Mets deposit $5.9 million in a fixed annuity at 8% for 10 years.This accumulates to $12,738,000 in 10 years at which point the annuity begins payout for 25 years in annual payments of $1,193,000.Last payment 25 years from start date of July 2011 or July 2035 when Bonilla is 72 years old.https://www.forbes.com/advisor/retirement/types-of-annuities/Bonilla's deal was good for him as otherwise he would probably be broke.
This would have been helpful on 7/1. Where were you then?
