Bobby Bonilla's Mets Payday Is Here Again

— -- Bobby Bonilla's payday is here again.

Each year on July 1, from now until 2035, the former Major League Baseball player collects a check for $1,193,248.20 from the New York Mets.

The money is part of a deferred buyout deal – paid over 25 installments – that the team agreed to after the 1999 season. Bonilla was owed $5.9 million, but instead of simply footing the bill, the Mets agreed to a delayed annual payment plan that went into effect in 2011.

July 1, 2015, marks the fifth payment, with 20 remaining. In total, the Mets will pay Bonilla $29.8 million in the yearly payments.

Bonilla – who hasn’t played in the major leagues since 2001 – will earn more money from the Mets this season than 16 players currently on the team's active roster, according to salary data.