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Started By
Message
680 million of Ohtani’s 700 mill contract is deferred until it’s over.
Posted on 12/11/23 at 4:56 pm
Posted on 12/11/23 at 4:56 pm
What
quote:
Shohei Ohtani's $700 million contract calls for him to be paid only $2 million a year for the next 10 seasons, with $680 million deferred until the end of the deal, sources confirm to ESPN.
The CBT hit on the contract is going to be around $46 million, a huge discount for L.A.
quote:
If I'm reading this correctly: Shohei Ohtani signed a 10-year, $20M contract and he will then make $68M every year from 2034-2043?
What in the world.
36
Posted on 12/11/23 at 4:58 pm to Fun Bunch
He was tired of hearing about Bobby Bonilla.
Posted on 12/11/23 at 4:59 pm to Fun Bunch
quote:
Shohei Ohtani signed a 10-year, $20M
Good deal.
Posted on 12/11/23 at 4:59 pm to Fun Bunch
Does he avoid paying CA taxes doing it this way?
Posted on 12/11/23 at 5:00 pm to Fun Bunch
Such a strange contract
Posted on 12/11/23 at 5:01 pm to Fun Bunch
That is terrible for him financially. (I mean, I’m sure he’ll be fine. 
). I’m surprised the MLBPA signed off on this.
). I’m surprised the MLBPA signed off on this. 
Posted on 12/11/23 at 5:01 pm to weurf3
Not even sure why Bobby Bonilla Day is a thing, players before Bonilla and after have had a deferment.
Posted on 12/11/23 at 5:01 pm to Fun Bunch
Posted on 12/11/23 at 5:02 pm to Fun Bunch
Seems like quite the competitive advantage to not have to pay a fair market salary until the player basically retires. But baseball has never really been about equal competition, so more power to you and 10 generations of your progeny, Shohei. 
quote:
I’m surprised the MLBPA signed off on this.
This post was edited on 12/11/23 at 5:03 pm
Posted on 12/11/23 at 5:02 pm to Fun Bunch
Leave the bulk of the contract to be paid later, after retirement. Make a “small” amount now, while also raking in millions in endorsement deals during his prime.
Smart
Smart
Posted on 12/11/23 at 5:03 pm to Fun Bunch
Nice Steve Young retirement fund.
Is it an insured annuity?
Dodgers could go belly up.
Asteroids and such.
Is it an insured annuity?
Dodgers could go belly up.
Asteroids and such.
Posted on 12/11/23 at 5:03 pm to Fun Bunch
Yeah there’s no way the MLB lets this slide
Posted on 12/11/23 at 5:03 pm to Fun Bunch
This must be a tax play. His endorsement income must be massive so if he can push off the contract money until the endorsement dollars slow down then maybe that's a benefit? Maybe??
Posted on 12/11/23 at 5:03 pm to TTB
Shohei is going to be retired, living in Japan and making 68 mill a year to not play and being a fricking King.
Posted on 12/11/23 at 5:04 pm to JimTiger72
Apparently if he isn't living in California at the end of his deal he won't have to pay taxes on the 68 million
Posted on 12/11/23 at 5:05 pm to WhoGeaux
quote:
This must be a tax play.
It is. It’s a circumvention of the tax which is why people are melting on twitters.
No one has ever done a deal quite like this.
Posted on 12/11/23 at 5:05 pm to WhoGeaux
He makes between 30-40 million a year in endorsements.
Posted on 12/11/23 at 5:06 pm to Faulk2Tyler
In 10 years, California will be taxing him at 90%.
Dumb move.
Dumb move.
Posted on 12/11/23 at 5:07 pm to Fun Bunch
Dude could have been investing that $68 million each year while taking $2 million in salary. What an idiot
Posted on 12/11/23 at 5:07 pm to WhoGeaux
quote:
This must be a tax play.
He'd be paying about 49% living/working in CA according to Fox Biz.
That $680 million will be worth about $3.50 in ten years so works well for the team as well.
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