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The Hustle Daily Show
The Biggest Contract Ever, Deferred
Dec 13, 2023
Discussion on Shohei Ohtani's record-breaking $700 million baseball contract, Epic Games' victory in an antitrust case, Hasbro's job cuts, Sports Illustrated scandal, and Apple's new journal app. Exploring the concept of deferring payments in sports contracts, using examples of players like Bobby Bonilla and Max Scherzer. Impact and benefits of deferring payments, along with taxes and unpredictability of success in baseball.
16:07
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Quick takeaways
- Shohei Ohtani signed the biggest contract in baseball history but chose to defer 97% of it, sparking discussions about its worth and implications.
- Epic Games' victory in their antitrust case against Google highlights the implications for the app store ecosystem and payment processing in-app purchases.
Deep dives
Shohei Otani signs historic contract in the world of baseball
Shohei Otani recently signed a groundbreaking contract with the LA Dodgers worth $700 million over 10 years, making it the biggest contract in baseball and American sports history. However, Otani has chosen to defer a large portion of his earnings, receiving $68 million per year from 2034 onwards. This unique contract has sparked discussions about its worth, the reason behind the deferral, and its implications for the wider world of sports.
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