Sarah Wexler, reporting for MLB.com:1
After a fervent sweepstakes, reigning American League Most Valuable Player Shohei Ohtani has agreed to terms with the Dodgers on a record-demolishing 10-year, $700 million deal, according to his agent, Nez Balelo.
This is incredible, ridiculous, and frustrating.
Incredible
No free agent in any sport has ever received a contract worth this much. It’s a huge play by the Dodgers, and a windfall for Ohtani who definitely has nothing to worry about financially. Time will tell whether the deal is good when considering Ohtani as a player long-term, but as a move they can leverage as marketing it’s likely going to pay for itself rapidly. Ohtani is a superstar across the world, particularly in Japan and the United States. Between the merchandise the Dodgers will sell and the butts in seats they’ll get even in the next two seasons, I have to imagine they know it’s worth the investment. If they can make some deep playoff runs, that’ll do even more.
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