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In 2000, Bobby Bonilla (NY Mets/MLB) put in $5.9 million in a deferred-income contract with the following terms: Lump-sum $5.9 million. Defer/hold for 10 years at 8%. The balance in 2010, $13.7 million. Uniform payout over 25 years (2011-35) at 8% assumed rate. Annual payout $1.2 million/yr on July 1 (Bonilla Day). TIAA Video (4:49) https://players.brightcove.net/958462654001/default_default/index.html?videoId=6374946029112
