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The Margin: What is Bobby Bonilla Day? It is the beauty of compound interest

Jul. 1, 2021
The Margin: What is Bobby Bonilla Day? It is the beauty of compound interest

Bobby Bonilla was trending on Twitter early Thursday because July 1 marks the annual payday for the former third baseman, an event that has increasingly attracted interest from average Americans, even some who don’t know anything about baseball.

That’s because Bonilla and his agent, Dennis Gilbert, engineered a contract payout that has become one of the more talked-about feats of finance in sporting history.


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