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Ohtani Shohei to join LA Dodgers on 10-year, $700-million contract

Dec 10, 2023 | News On Japan

Dec 10, 2023 (ESPN) - Shohei Ohtani signed a historic 10-year, $700 million contract with the Los Angeles Dodgers on Saturday. Ohtani posted to Instagram on Saturday saying he would play for his former team's crosstown rival starting next season after spending six seasons with the Los Angeles Angels.

The contract is the largest in baseball history by more than $250 million, topping the 12-year, $426.5 million deal that now-former teammate Mike Trout signed in 2019. The $70 million average annual salary also easily eclipses the previous record of $43.3 million for Justin Verlander and Max Scherzer and is more than the 2023 Opening Day payrolls of the Baltimore Orioles ($60.9 million) and the Oakland Athletics ($56.9 million).

The deal does not include any opt-outs, a source told ESPN. Another source said "the majority" of Ohtani's salary will be deferred in order to mitigate what the Dodgers are charged toward their competitive balance tax payroll on a yearly basis, giving them more freedom to add to their payroll over the life of Ohtani's contract. The deferrals, according to the source, were Ohtani's idea. ...continue reading

Source: ANNnewsCH

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