REVEALED: Shohei Ohtani ‘will defer $680MILLION of his $700m LA Dodgers contract until AFTER the deal finishes’ – meaning he will only be paid $2m-a-year for the next 10 seasons
- Shohei Ohtani stunned the world this week when he signed a $700 million contract
- It has now emerged that he will receive $680 million of this after he turns 39 years old
- DailyMail.com provides all the latest international sports news
Shohei Ohtani will defer an eye-watering $680 million of his $700 million Los Angeles Dodgers deal and receive just $2 million per year, according to a new report.
Ohtani's mega-cash move across LA from the Angels to the Dodgers stunned the baseball world this week, with the Japanese two-way sensation signing a 10-year deal with unprecedented money.
But incredibly, it looks like he won't see most of his money for at least the next decade ESPN's Jeff Passan reported that $680 million of the deal will be deferred until after the contract expires.
That means the 29-year-old Ohtani will receive $2 million per year for the next 10 seasons before receiving $68 million per year between 2034 and 2043, when he is in his 40s.
Several reports claim that the Dodgers' decision allows them to lower his “average annual value” (or AAV) from $70 million to $46 million, meaning they can put better players around him and improve their chances at the World Series can enlarge.
Shohei Ohtani signed an incredible 10-year contract worth $700 million with the LA Dodgers this week
The Japanese two-way sensation won't be getting paid the bulk of it for the next decade
Newspapers with news of Ohtani's move will be distributed to readers in Japan on Sunday
The contract is unprecedented in Major League Baseball history and has drawn heavy criticism from fans, who are baffled by the incredible sums of money being thrown at the Japanese star.
Some have even argued that MLB should take action and terminate Ohtani's contract, but ESPN's Passan confirmed there's no chance of that happening.
There is even a specific clause in the collective bargaining agreement stating that there are “no limitations on the amount of deferred compensation or on the percentage of total compensation.”
Earlier on Monday, it was claimed that the Toronto Blue Jays had reportedly made an offer to Ohtani in the “same financial range” as the offer the Japanese sensation accepted over the weekend.
Ohtani will receive $2 million per year for the duration of his contract, after which he will receive $680 million
Before Ohtani's deal, his ex-teammate with the Angels – Mike Trout (L) – was the highest-paid star
Ohtani's deal shattered the Major League Baseball record, held by now ex-Angels teammate Mike Trout.
Blue Jay's exact final offer is unknown and when Toronto found out it would not sign the 29-year-old is also unclear. per Sportnet.
Trout's 12-year, $426.5 million contract, which added two years and a huge raise to a current deal in 2019, was eclipsed by Ohtani's record-breaker for an amount that would have exceeded the 17th most lucrative deal in history. MLB History.
To be in the same financial ballpark as the Dodgers' deal means the Blue Jays' best effort would have had to be well over $600 million. That's a staggering figure for the only non-American MLB franchise.