A Unique, Record-Setting Contract for the Biggest Name in Baseball
December 13, 2023
The biggest name in Major League Baseball has made his decision. Shohei Ohtani, the reigning American League Most Valuable Player, has signed with the Los Angeles Dodgers for $700 million over 10 years.
The contract is record setting in its size and, as more details become available, also rather unique. Of the $70 million he will be paid per year, Ohtani will defer $68 million until after the completion of the contract.
Sports economist and professor in Drexel University’s LeBow College of Business, Joel Maxcy, PhD shared his insight into the record-setting contract of the biggest name in baseball and the unique structure of MLB deferred salary contracts.
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