Shohei Ohtani’s contract with the Los Angeles Dodgers is a 10-year deal worth $700 million, signed ahead of the 2024 season. A large portion of the contract is deferred, with roughly $680 million deferred to be paid in installments after 2034, resulting in a current annual cash flow of about $2 million per year through 2033. Beginning in 2034 through 2043, the deferred amounts are paid out as roughly $68 million per year, dramatically increasing his earnings in the later years. This structure means his average annual value (AAV) is lower in the early years and spikes with the deferred payments in the back half of the contract. The deal is notable for its combination of elite hitting and pitching value, as well as its tax-advantaged, deferral features.

Key points you may want to know:

• Total value: $700 million over 10 years.

• Immediate cash during 2024–2033: about $2 million per year due to deferral.

• Deferred portion: about $680 million, paid from 2034–2043 at roughly $68 million per year.

• Notable context: the contract set a new benchmark for sports economics and includes tax-advantaged, deferred compensation structures.

If you’d like, I can pull the latest detailed analyses or compare Ohtani’s deal to other large MLB contracts to show how the economics break down in present value terms.