Otani Shocks the World with $700 Million Deal: Is Baseball the New King of Sports?

This is the largest contract in the history of American sports, and perhaps the largest contract in the world ever

by Sededin Dedovic
Otani Shocks the World with $700 Million Deal: Is Baseball the New King of Sports?
© John McCoy / Getty Images

Superstar Shohei Otani signed a record 10-year, $700 million contract with the Los Angeles Dodgers. This contract exceeds the total earnings of LeBron James and Michael Jordan combined and becomes the largest contract in the history of American sports.

Otani, considered the best baseball player in the world, has spent the past five years with the LA Angels, captivating fans with his dual talents as a pitcher and hitter. This new contract is $300 million more than the previous one.

The details of the contract are astounding. Otani will make a whopping $70 million per season, nearly double the $42.3 million he earned with the Angels. Otani expresses his sincere dedication to the team and his fans on social media.

"I promise to always do what's best for the team and to always continue to do my best to be the best version of myself. Until the last day of my playing career, I want to do my best, not only for the Dodgers, but for the world of baseball," wrote Otani.

MVP and winner of the World Championship

Otani's journey to baseball stardom began on July 5, 1994. Born to an athlete father and a badminton-playing mother, Otani's talent blossomed at a young age. He quickly developed into a two-way sensation, wowing crowds with his fastball and powerful bat.

His achievements speak for themselves. Otani was the unanimous MVP in 2021 and 2023, and finished second in 2022. He also achieved significant success on the international stage, winning gold with the Japanese national team at the World Championship.

While this contract is being touted as the largest in American sports, there is speculation that it may not be the largest globally. Football stars such as Lionel Messi and Kylian Mbappe are believed to have contracts of a similar size.

However, a closer look reveals a different story. Otani will be subject to various taxes, including a hefty federal tax of $25.9 million. Additionally, state taxes, government fees and other miscellaneous expenses will eat into his earnings, leaving him with roughly $33.6 million a year.

Otani's move to the Dodgers marks a new era for baseball. This is predicted to be a turning point in MLB's financial operations.