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Message
1
Posted on 12/11/23 at 5:08 pm to EvrybodysAllAmerican
quote:
Dumb move.
Not if he isn’t living in CA
Posted on 12/11/23 at 5:08 pm to EvrybodysAllAmerican
If he isn't living in California they won't, there is also no interest so it is saving the Dodgers money
Posted on 12/11/23 at 5:08 pm to WicKed WayZ
quote:
Yeah there’s no way the MLB lets this slide
...well they already did.
Posted on 12/11/23 at 5:10 pm to Broski
(no message)
This post was edited on 12/11/23 at 5:11 pm
Posted on 12/11/23 at 5:10 pm to WicKed WayZ
quote:Passant tweet:
no way the MLB lets this slide
quote:
For anyone wondering if MLB will challenge or cancel Ohtani's contract: The answer is unequivocally no. There is a specific article in the collective-bargaining agreement that addresses this. And it's very clear: Deferred money is limitless -- even $680 million of $700 million.
Posted on 12/11/23 at 5:12 pm to WicKed WayZ
quote:i dont get why people keep saying this
Yeah there’s no way the MLB lets this slide
the dodgers and shohei did absolutely nothing that is outlawed by or breaks the CBA
Posted on 12/11/23 at 5:13 pm to Faulk2Tyler
quote:
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
Naw. You have to pay taxes in the state the money is earned generally.
Posted on 12/11/23 at 5:14 pm to Fun Bunch
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?
From a personal income perspective, I believe that is correct. From a luxury tax perspective for the Dodgers its more complicated. It looks like it will "cost" the Dodgers $400-$500M over the next ten years, significantly lowering the Average Annual Value which affects luxury tax value.
The fact I know what AAV means makes me kinda sad.
Forbes article on contract details
Posted on 12/11/23 at 5:15 pm to Cosmo
quote:
Naw. You have to pay taxes in the state the money is earned generally.
He's going to "earn" that $68 million making appearances during Dodger road games in Florida after his playing days are over.
Posted on 12/11/23 at 5:16 pm to Basura Blanco
for tax purposes is a 10 year 460mm deal
Posted on 12/11/23 at 5:18 pm to Basura Blanco
quote:
The fact I know what AAV means makes me kinda sad.
Why? That's a common contract term.
Posted on 12/11/23 at 5:21 pm to WestCoastAg
quote:
for tax purposes is a 10 year 460mm deal
As in luxury tax purposes right? This thread is all over the board with luxury taxes for the Dodgers vs personal taxes for Ohtani.
Posted on 12/11/23 at 5:22 pm to Basura Blanco
yes
for CBT purposes
for CBT purposes
Posted on 12/11/23 at 5:26 pm to KosmoCramer
quote:
Why? That's a common contract term.
Ehhh, I am currently compiling data for year end tax purposes on a professional level, and the shell game of deciphering corporate tax rules and salary cap shite gives me the same feeling of needing to shower after dealing with it/reading about it.
Posted on 12/11/23 at 5:29 pm to Basura Blanco
quote:
The fact I know what AAV means makes me kinda sad.
Add arse Value, as in think of how much arse you're going to get now that you have this much money
Posted on 12/11/23 at 5:30 pm to Fun Bunch
Mickey Loomis is creaming his jeans right now
Posted on 12/11/23 at 5:31 pm to WestCoastAg
quote:
for CBT purposes
Got it. The Forbes article mentioned that the rate of inflation actually determines the "hit" the Dodgers will take on this, which is interesting in its own right.
as for the deferred comp rule itself, I am not picking on the Dodgers here as all teams do it, but its just seems a disingenuous work around of the luxury tax rules MLB put in place, and MLB seems perfectly fine with that.
Posted on 12/11/23 at 5:33 pm to Fun Bunch
that's money laundering!
Posted on 12/11/23 at 5:35 pm to Fun Bunch
Unless they're sticking the 68 million in an account that pulls high interest, he's going to have significantly less money when he cashes in on that contract just with inflation alone.
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