Hello, July! And with that, it's time for your daily reminder that A's stars Matt Chapman and Matt Olson are vastly underpaid.
Every July 1, Bobby Bonilla is paid nearly $1.2 million from the New York Mets, a team the former All-Star last played for in 1999. Bonilla now is 57 years old, and hasn't played a MLB game since 2001. And yet, on Wednesday, his wallet grew on his own annual holiday.
So, how does this work? The New York Mets agreed in 2000 to buy out the rest of Bonilla's $5.9 million at the time. They agreed to make annual payments of $1,193,248.20 for 25 years starting July 1, 2011, including a negotiated 8 percent interest. That brings us to Chapman and Olson.
Chapman, 27, was set to make $623,500 this season. But with a 60-game season and prorated salaries, the A's third baseman now will make only $230,925.93. Olson, 26, was scheduled to make $603,500. That's now down to $223,518.52. Combined, the two will make $454,444.45.
Yeah, that's not even half of what Bonilla will make this year.
Chapman and Olson both are arbitration-eligible after this season and won't become free agents until 2024. They're about to get paid in arbitration, and the A's have to be focused on locking these two up long-term. They're two of the best players at their positions in all of baseball, and will be key to Oakland making a run at the World Series in this shortened season.
In fact, only 10 A's players will make more than Bonilla this season. That actually is two more than the Giants' eight, too.
But key players like Chapman and Olson will make much less. Any player making less than $3.225 million in full-season salary will receive less than Bonilla this year. That also includes players like Ramon Laureano, Chad Pinder, Frankie Montas, Jesus Luzardo, A.J. Puk and more.
July 1 is Bobby Bonilla Day. It also is yet another reminder how underpaid Chapman and Olson are right now.