Shohei Ohtani Signs Historic $700 Million Deal with Dodgers, Shattering Records in Global Sports

Shohei Ohtani has signed a groundbreaking 10-year, $700 million deal with the Los Angeles Dodgers, a contract that shatters records across sports. The deal, announced officially by the Dodgers, is the largest in global sports history, surpassing the previous record set by soccer star Lionel Messi’s $674 million deal with FC Barcelona. In North American team sports, Ohtani’s contract outstrips Patrick Mahomes’ $450 million extension with the Kansas City Chiefs. In MLB, it breaks the previous record for a free-agent deal, which was set by Aaron Judge’s $360 million contract with the Yankees.

This historic agreement reflects Ohtani’s status as a once-in-a-generation talent, combining his extraordinary hitting and pitching skills. The two-way superstar, a two-time unanimous MVP and three-time All-Star, is expected to be a key asset for the Dodgers, despite needing to recover from surgery to repair his right UCL, which will prevent him from pitching in 2024. However, Ohtani will serve as the Dodgers’ designated hitter next season, providing significant offensive firepower alongside MVP candidates Mookie Betts and Freddie Freeman.

Ohtani’s contract includes “unprecedented deferrals,” a strategy designed by the player to give the Dodgers flexibility in managing the luxury tax and maintaining competitive resources for the team. This structure not only benefits the team’s financial situation but also aligns with Ohtani’s goal of long-term success and winning with his new team. The deferrals also offer tax advantages, further emphasizing his commitment to the Dodgers’ competitive future.

Ohtani’s contract solidifies his place as one of the most influential players in MLB history. Over six seasons with the Angels, he posted remarkable statistics both as a hitter and pitcher, including a .274 batting average, 171 home runs, and a 3.01 ERA with 608 strikeouts. His 2023 season was his most impressive at the plate, leading the AL in home runs, OBP, slugging, and WAR. His all-around ability is unmatched, and his presence will greatly enhance the Dodgers’ lineup in 2024 and beyond.

With Ohtani now off the market, the Dodgers can focus on filling other roster needs, particularly in their pitching staff. There are ongoing discussions and links to possible trade targets, including top pitchers like Corbin Burnes of the Brewers, Tyler Glasnow of the Rays, and Dylan Cease of the White Sox. With Ohtani’s addition, the Dodgers are poised for sustained success, but they will continue to seek moves that ensure they remain a competitive powerhouse in MLB.