Ohtani to the Blue Jays? (Update: Signs w/Dodgers for $700 million over 10 yrs)

[Just Regular]

Also, I guess this news explains why Shohei didn't get "Xander-silly" years.     

Last year's fashion might have been just to make it 15/700 at the ~46-47-ish AAV.

Scott Boras' comments should be good.

[NCRaven]

Ohtani is another Tiger Woods.  I'm sure he makes huge bank in endorsements.  Tiger made far more money from Nike and appearance fees in overseas tournaments than he ever did on the PGA tour.

[ChosenOne21]

17 minutes ago, Can_of_corn said:

It was.  It's allowed.

It shouldn't be

[Can_of_corn]

5 minutes ago, dystopia said:

Can someone smarter than me explain this?

Future money is worth less than present money,

Think about the Lotto, you take a lump sum you get a lot less than if you get it over 20 years.

They decided that 680 million paid out from 11-20 years from now is worth the lower amount.

[Can_of_corn]

1 minute ago, ChosenOne21 said:

It shouldn't be

That's an opinion.  I don't agree.

[Sports Guy]

8 minutes ago, dystopia said:

Can someone smarter than me explain this?

Money now is worth more than money later 

[Moose Milligan]

5 minutes ago, ChosenOne21 said:

It shouldn't be

Hard disagree. 

[24fps]

1 hour ago, Moose Milligan said:

True. I can’t see Ohtani becoming a “Florida man” though. 

South Dakota doesn't, Alaska doesn't, Nevada doesn't... plenty of cool, cosmopolitan places for Ohtani to kick back and put down roots after he hangs 'em up.

[24fps]

1 hour ago, Can_of_corn said:

All of this content will be a useful resource when the O's are trying to get under the cap.

Think of how much more JA could pocket if he could figure out how to get the pre-arb, league minimum guys to go for this plan.  I can see the wheels turning already.

[SteveA]

All the talk in this thread is how good this is for the Dodgers.   Which I agree with.   But the reports I am reading say that the massive deferral was Ohtani's idea from the get-go, and that he also brought it up in negotiations with other teams besides LA.

[SteveA]

1 hour ago, Sports Guy said:

Othani gets to avoid the Newsome tax too.

Just can't resist giving the middle finger to the rules and injecting politics into discussion can you?  I'm sure you are patting yourself on the back for your cleverness.

[Satyr3206]

6 minutes ago, SteveA said:

All the talk in this thread is how good this is for the Dodgers.   Which I agree with.   But the reports I am reading say that the massive deferral was Ohtani's idea from the get-go, and that he also brought it up in negotiations with other teams besides LA.

Personally I think he wants to win. He has plenty of money and it's time for a WS trophy.

[Sports Guy]

14 minutes ago, SteveA said:

Just can't resist giving the middle finger to the rules and injecting politics into discussion can you?  I'm sure you are patting yourself on the back for your cleverness.

Pointing out the obvious isn’t clever. It’s just obvious.

(this actually may not be true either..may be subject to their ridiculous taxes anyway)

Edited December 12, 2023 by Sports Guy

[24fps]

State taxes play out in another way as well.  I'm not sure of the specifics, but every state with an income tax that Ohtani plays in has a fractional claim on his income for the time he spends "working" (playing professional baseball) in that state.  If that fraction is calculated on $2 million instead of $70 million I can see that leading to some angry state legislatures with taxing authority looking for restitution. 

[Hank Scorpio]

https://fred.stlouisfed.org/series/QTAXTOTALQTAXCAT3CANO
 

10 years from now??? Oof… good luck with all that.