Lessons from Bobby Bonilla Day on Deferred Pay

Bobby Bonilla continues to receive an annual $1,193,248.20 payment from the New York Mets through 2035 due to a deferred compensation deal made after his retirement, highlighting how timing and structure of payments impact taxation. The arrangement, which converted a $5.9 million buyout into a long-term, interest-bearing stream, illustrates the benefits and complexities of deferred compensation, including tax deferral and potential implications under current tax laws and regulations like Section 409A.

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