It’s July 1 and baseball fans know exactly why it’s so special: all due to Bobby Bonilla Day. Every year on this date, the New York Mets, a professional baseball team competing in Major League Baseball (MLB) pay former third baseman Bobby Bonilla a hefty $1.19 million, even though he hasn’t played for the team since 1999. This annual payment will continue until 2035, until Bobilla turns 72. While this may sound strange, it’s all part of a deal signed back in 2000 when the Mets agreed to delay paying him $5.9 million. Instead, they transformed it into long-term annual payment with instalments and interest, stretching over 25 years. Ever wondered why the Mets agreed to this? Let’s decode it.<h2>Why did the Mets agree to this deal?</h2>The reason behind this strange deal involves a financial gamble by the Mets’ ownership. Back in 2000, the Mets heavily invested in a Bernie Madoff Ponzi scheme, which promised to yield high returns. The idea was that the team would earn a lot of money from the Madoff account, making it easy to clear the pending payments. Unfortunately, things didn’t go as planned. Madoff’s Ponzi scheme collapsed and the Mets ended up in financial trouble. The contract with Bonilla, however, remained intact and he continues to get paid every year.&nbsp;Also Read | <a href="https://www.wionews.com/sports/why-players-wear-white-clothes-in-wimbledon-whats-behind-the-all-white-dress-code-rule-colonialism-imperialism-and-more-1751364331647">What’s behind the Wimbledon all-white dress code rule? Colonialism, imperialism and more</a><h2>But, what happens if Bonilla passes away before 2035?&nbsp;</h2>The contract remains the same even after Bonilla's death and the payments will continue to his beneficiaries, which means his family will keep receiving the $1.19 million each July 1 until 2035.<h2>Other players with deferred contracts</h2>This unusual contract isn’t limited to Bonilla. A similar deferred payment plan was made with Mets pitcher Bret Saberhagen, who will receive $250,000 annually till 2028. Other players like Max Scherzer, Manny Ramírez and Chris Davis also have deferred contracts, receiving millions after they’ve retired. The practice of deferring payments helps teams manage their finances, but it also means they’ll be paying past players even after they’ve retired.

While this may sound strange, it’s all part of a deal signed back in 2000 when the Mets agreed to delay paying him $5.9 million. Instead, they transformed it into long-term annual payment with instalments and interest, stretching over 25 years. 

It’s July 1 and baseball fans know exactly why it’s so special: all due to Bobby Bonilla Day. Every year on this date, the New York Mets, a professional baseball team competing in Major League Baseball (MLB) pay former third baseman Bobby Bonilla a hefty $1.19 million, even though he hasn’t played for the team since 1999. This annual payment will continue until 2035, until Bobilla turns 72. While this may sound strange, it’s all part of a deal signed back in 2000 when the Mets agreed to delay paying him $5.9 million. Instead, they transformed it into long-term annual payment with instalments and interest, stretching over 25 years. Ever wondered why the Mets agreed to this? Let’s decode it. Why did the Mets agree to this deal? The reason behind this strange deal involves a financial gamble by the Mets’ ownership. Back in 2000, the Mets heavily invested in a Bernie Madoff Ponzi scheme, which promised to yield high returns. The idea was that the team would earn a lot of money from the Madoff account, making it easy to clear the pending payments. Unfortunately, things didn’t go as planned. Madoff’s Ponzi scheme collapsed and the Mets ended up in financial trouble. The contract with Bonilla, however, remained intact and he continues to get paid every year. Also Read | What’s behind the Wimbledon all-white dress code rule? Colonialism, imperialism and more But, what happens if Bonilla passes away before 2035? The contract remains the same even after Bonilla's death and the payments will continue to his beneficiaries, which means his family will keep receiving the $1.19 million each July 1 until 2035. Other players with deferred contracts This unusual contract isn’t limited to Bonilla. A similar deferred payment plan was made with Mets pitcher Bret Saberhagen, who will receive $250,000 annually till 2028. Other players like Max Scherzer, Manny Ramírez and Chris Davis also have deferred contracts, receiving millions after they’ve retired. The practice of deferring payments helps teams manage their finances, but it also means they’ll be paying past players even after they’ve retired.

While this may sound strange, it’s all part of a deal signed back in 2000 when the Mets agreed to delay paying him $5.9 million. Instead, they transformed it into long-term annual payment with instalments and interest, stretching over 25 years.&nbsp;

Bobby Bonilla day: Why THIS former New York Mets third baseman receives $1.19 million every July 1

South Korea will relax social distancing rules and allow private gatherings of up to six people in the greater Seoul area from the current four starting July 1, the government said on Sunday. 
 
