Dodgers, Ohtani got creative with $700 million deal, but both sides still have some risk
ABC News
Once the intial shock wore off on the price tag of Shohei Ohtani’s record-shattering $700 million, 10-year deal with the Los Angeles Dodgers, details about the contract emerged that were nearly as stunning
PHOENIX -- Once the initial shock wore off on the price tag of Shohei Ohtani's record-shattering $700 million, 10-year deal with the Los Angeles Dodgers, details about the contract emerged that were nearly as stunning.
A total of $680 million — 97% of the money — was deferred until 2034-43 with no interest.
Had the Dodgers invented some kind of contract voodoo new to Major League Baseball?
Not really. But it appears to be a team-friendly deal that also has benefits for Ohtani as the Japanese superstar departs the Angels, heads 30 miles up Interstate 5 and establishes a new home with the Dodgers in Chavez Ravine.
“Thanks to his endorsements and other off-the-field revenue streams, he has the luxury to defer compensation,” said Michael Rueda, head of the U.S. division of sports and entertainment at Withers law firm. “But there's always some risk.”
