12/21/24
December 09, 2023
Shohei Ohtani signs record deal with the Los Angeles...Dodgers: In the biggest MLB contract so far, the Dodgers and Ohtani have agreed to a 10-year, $700 million deal.
posted by Ufez Jones to baseball at 09:17 PM - 6 comments
Now what am I supposed to do with this Blue Jays Ohtani jersey?
posted by tommybiden at 10:44 AM on December 10, 2023
Blue Jays fans on Threads are besides themselves with the news of this signing. Did Toronto really have a chance at signing Ohtani?
posted by NoMich at 10:50 AM on December 10, 2023
I wish my elementary school art teacher was still alive.
I'd tell her "If you want to change red to blue, it's gonna take a lot of green".
posted by beaverboard at 10:56 AM on December 10, 2023
$432k per game. Every game. Wow!
posted by bender at 09:30 AM on December 11, 2023
Quite an interesting contract. The payments are to be made on July 1st of every year until 2043. In the mean time, Otani receives $2 million per year in salary, while the Dodgers are charged $46 million against the cap. MLB uses present value of money to calculate the cap hit in the case of deferred payments. It's the same concept that lotteries use when the payout for 20 annual payments is, for example, $100 million, but the lump sum payment is about $60 million. Even with all this money being spent, the Dodgers will still remain under the first level of luxury tax. Amazing!
posted by Howard_T at 03:39 PM on December 13, 2023
And how many years of Bobby Bonilla type payments will we be celebrating with this contract?