The Million Dollar Revolution: How Shohei Ohtani and Jon Ramh are Shaking Up Sports Contracts

Sport breaks the market. In just seven days, the sector has experienced a revolution when it comes to million-dollar contracts. If Cristiano Ronaldo or Leo Messi monopolized the list of highest-paid athletes in recent years, now, baseball player Shohei Ohtani and golfer Jon Ramh occupy the top positions.

On December 7, the Basque golfer left the American PGA Tour circuit to head to the Saudi LIV Golf, signing the largest contract, to date, in the history of golf and sport in general. Ramh signed his signature on a contract that linked him to the circuit owned by the sovereign fund of the Middle Eastern country (PIF) in exchange for 500 million dollars.

The unprecedented amount of Ramh’s contract put him in first position in the ranking of athletes with the highest salary in the world. However, 48 hours later, Japanese baseball player Shohei Ohtani snatched that millionaire title from him.

The Los Angeles Dodgers, a militant franchise in the National League Baseball (MLB), spent up to 700 million dollars to tie the Japanese player for the next ten seasons. “It is a unique and historic contract for a unique and historic player,” said the Ohtani representation agency, CAA, after making his transfer official to the franchise owned by Mark Walter, Magic Johnson, Billie Jean King and Peter Guber, among others.

In this way, the baseball player has shattered the records of the three highest-paid footballers on the planet: Kylian Mbappé, Leo Messi and Cristiano Ronaldo, according to Forbes. The French player from Paris Saint-Germain pockets around 77 dollars per season (excluding his commercial contracts).

Behind, the Argentine star, who last season changed to Paris Saint-Germain for Inter Miami FC, signed a contract with the franchise owned by David Beckham at a rate of 65 million dollars per season, while the Portuguese, who set course to the Saudi Pro League in the winter market to play with Al-Nassr FC, he pockets 46 million dollars a year.

In fact, Ohtani’s contract breaks records like those of Leo Messi with FC Barcelona. The Argentine pocketed around 674 million during the twenty years that he wore the Blaugrana jersey, according to calculations by The world.

Ohtani’s contract transcends baseball and beats the income of other sports stars, such as LeBron James, Canelo Álvarez or Max Verstappen. The Los Angeles Lakers basketball player is the highest paid basketball player on the planet, with income of almost 130 million dollars per year, of which only a third correspond to his salary as a player of the Los Angeles franchise, which translates in just over 43 million dollars on the court.

The Mexican professional boxer, Canelo Álvarez, earns up to 110 million dollars a year in the ring. For his part, the current Formula 1 world champion earns around $64 million per season from the Red Bull Formula 1 Team.

2023-12-12 04:14:08
#Shohei #Ohtani #Jon #Ramh #sports #break #market #historic #contracts

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *