700 Million Dollar Man

[Insidious Von]

Or Badminton.

 

[tml]

Pickleball, definitely pickleball.

 

[Sonic Temple]

I will probably be in basketball.

I don't know mate - baseball initially had Trout at $500 M, now this - I would probably guess NFL ahead of the NBA. Either way - that will be the day .

 

[glamphotographer]

I'm glad the Jays didn't sign Ohtani, imagine your internet and cell phone bill going up %30 to pay for him if you are a Rogers Customer.

 

[harryass]

yip, the filthy rich owners continue to make sports less competitive and interesting. MLB, NBA and NFL all suck.

 

[hockeyguy19]

Seems like Ohtani / Ohtani's agent used Toronto as leverage to get a bigger deal to his preferred destination. There is no doubt to me that the Jays came in very high, which is why they stayed in the conversation so long.

The contract apparently has significant deferred compensation in order for LA to "Dodge" some or all of its Luxury Tax Consequences. Apparently the Present Value of the contract might be closer in value to $500-550M when the deferrals are discounted.

Still an insane amount. I do think though that the Present Value of the Jays Offer (which may not have had deferrals) was probably in the same ballpark or even higher than what the Dodgers offered.

I am reading that $680mil of the $700mil is deferred until after the contract expires. He will be earning $2mil a year for 10 years and then the remaining $680mil over then next 8 to 10 years afterwards. Not a bad retirement package.

 

[princekwekua]

I am reading that $680mil of the $700mil is deferred until after the contract expires. He will be earning $2mil a year for 10 years and then the remaining $680mil over then next 8 to 10 years afterwards. Not a bad retirement package.

Apparently he makes $45 million a year in sponsorships. The deferred compensation is to reduce his tax burdens in US and Japan

 

[onomatopoeia]

The deferral makes a lot of sense in Ohtani plans to live somewhere with low income tax rates after the playing contract expires. He'd get fleeced if he was grossing $90 - $100 Million per year AND earning most of that money as a California resident.

The really big fish free agents are not going to sign with the Blue Jays, and it has very little to do with Canada. It has everything to do with the fact that the Blue Jays play home games on artificial turf. Fake grass is fine when the stadium is also used for non sporting events, but it shortens careers.

 

[princekwekua]

I don't know mate - baseball initially had Trout at $500 M, now this - I would probably guess NFL ahead of the NBA. Either way - that will be the day .

The only player in NFL history with a guaranteed contract for the entire duration is Deshaun Watson. All other contracts have a guaranteed portion and the rest of the "huge" amount is just for show. The NFL is not getting to a billion dollar contract. Not in a billion years.

 

[princekwekua]

The deferral makes a lot of sense in Ohtani plans to live somewhere with low income tax rates after the playing contract expires. He'd get fleeced if he was grossing $90 - $100 Million per year AND earning most of that money as a California resident.

The Dodgers are based in California. So California taxes will de deducted at source whenever they pay him whether he is a resident or not

 

[tml]

I am reading that $680mil of the $700mil is deferred until after the contract expires. He will be earning $2mil a year for 10 years and then the remaining $680mil over then next 8 to 10 years afterwards. Not a bad retirement package.

Mario Lemieux had a similar contract with the Penguins. However, after ownership had a successful run the team declared bankrupcy. Lemieux was set to lose a ton of deferred money, and that's when he scrambled to find business partners to help him buy the team. Fortunately, it worked out well for Mario but it could have been a financial disaster.

 

[onomatopoeia]

According to a joke posted online, the Oakland A's offered Ohtani $1 per year for 700 Million years.