In December 2023 Japanese baseball player Shohei Ohtani signed a 10-year, $700 million contract with the Los Angeles Dodgers, the largest payday in sports history up to that time. In an unusual arrangement, Ohtani deferred payment of $680 million until 2034, so that his annual salary is only $2 million per year. He will then be paid $68 million annually from 2034 through 2043. This structure allows the Dodgers to sign more high-value players, thereby increasing their chances of competing to win the World Series, for the duration of Ohtani’s contract.
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