The Los Angeles Dodgers recently signed two-time American League Most Valuable Player, Shohei Ohtani. They signed him to record breaking deal for all of sports. It's a ten-year, $700 million contract. The details of the contract were just released.
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. Per, multiple sources.
As a Dodger, Shohei Ohtani will make $20M from 2024 to 2033 and $680M from 2034 to 2043. He is deferring more than 97% of his historic contract, made easier by the fact he makes close to $50M annually in off-the-field revenue.
Los Angeles Dodgers players, ranked in order of expected salary in 2024: (From Jeff Passan)
1) Mookie Betts
2) Freddie Freeman
3) Chris Taylor
4) Max Muncy
5) Jayson Heyward
6) Will Smith
7) Walker Buehler
8) Joe Kelly
9) Miguel Rojas
10) Ryan Yarbrough
11) Austin Barnes
12) Tony Gonsolin
13) Evan Phillips
14) Brudsar Graterol
15) Caleb Ferguson
16) Dustin May
17) Shohei Ohtani
The Dodgers' payouts to Shohei Ohtani for the next 20 years: (From Front Office Sports)
2024: $2M
2025: $2M
2026: $2M
2027: $2M
2028: $2M
2029: $2M
2030: $2M
2031: $2M
2032: $2M
2033: $2M
2034: $68M
2035: $68M
2036: $68M
2037: $68M
2038: $68M
2039: $68M
2040: $68M
2041: $68M
2042: $68M
2043: $68M
This is going to help the Los Angeles Dodgers a lot when it comes to money. They will be able to have more flexibility when looking to sign more top free agents. This is something we've never seen before, it's certainly interesting.
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