Shohei Ohtani To Defer $680M In Dodgers Deal
Posted: Tue Dec 12, 2023 5:40 am
Shohei Ohtani\'s historic contract with the Los Angeles Dodgers will see him defer $68 million of his annual $70 million salary, sources familiar with the deal said Monday, significantly lowering his new team\'s payroll and potential tax burden.
The Dodgers announced Monday they had signed the two-time MVP, after Ohtani had agreed Saturday to a 10-year, $700 million contract, by far the richest in the history of North American professional sports. A source said then that the majority of the contract would come in deferred money; under this structure, however, Ohtani is deferring more than 97% of his earnings. The deferred money -- totaling $680 million -- will be paid to Ohtani between 2034 and 2043, a source said.
Via ESPN.com