Current:Home > MarketsWhy Shohei Ohtani will be worth every penny of $700 million contract for Los Angeles Dodgers -Triumph Financial Guides
Why Shohei Ohtani will be worth every penny of $700 million contract for Los Angeles Dodgers
View
Date:2025-04-17 17:25:01
Come on, you didn’t really think the Los Angeles Dodgers were going to let Shohei Ohtani get away, did you?
The Dodgers have been talking about Ohtani for years, waiting for the day he’d become a free agent, and on a team already filled with stars, they’ve now got the biggest in the baseball world.
Ohtani is officially a Dodger, signing a staggering 10-year, $700 million contract Saturday, making Dodger Stadium the happiest place on earth and Ohtani the richest athlete in North American sports history.
“I pledge to always do what’s best for the team and always continue to give it my all to be the best version of myself," said Ohtani, who broke the news of his own signing on Instagram. “Until the last day of my playing career, I want to continue to strive forward not only for the Dodgers, but for the baseball world."
Ohtani’s deal, paying him an average of $70 million a year, shatters every baseball contract ever given. It’s worth nearly twice as much as New York Yankees slugger Aaron Judge’s nine-year, $360 million contract a year ago, the previous record for a free agent deal.
HOT STOVE UPDATES: MLB free agency: Ranking and tracking the top players available.
The Dodgers privately have spent years talking about Ohtani brand, and just what it would mean for their glorious franchise.
Ohtani is basically Taylor Swift in baseball spikes.
Every Dodgers game will now be broadcast live in Japan. They will have billboards touting Ohtani all over Southern California. There will be lucrative Japanese advertising in the rotating signs behind home plate at Dodger Stadium. There will be sponsorships. Merchandise. Jerseys. Caps. Licensing. You name it, Ohtani will be on it.
Sure, $700 million is a lot of money, but you know what, Ohtani is going to be worth nearly $50 million a year to the Dodgers in marketing and licensing. Ohtani brought in $25 million a year to the Angels, and with the Dodgers, that should be doubled.
Ohtani already is making friends by letting everyone know that he’s deferring an “unprecedented" portion of his contract to provide the Dodgers enough flexibility to be competitive as possible and add even more stars, with the team still pursuing Japanese pitching sensation Yoshinobu Yamamoto.
"Shohei is thrilled to be a part of the Dodgers organization," agent Nez Balelo said in a statement. “He is excited to begin this partnership, and he structured his contract to reflect a true commitment from both sides to long-term success.’’
Ohtani’s decision not only has Dodgers’ fans running out to renew their season tickets, but thrills MLB, with the biggest star in the game playing in the second-largest market in America. Nothing against Toronto, perhaps the most beautiful city in North America, but this is where Ohtani belongs.
The Dodgers are the best-run organization in baseball. They’ve dominated the National League West for 11 years, and should continue to do for at least another decade.
They now have three of the biggest stars in all of baseball with Mookie Betts, Freddie Freeman and Ohtani, winners of five MVP awards.
They will be must-watch TV, the greatest traveling show in the game, with fans flocking wherever they go.
And sure, the critics already are out there.
Who in their right mind would spend $700 million on a DH with no guarantee that Ohtani will pitch again?
Ohtani plans to be back in 2025, but he missed nearly two full seasons after his first Tommy John surgery, and now he’s five years older.
No matter.
The guy can still hit, and he’s the easily the greatest attraction in the game, where he’ll generate more money than any player who ever put on a baseball uniform. He earned $40 million in endorsements playing for the Los Angeles Angels a year ago. The next highest? Mike Trout at just $5 million.
Yep, he has that kind of appeal, and Ohtani realized that it made no sense leaving the comfortable confines of Los Angeles to go anywhere else.
Sure, maybe traffic will be a bit tougher if he continues to live in Newport Beach.
He’s got to get used to a lot more media filling that clubhouse than in Anaheim.
He’s going to have to talk to reporters more than once or twice a month.
But, finally, for the first time since coming to the United States, he will be on a winner.
Yes, an honest-to-god winning franchise that’s in the playoffs every year.
Welcome back home, Shohei.
You’re going to love life on the other side of town.
Follow Nightengale on X: @Bnightengale
veryGood! (26289)
Related
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- 2025 Nissan Kicks: A first look at a working-class hero with top-tier touches
- Hours late, Powerball awarded a $1.3 billion jackpot early Sunday. Here's what happened.
- Jax Taylor and Brittany Cartwright Reunite at Their Son Cruz's 3rd Birthday Party Amid Separation
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
- Semiautomatic firearm ban passes Colorado’s House, heads to Senate
- Colts sign three-time Pro Bowl DT DeForest Buckner to hefty contract extension
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Brittney Griner and Cherelle Griner Expecting First Baby Together
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- 4 people dead after train crashes into pickup at Idaho railroad crossing, police say
- Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
- Pilot using a backpack-style paramotor device dies when small aircraft crashes south of Phoenix
- What do we know about the mysterious drones reported flying over New Jersey?
- Military marchers set out from Hopkinton to start the 128th Boston Marathon
- Caitlin Clark college cards jump in price as star moves from Iowa to the WNBA
- Hours late, Powerball awarded a $1.3 billion jackpot early Sunday. Here's what happened.
Recommendation
Tom Holland's New Venture Revealed
The Latest | World leaders urge Israel not to retaliate for the Iranian drone and missile attack
LIV Golf Masters: Results, scores leaderboard for LIV tour as DeChambeau finishes top 10
Fashion isn’t just for the eyes: Upcoming Met Gala exhibit aims to be a multi-sensory experience
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
How big is the Masters purse, and how much prize money does the winner get?
Taylor Swift says Ryan Gosling, Emily Blunt's 'All Too Well' cover on 'SNL' was 'everything'
Chase Elliott triumphs at Texas, snaps 42-race winless streak in NASCAR Cup Series