$1 billion boon? How Shohei Ohtani’s contract could make Dodgers MLB financial kings
1 year ago

$1 billion boon? How Shohei Ohtani’s contract could make Dodgers MLB financial kings

LA Times  

There is an old saying in business that you need to have money to make money. Because this has never been done.” Complete coverage: Shohei Ohtani signs record deal with Dodgers Shohei Ohtani, baseball’s top free agent, agrees to a $700-million deal with the Dodgers. “This may be close to an $800 million to $1 billion gain for the Dodgers over a decade,” the agent said, noting that if the team were to simply take the $680 million in deferrals and invest it — say, with an asset management firm like Guggenheim Partners, which is run by Dodgers owner Mark Walter — then the money could more than double in a decade’s time. This accomplished both.” Still, what has become clear since Ohtani’s signing: He offered the Dodgers an exceedingly club-friendly structure, one that could present a money-making opportunity even with its record-breaking price tag. A “roller-coaster” of emotions, as the Dodgers’ president of baseball operations described it, followed on Dec. 8, when false reports of Ohtani traveling to Toronto to sign with the Blue Jays circulated on social media.

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