One thing is for sure: baseball just put their d*ck on the table.
This is a statement.
More than Mahomes ' $450 million.
Maybe more athletes will tryout for baseball now instead of just football.
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***2024 MLB Regular Season Thread***
Dec 9, 2023 at 8:28 PM
- TonyStarks
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Dec 9, 2023 at 8:30 PM
- GoreGoreGore
- 10HourChicken
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f**k u Shohei
Dec 9, 2023 at 8:31 PM
- GoreGoreGore
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Originally posted by TonyStarks:
One thing is for sure: baseball just put their d*ck on the table.
This is a statement.
More than Mahomes ' $450 million.
Maybe more athletes will tryout for baseball now instead of just football.
Baseball top contacts have always been the highest, at least the past 20-25 years
Dec 10, 2023 at 6:00 PM
- Ninerjohn
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Originally posted by GoreGoreGore:NBA top contracts have been higher than baseball in recent years. Until Ohtani that is. They all pale in comparison to what Ronaldo, Messi, and Neybar get for soccer though
Originally posted by TonyStarks:
One thing is for sure: baseball just put their d*ck on the table.
This is a statement.
More than Mahomes ' $450 million.
Maybe more athletes will tryout for baseball now instead of just football.
Baseball top contacts have always been the highest, at least the past 20-25 years
Dec 11, 2023 at 3:11 PM
- JustinMT
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Shohei Ohtani's $700 million contract calls for him to be paid only $2 million a year for the next 10 seasons, with $680 million deferred until the end of the deal, sources confirm to ESPN.
— Jeff Passan (@JeffPassan) December 11, 2023
The CBT hit on the contract is going to be around $46 million, a huge discount for L.A.
The structure of the deal, first reported by @FabianArdaya, is unprecedented. Multiple people involved have said Ohtani proposed the structure and that toward the end of negotiations he said he wanted to defer his salary. His off-the-field earnings are significant enough for it.
— Jeff Passan (@JeffPassan) December 11, 2023
[ Edited by JustinMT on Dec 11, 2023 at 3:16 PM ]
Dec 11, 2023 at 3:40 PM
- Phoenix49ers
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Originally posted by JustinMT:
Shohei Ohtani's $700 million contract calls for him to be paid only $2 million a year for the next 10 seasons, with $680 million deferred until the end of the deal, sources confirm to ESPN.
— Jeff Passan (@JeffPassan) December 11, 2023
The CBT hit on the contract is going to be around $46 million, a huge discount for L.A.
The structure of the deal, first reported by @FabianArdaya, is unprecedented. Multiple people involved have said Ohtani proposed the structure and that toward the end of negotiations he said he wanted to defer his salary. His off-the-field earnings are significant enough for it.
— Jeff Passan (@JeffPassan) December 11, 2023
Brilliant. He'll collect that money on the backend when he's done playing and won't be subject to California taxes. Meanwhile the Dodgers save tens of millions on their payroll each year.
Dec 11, 2023 at 3:45 PM
- 49erFaithful6
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Originally posted by Phoenix49ers:
Originally posted by JustinMT:
Shohei Ohtani's $700 million contract calls for him to be paid only $2 million a year for the next 10 seasons, with $680 million deferred until the end of the deal, sources confirm to ESPN.
— Jeff Passan (@JeffPassan) December 11, 2023
The CBT hit on the contract is going to be around $46 million, a huge discount for L.A.
The structure of the deal, first reported by @FabianArdaya, is unprecedented. Multiple people involved have said Ohtani proposed the structure and that toward the end of negotiations he said he wanted to defer his salary. His off-the-field earnings are significant enough for it.
— Jeff Passan (@JeffPassan) December 11, 2023
Brilliant. He'll collect that money on the backend when he's done playing and won't be subject to California taxes. Meanwhile the Dodgers save tens of millions on their payroll each year.
I wonder if CA would have a challenge, as he's earning from a CA organization, for work performed in CA
they have years of time to pass the necessary legislation lol..
Dec 11, 2023 at 4:40 PM
- JustinMT
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Originally posted by 49erFaithful6:
Originally posted by Phoenix49ers:
Originally posted by JustinMT:
Shohei Ohtani's $700 million contract calls for him to be paid only $2 million a year for the next 10 seasons, with $680 million deferred until the end of the deal, sources confirm to ESPN.
— Jeff Passan (@JeffPassan) December 11, 2023
The CBT hit on the contract is going to be around $46 million, a huge discount for L.A.
