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Bobby Bonilla Day: Celebrating compound interest and a New York Mets mistake. : Planet Money How the worst deal in baseball explains one of the most important concepts in economics. | Subscribe to our weekly newsletter here.

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Bobby Bonilla Day

Bobby Bonilla Day

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NEW YORK METS THIRD BASEMAN BOBBY BONILLA WATCHES A PREVIOUS HIT DURING THE METS VERSUS LOS ANGELES DODGERS GAME AT DODGER STADIUM IN LOS ANGELES, CALIFORNIA. MANDATORY CREDIT: STEPHEN DUNN/ALLSPORT
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Stephen Dunn/Getty Images
NEW YORK METS THIRD BASEMAN BOBBY BONILLA WATCHES A PREVIOUS HIT DURING THE METS VERSUS LOS ANGELES DODGERS GAME AT DODGER STADIUM IN LOS ANGELES, CALIFORNIA. MANDATORY CREDIT: STEPHEN DUNN/ALLSPORT
Stephen Dunn/Getty Images

Bobby Bonilla Day celebrates one of the worst deals in baseball history. The thinking behind this deal is actually one of the most important concepts in finance — and once you understand it, the deal may not seem so bad.

In this episode, we go back to the year the Bobby Bonilla deal was made to find out how the Mets found themselves paying someone $29.8 million to not play baseball. Then we talk to the legend himself.

Music: "Everyone Loves A Ball Game," "If You're Happy And You Know It," "Brassy Funker," and "Wild Baby Rock."

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