Zolak & Bertrand React to Shohei Ohtani’s Historic Contract Setup
On Tuesday’s edition of Zolak & Bertrand, the show reacts to Shohei Ohtani’s historic contract setup, as the Japanese pitcher is set to defer $68 of $70 million dollars per year for the next 10 seasons.
Not only is it legal, it’s allowed…
Bertrand: Shohei Ohtani is signing with the Dodgers for $700 Million, which we talked about in passing a little bit yesterday. Then we found out yesterday afternoon he’s going to defer $68 of the $70 million each year of the contract. He is going to have a base salary of $2 million per year during his contract with the Dodgers. Does that not sound like the most insane thing you’ve ever heard?
Zolak: I’m like holy crap while reading it. You know, when this first broke yesterday we knew he was going to the Dodgers. But the fact that you could defer that type of money and want to do it to help bring other players in, it’s really like the true unicorn. Good for the Dodgers, like bravo. If you think, okay we’re going to risk it all because we’re going out to get the modern day Babe Ruth.
We don’t know how the arm is going to hold up. We know he can hit. Still don’t know if he’s going to be the same type of pitcher. But you’re rolling the dice because of the monetary value that you’re going to get on the return of this guy. We sit here and we look at the Bobby Bonilla thing, like it’s,” Hey it’s Bobby Bonilla day.” It’s going to be Shohei Ohtani Day, which is great.
Bertrand: Yeah.
But still, I mean, it gives you the ability to go on the strike because you feel our time is now. You know, we’re going to get the unicorn and we’re loading up now and you’re going to have to pay the receipts at some point. That all comes due as you do with credit cards and you got interest rates and all that. But good for the Dodgers. They found it, and good for Ohtani if, in fact, this is true that it’s being reported that he sort of spearheaded this and this was his idea. It’s fantastic. Not many teams will do it because of the money. It’s a lot of money to defer. That’s a big risk.
Bertrand: This is a deferment at the time of contract. Bobby Bonilla was a restructure, right?
Zolak: Yeah.
Bertrand: Right at the end?
Zolak: Yeah.
Bertrand: I mean, deferments and contracts when they’re signed is not unusual. Manny Ramirez has deferred money with the Red Sox.
Milliken: Devers has 75 on his deal.
Bertrand: 75 million on a deal that was signed a year ago for Devers. Chris Sale has deferred money with the Red Sox right now. You look at a lot of the big picture signings over the last several years. The last decade, pitchers have had deferred money. No one has gone to this extreme, though. No one has exploited it to this degree, which is what is happening with this contract and, not only is it legal, it’s allowed.