about $24 million in annual luxury payroll taxes/
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The post critiques the marketing tactics surrounding Bobby Bonilla Day, questioning whether Bonilla’s contract constitutes an annuity or unfunded deferred compensation. It highlights the insensitivity of linking Bonilla’s deal to Ponzi scheme victims and emphasizes the need to reconsider the narrative surrounding Bonilla’s financial arrangement.
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It’s not unusual for a team paying to pay athletes deferred payments, but Bobby Bonilla was no Ken Griffey, Jr. or Manny Ramirez, who got bigger deferred payments, had greater accomplishments and bettter examples to promote deferred payments for any company, let alone, a company from Boston.
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Bonilla career stats performed well below his peers with deferred payments. But for the fact the Mets and others were scammed by the late crooked Bernie Madoff, there would be no Bobby Bonilla Day. Instead of “celebrating” Bonilla, consider Bonilla’s deferred compensation peers as a better role model for annuities.