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Message
re: 680 million of Ohtani’s 700 mill contract is deferred until it’s over.
Posted on 12/11/23 at 8:37 pm to JimTiger72
Posted on 12/11/23 at 8:37 pm to JimTiger72
quote:
Does he avoid paying CA taxes doing it this way?
That 680 million he is deferring 10 years is worth over 1.5 billion with an additional decade for it to grow in a basic index fund. There is no tax scenario where deferring that much money for ten years is a smart financial move. This is all about wanting to win championships with the best team the Dodgers can afford to buy.
1
Posted on 12/11/23 at 8:57 pm to MillerLiteTime
Had he not agreed to defer 97% of the money, he would not have gotten $700MM.
Teams and agents understand the time value of money lol.
Teams and agents understand the time value of money lol.
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