The announcement comes as South Korea has inoculated 29.2% of its population as of Saturday, putting it on track to meet a target of 70% by September. 
 
Daily new infections have held stubbornly in a range of 400 to 700 for the past few weeks, but have stayed below 600 for more than a week so far. 
 
Under the revised rules, restaurants, night-life venues and cafes will be allowed to open for business until 12 am, versus 10 pm&nbsp;currently. 
 
"The new social distancing system is an effort to find a balance between quarantine and daily life recovery amid the prolonged COVID-19 pandemic," Health Minister Kwon Deok-cheol said in a televised briefing. 
 
Unless daily infections spike significantly, the government plans to allow gatherings of up to eight people in the greater Seoul area from July 15, Kwon said. 
 
For those outside of greater Seoul, no restrictions will apply on the number of private gatherings allowed. 
 
South Korea reported 429 new infections by midnight on Saturday, for a tally of 151,149 cases, the Korea Disease Control and Prevention Agency said, with a death toll of 2,002. 
 
(With inputs from agencies)

South Korea will relax social distancing rules and allow private gatherings of up to six people in the greater Seoul area from the current four starting July 1, the government said on Sunday.

South Korea will relax social distancing rules and allow private gatherings of up to six people in the greater Seoul area from the current four starting July 1, the government said on Sunday. The announcement comes as South Korea has inoculated 29.2% of its population as of Saturday, putting it on track to meet a target of 70% by September. Daily new infections have held stubbornly in a range of 400 to 700 for the past few weeks, but have stayed below 600 for more than a week so far. Under the revised rules, restaurants, night-life venues and cafes will be allowed to open for business until 12 am, versus 10 pm currently. "The new social distancing system is an effort to find a balance between quarantine and daily life recovery amid the prolonged COVID-19 pandemic," Health Minister Kwon Deok-cheol said in a televised briefing. Unless daily infections spike significantly, the government plans to allow gatherings of up to eight people in the greater Seoul area from July 15, Kwon said. For those outside of greater Seoul, no restrictions will apply on the number of private gatherings allowed. South Korea reported 429 new infections by midnight on Saturday, for a tally of 151,149 cases, the Korea Disease Control and Prevention Agency said, with a death toll of 2,002. (With inputs from agencies)

South Korea to loosen social distancing rules on July 1

The building that used to house the Holey Artisan Bakery and O&#39; Kitchen Restaurant in Dhaka, where 23 people were killed in a terror attack on the night of July 1, 2016, will open for four hours on Saturday for relatives of the victims and the general public to pay their respects.&nbsp;

22 people were killed in the terror attack.&nbsp;

17 of the victims had been foreigners, one of whom had been a young Indian girl.&nbsp;

bdnews24 reported that on the first anniversary of the attack, house no. 5 on road no. 79 at Gulshan-2 will be open from 10 am&nbsp;to 2 pm.

The owners of the two-storey building, Samira Ahmmed and her husband Sadat Mehedi, are renovating it and plan on moving into it. &nbsp;

The couple took charge of the building in November last year following a court order.

&quot;We will manage to keep the compound open for four hours for the people to pay tribute to the victims. We`ve also sought law enforcers` help,&quot; Mehedi said.

The original eatery reopened this January at Rangs Arcade on Gulshan Avenue.

23 people had died in the attack on the Holey Artisan bakery on July 1, 2016

The building that used to house the Holey Artisan Bakery and O' Kitchen Restaurant in Dhaka, where 23 people were killed in a terror attack on the night of July 1, 2016, will open for four hours on Saturday for relatives of the victims and the general public to pay their respects. 22 people were killed in the terror attack. 17 of the victims had been foreigners, one of whom had been a young Indian girl. bdnews24 reported that on the first anniversary of the attack, house no. 5 on road no. 79 at Gulshan-2 will be open from 10 am to 2 pm. The owners of the two-storey building, Samira Ahmmed and her husband Sadat Mehedi, are renovating it and plan on moving into it. The couple took charge of the building in November last year following a court order. "We will manage to keep the compound open for four hours for the people to pay tribute to the victims. We`ve also sought law enforcers` help," Mehedi said. The original eatery reopened this January at Rangs Arcade on Gulshan Avenue.

On first anniversary, site of Dhaka cafe attack to open to public for 4 hours

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Bobby Bonilla day: Why THIS former New York Mets third baseman receives $1.19 million every July 1

South Korea to loosen social distancing rules on July 1

On first anniversary, site of Dhaka cafe attack to open to public for 4 hours