On Saturday, we reported that major baseball superstar Shohei Ohtani had just signed a monster contract worth $700 million for 10 years with the Los Angeles Dodgers.
At 29 years old, Ohtani is one of the best pitchers and hitters in MLB.
Besides the Dodgers, the Toronto Blue Jays, San Francisco Giants, Atlanta Braves and Chicago Cubs were also in a major race to acquire Ohtani.
However, in the last minutes, new information surrounding this astronomical amount was published via the Twitter platform.
Indeed, according to an exclusive from Fabian Ardaya of The Athletic, the Japanese and the Dodgers have negotiated an unprecedented contract in MLB history.
A priori, Shohei Ohtani would carry over $68 million per year from his annual salary of $70 million during his 10-year contract with the Californian team.
In other words, the latter will earn only 2 million dollars per year and will carry over 68 million annually over the term of his contract. This means that he would obtain a payment of 680 million after the end of this contract. This payment would be made annually for a total of 68 million per year from 2034 to 2043.
Ohtani’s decision to make just $2 million per season is certainly a big boon to the Dodgers’ payroll, but also a stroke of genius in terms of tax implications. In fact, this strategy will allow the team to avoid MLB’s luxury tax and continue to spend money on other athletes!
A true Los Angeles masterstroke and a guaranteed golden retirement for the super-star!
A two-time American League MVP, Shohei Ohtani had a .304 batting average last season and had 44 home runs and 95 RBIs. Despite an elbow injury, the right-handed gunner claimed a record of 10 wins and 5 losses and an earned run average of 3.14.
2023-12-12 00:19:02
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