- Start
- Dec 9, 202390% CONFIDENCEfrom the source
- End
- Dec 31, 203390% CONFIDENCEfrom the source
Shohei Ohtani Agrees a 10-Year, $700 Million Dodgers Contract
- On Saturday 9 December 2023 Shohei Ohtani announced on Instagram that he had chosen the Dodgers, agreeing to a 10-year, $700 million contract, the largest in baseball history by more than $250 million[1]
- It topped Mike Trout's 12-year, $426.5 million extension and Patrick Mahomes' $450 million deal as the biggest in North American pro sports; the $70 million average beat the previous MLB record of $43.3 million[1]
- There are no opt-outs; the deferrals were Ohtani's idea, to leave the Dodgers payroll room under the competitive-balance tax[1]
- He defers $68 million of the $70 million average, so he earns $2 million a year ($20 million) during the 10 years; the $680 million deferred is paid from 2034 through 2043[2]
- Because of the deferrals the contract's present value is about $460 million, a tax payroll hit of roughly $46 million a year[2]
- Ohtani wrote 'I apologize for taking so long to come to a decision'; the Dodgers had not yet announced the deal when ESPN published[1]
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- [1]90%espn.com/mlb/story/_/id/39076745/shohei-ohtani-join-dodgers-10-year-700m-dealespn.com· Posted Oct 3, 2026· Starts Dec 9, 2023 ✓· Ends Dec 31, 2033 ✓· 98% of score
ESPN (9 December 2023): Ohtani 'agreed to a 10-year, $700 million contract with the Los Angeles Dodgers on Saturday, announcing his decision on his Instagram page'. A 10-year deal from 2024 runs through the 2033 season; the period end is taken as 1 January 2034 (derived), with deferred payments running 2034 to 2043 per MLB.com[2].
- [2]92%Shohei Ohtani's Dodgers deal and deferred money, explained - MLB.commlb.com· Published Dec 12, 2023· 2% of score
MLB.com: Ohtani defers $68 million of his $70 million average, earning $2 million a year ($20 million) during the contract; $680 million is deferred and paid 2034 to 2043; present value about $460 million, a roughly $46 million yearly tax hit.
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