Ohtani deferrs $680 million deal to Dodgers

[Mizak]

Shohei Ohtani's historic contract with the Los Angeles Dodgers will see him defer $68 million of his annual $70 million salary, sources familiar with the deal said Monday, significantly lowering his new team's payroll and potential tax burden.

Ohtani agreed on a 10-year, $700 million contract with the Dodgers on Saturday, by far the richest in the history of North American professional sports. A source said then that the majority of the contract would come in deferred money; under this structure, however, Ohtani is deferring more than 97% of his earnings. The deferred money -- totaling $680 million -- will be paid to Ohtani between 2034 and 2043, a source said.

Sources: Ohtani to defer $680M in Dodgers deal

Shohei Ohtani's 10-year contract with the Dodgers, the signing of which was announced Monday, will see him defer $68 million of his annual $70 million salary, sources said.

www.espn.com

So in other words, he signed a freaking 10 years, $20 million deal? And before you guys accuse the Dodgers, that article said it was Ohtani’s idea.

 

[Crizilla]

That is pretty crazy, he probably already has everything he wants, I guess

 

[jeremiah]

Shohei Ohtani's historic contract with the Los Angeles Dodgers will see him defer $68 million of his annual $70 million salary, sources familiar with the deal said Monday, significantly lowering his new team's payroll and potential tax burden.

Ohtani agreed on a 10-year, $700 million contract with the Dodgers on Saturday, by far the richest in the history of North American professional sports. A source said then that the majority of the contract would come in deferred money; under this structure, however, Ohtani is deferring more than 97% of his earnings. The deferred money -- totaling $680 million -- will be paid to Ohtani between 2034 and 2043, a source said.

Sources: Ohtani to defer $680M in Dodgers deal

Shohei Ohtani's 10-year contract with the Dodgers, the signing of which was announced Monday, will see him defer $68 million of his annual $70 million salary, sources said.

www.espn.com

So in other words, he signed a freaking 10 years, $20 million deal? And before you guys accuse the Dodgers, that article said it was Ohtani’s idea.

The Mariners were The Most Profitable team in the League. Now they cut payroll, instead of doubling down. How sad, to be a fan and know we have the same chance to win as the Pirates.

 

[Hawkinaz]

This is just a guess the deferred money starts paying out after his contract ends. I wonder if taxes are a factor and dude wants no part of California which he got a taste of while playing with the Angels. He doesn’t even have to sell his house

 

[SoulfishHawk]

Seems pretty fishy, imo. Wondering if the players union is going to jump in on this.

 

[Maulbert]

This shouldn't be allowed. Just feels like cheating.

 

[GetNjigbaWithIt]

This shouldn't be allowed. Just feels like cheating.

Intentionally paying a player 97% of their salary once they're no longer on your roster....yeah, doesn't sound right at all.

 

[QWERTY]

Intentionally paying a player 97% of their salary once they're no longer on your roster....yeah, doesn't sound right at all.

Uh what about Chris Davis from Baltimore?


"As noted by Spotrac, Chris Davis is set to receive $42 million in deferred payments in a 15-year period from 2023 to 2037 as a residual after-effect of the seven year, $161 million contract he signed with the Orioles in 2016."

 

[GetNjigbaWithIt]

Uh what about Chris Davis from Baltimore?


"As noted by Spotrac, Chris Davis is set to receive $42 million in deferred payments in a 15-year period from 2023 to 2037 as a residual after-effect of the seven year, $161 million contract he signed with the Orioles in 2016."

How is that any different?

 

[Flyingsquad23]

Griffey is still being paid and of course Bobby Bonilla.

The dodgers struck gold with this deal, not only do they get to spend a ton for other players but the deferred money will probably be invested and quadruple by the time they pay him.

On the radio today they said the Dodgers will see upwards of 40million in new revenue per year…

 

[QWERTY]

They mentioned. 68million dollars now is worth more than 2040.

Not sure what they thinking when 1.00 usd is around 70 cents in Yen.