The structure of the deal, first reported by @FabianArdaya, is unprecedented. Multiple people involved have said Ohtani proposed the structure and that toward the end of negotiations he said he wanted to defer his salary. His off-the-field earnings are significant enough for it.
— Jeff Passan (@JeffPassan) December 11, 2023
Brilliant. He'll collect that money on the backend when he's done playing and won't be subject to California taxes. Meanwhile the Dodgers save tens of millions on their payroll each year.
I wonder if CA would have a challenge, as he's earning from a CA organization, for work performed in CA
they have years of time to pass the necessary legislation lol..
That and I'm curious if the MLB would allow this.
Dec 11, 2023 at 4:41 PM
- JustinMT
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Los Angeles Dodgers players, ranked in order of expected salary in 2024:
— Jeff Passan (@JeffPassan) December 12, 2023
1) Betts
2) Freeman
3) Taylor
4) Muncy
5) Heyward
6) Smith
7) Buehler
8) Kelly
9) Rojas
10) Yarbrough
11) Barnes
12) Gonsolin
13) Phillips
14) Graterol
15) Ferguson
16) May
17) Ohtani
Dec 11, 2023 at 4:57 PM
- NineFourNiner
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Hmm.. deferred income may still be income. Wonder if the deal provides that the dodgers will cover the tax burden pending distribution? I'm no tax expert.
Smart by them in that they can put some of the extra profits coming from Otani (ticket sales and merch) into an annuity to earn interest. IIRC, that's what the USFL did for Steve.
Smart by them in that they can put some of the extra profits coming from Otani (ticket sales and merch) into an annuity to earn interest. IIRC, that's what the USFL did for Steve.
Dec 11, 2023 at 5:20 PM
- SanDiego49er
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It was still earned in playing years in CA and will likely be taxed in CA. $700 million is too much for a baseball player. What a joke. If they want to be that dumb OK. But it's dumb.
Dec 11, 2023 at 5:46 PM
- Phoenix49ers
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Originally posted by NineFourNiner:
Hmm.. deferred income may still be income. Wonder if the deal provides that the dodgers will cover the tax burden pending distribution? I'm no tax expert.
Smart by them in that they can put some of the extra profits coming from Otani (ticket sales and merch) into an annuity to earn interest. IIRC, that's what the USFL did for Steve.
The assumption is that there's some sort of loophole that his advisors feel can be exploited, both with the MLB pay structure and when it comes to reducing or avoiding state taxes.
Originally posted by SanDiego49er:
It was still earned in playing years in CA and will likely be taxed in CA. $700 million is too much for a baseball player. What a joke. If they want to be that dumb OK. But it's dumb.
If it helps push the way towards an actual salary cap, I'm down.
Dec 11, 2023 at 6:04 PM
- fropwns
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Originally posted by Phoenix49ers:
Originally posted by JustinMT:
Shohei Ohtani's $700 million contract calls for him to be paid only $2 million a year for the next 10 seasons, with $680 million deferred until the end of the deal, sources confirm to ESPN.
— Jeff Passan (@JeffPassan) December 11, 2023
The CBT hit on the contract is going to be around $46 million, a huge discount for L.A.
The structure of the deal, first reported by @FabianArdaya, is unprecedented. Multiple people involved have said Ohtani proposed the structure and that toward the end of negotiations he said he wanted to defer his salary. His off-the-field earnings are significant enough for it.
— Jeff Passan (@JeffPassan) December 11, 2023
Brilliant. He'll collect that money on the backend when he's done playing and won't be subject to California taxes. Meanwhile the Dodgers save tens of millions on their payroll each year.
Some Bobby Bonilla s**t, but way more cash.
Dec 12, 2023 at 8:44 AM
- SanDiego49er
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Originally posted by Phoenix49ers:
The assumption is that there's some sort of loophole that his advisors feel can be exploited, both with the MLB pay structure and when it comes to reducing or avoiding state taxes.
If it helps push the way towards an actual salary cap, I'm down.
It sounds like they need one really bad.
Dec 12, 2023 at 12:27 PM
- GoreGoreGore
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Originally posted by SanDiego49er:
Originally posted by Phoenix49ers:
The assumption is that there's some sort of loophole that his advisors feel can be exploited, both with the MLB pay structure and when it comes to reducing or avoiding state taxes.
If it helps push the way towards an actual salary cap, I'm down.
It sounds like they need one really bad.
MLB is a joke. They desperately need a salary cap. It's basically the same teams every year that can compete. Then most of the league has a 1-2 year window and then they go back to sucking again for 10 years.