Baseball fans SLAM Shohei Ohtani’s ‘league-killing deal’ after it was revealed he will defer $680m of his eye-watering $700m contract… as rival supporters blast MLB’s ‘downright laughable’ decision to give green light | Daily Mail Online
By Jake Fenner For Dailymail.Com
Published: 23:39 EST, 11 December 2023 | Updated: 00:11 EST, 13 December 2023
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- Ohtani’s deal will see the bulk of the contract paid out after it ends in 10 years
- Baseball fans were irate at the structure and that it was allowed to happen
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The Dodgers must have channeled their inner Bill Belichick. This will get everyone’s shorts in a knot. Especially the politicians and bureaucrats in the Pepuls Republik of Kaliforkneeah. That’s a lot of money they can’t steal. And it’s a big risk to take on the financial stability of the Dodgers and the future value of the USD. Wonder what kind of Futures Contract he’s buying to protect it.
While I understand the motivations behind “stretching the rules”, it’s NOT without some significant risks IMHO.
It violates my favorite heuristic (rule of thumb; “common sense”; pov) that one should always “take the money and run”.
It’s not beyond the imagination to conceive of the politicians and bureaucrats of the Pepuls Republik of Kaliforkneeah creating a special income tax rule for “deferred compensation”. Watch for it!
AND, inflation AKA dollar depreciation is for SURE to erode that deferred wealth.
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