Shohei Ohtani explained that his choice to defer most of his record-breaking contract with the Los Angeles Dodgers was to support their success in Major League Baseball.
The 29-year-old from Japan agreed to carry over $680 million (£541 million) of his massive $700 million (£557 million) 10-year deal. He’ll receive $2 million (£1.6 million) annually until 2034, at which point he’ll earn $68 million (£54 million) per year until 2043. This deferral scheme allows the Dodgers more financial flexibility within the MLB salary cap regulations.
In a statement on Thursday, Ohtani stated, “Upon careful consideration and calculations, I realized that deferring as much money as possible could aid the Dodgers in signing higher-caliber players, ultimately improving the team. I deemed it worthwhile to move in that direction.”
He emphasized his alignment with the Dodgers, sharing their values and aspirations for success. Despite facing new challenges as part of the Dodgers, he expressed readiness for the journey ahead.
Ohtani transitioned to the Dodgers in a historic deal after his contract with the Los Angeles Angels concluded. The two-time American League Most Valuable Player, who clinched the title with the Angels in 2023, reportedly earns around $50 million (£40 million) yearly through endorsements and off-field ventures.
While adept in both batting and pitching, Ohtani won’t be able to pitch for the Dodgers in 2024 due to surgery to repair a torn ligament in his right elbow, similar to a previous operation in 2018. He clarified that this year’s surgery differed significantly from the first one.
Despite this setback, Ohtani is confident about being fully prepared for the Dodgers’ 2024 season opener on March 20 against the San Diego Padres, a landmark regular-season MLB game in South Korea.
