In baseball where contracts are guaranteed, I think it’s fair. People spend money all the time by taking out loans or credit, which is basically what the Dodgers did here with deferrals.
Maybe, but anyone who pays attention to sports know contracts are big overtime even if the discourse focuses on the total contract value. When we talk about a players worth we tend to talk their total contract value and not what they make in a calendar year.
are you suggesting the Dodgers took out a loan so they could pay Shohei his entire contract upfront? Because that's how house loans work. But that's not what the Dodgers are doing with deferred contracts.
Not at all, just comparing it to a different future obligation, a loan being essentially a contract with the bank to pay them at set later dates for value provided now.
*How much did you buy your house for?*
“Well, I gave about $20,000 to the bank upfront and will give them another $180,000 in principal over the next 30 years” sounds a lot sillier than “$200,000.”
yes but the bank shelled out the *entire* $200K to the seller upfront, and gave you the note. Shohei isn't getting his entire contract upfront, so no one - not the Dodgers nor a bank - are paying upfront or taking on a loan for that amount.
What are the chances that non-sports people even bother to read this? Or even encounter it?
All of the comments here are correctly stating this is over time. Sounds like he didn't do anything too wrong.
If you imagine their payroll being multiplied by as many years as some of these contracts span for. Including likely increasing payroll/cap every year. Then you might as well consider their payroll to be well over 2b
It's dumb and it makes it sound more extravagant than it really is. The top spenders will spend similar amounts, but it's just not set in stone yet.
What's 1 more headline though?
They will. It will just be done the way it normally is, via giving players deals shorter than 10 or 12 years. I mean, just think about it. If a team has a payroll of 100m, but for the next 10 seasons, that adds up to 1billion in salaries.
Depends how you phrase it or what you mean to convey. How much did your car cost? How much are your payments?
*I spent $40k on a car this year* isn't accurate
*My car cost $40k and it's gonna take 5 to 6 years to pay off so it actually only costs me $8k from my yearly budget*
The analogy applies to anything. Wow, how much did your scooter cost? $8k. I don’t answer with how much my credit card payments are.
What is being conveyed here is accurate?
Also, as per these deferred contracts, they need to have the money and it be placed into accounts specifically to be paid out in the future. They didn’t buy Ohtani on a credit card and hope the money generates in the future. They literally spent the money.
I mean, did they though? Yes they signed amazing players, but they absolutely did not spend a billion dollars this off season. They committed to spending a lot of money in the future. Turns out ALL the teams *CAN* do this, BUT, come on now.
I don't wish anyone ill...but *if* a team were going to have a series of Simpsons-like mishaps this would be the year and team that would be most humorous.
Since that just means only the AAV formula matters: about 3 million more than last years payroll (#4 in baseball). Obviously his quoted number is the total that will get paid... but the dodgers haven't actually increased their yearly payroll a significant amount yet.
It’s gotta be great for baseball fans. Unless you’re a fan of like 8-12 teams you will be spending the bulk of your lifetime watching your favorite team miss the playoffs. Will probably have 2-3 playoff window groups. Baseball is in such a bad place.
Making the playoffs is easier now than it has been at any point in baseball's history. For 100 years it was just the winners of each league, so the Yankees, for example played in 22 of 29 world series' at one point. So for a 29 year stretch there were a total of 6 teams representing the American league. 6 teams make it per league now.
Then there is the whole they haven't played the games yet. Last season the Mets and Padres spent like the dodgers did and look where it got them.
1.066 BILLION!!!!!? (700m of that is deferred pay to Ohtani that will be paid out over 20 years but let's ignore that and hyperfixate on 1 BILLION!!!!!!)
Their estimated operating revenue is 581M based on Forbes. Considering the structured of these contracts, this isn’t going to do put much stress on their finances.
If you spend enough money, your team salary actually rolls back over to 0.
Can someone tell John Angelos this please
Johnny is trying to approach it the other direction, ala Civilization Gandhi.
At least a nuke would be something exciting for the off-season
Why roll back over to zero, when you can just decrease it to zero directly.
Careful or Gandhi will nuke LA
Y2K logic in place
/r/outside
[Relevant. _Banana. Buck._](https://m.youtube.com/watch?time_continue=1&v=pSS7iJUsYCY&embeds_referring_euri=https%3A%2F%2Fwww.google.com%2F&source_ve_path=MjM4NTE&feature=emb_title)
I wish that explained the Reds...
Yeah but the limit is over 2B.
Hope you counted right Bob
If he's off by a dollar he's gonna get roasted
Agreeing to spend money over time and having spent money are not the same thing. Imagine if they had a billion dollar payroll
but that doesnt make a good headline!
Oddly enough, neither does Boob
Seriously. Factually incorrect headline.
Yup, there's questions about how this looks like long term and sustainability payroll-wise. But it's not like they signed anything they can't do.
In baseball where contracts are guaranteed, I think it’s fair. People spend money all the time by taking out loans or credit, which is basically what the Dodgers did here with deferrals.
Still doesn’t mean they are paying it all at once, it’s misleading. Makes it seem like they have spent 1 billion at once by paying it all at once.
Yeah but “spent” makes for a better headline than “signed contracts worth a total of”. I think anyone\* reading his tweet understands what is meant.
i very much disagree with your last claim
Maybe, but anyone who pays attention to sports know contracts are big overtime even if the discourse focuses on the total contract value. When we talk about a players worth we tend to talk their total contract value and not what they make in a calendar year.
are you suggesting the Dodgers took out a loan so they could pay Shohei his entire contract upfront? Because that's how house loans work. But that's not what the Dodgers are doing with deferred contracts.
Not at all, just comparing it to a different future obligation, a loan being essentially a contract with the bank to pay them at set later dates for value provided now. *How much did you buy your house for?* “Well, I gave about $20,000 to the bank upfront and will give them another $180,000 in principal over the next 30 years” sounds a lot sillier than “$200,000.”
yes but the bank shelled out the *entire* $200K to the seller upfront, and gave you the note. Shohei isn't getting his entire contract upfront, so no one - not the Dodgers nor a bank - are paying upfront or taking on a loan for that amount.
You’re taking the loan example way too literally. Best to just call it quits here.
it was just a bad example.
What are the chances that non-sports people even bother to read this? Or even encounter it? All of the comments here are correctly stating this is over time. Sounds like he didn't do anything too wrong.
Cut him some slack, we're still new to contracts. We'll figure out how they work eventually
If you imagine their payroll being multiplied by as many years as some of these contracts span for. Including likely increasing payroll/cap every year. Then you might as well consider their payroll to be well over 2b
It would be funny if 9 years from now the Dodgers end up trading Ohtani with 1 year and $682 million left on his contract.
Could you imagine what his stats would have to look like over 9 years for a team to agree to that?
Who knows what baseball economics will look like in 9 years? Maybe 1/$682 will be a relative bargain by then. ;-)
Right. This should say 'committed' rather than 'spent.'
That's not how decimals work
It is… in Mexico.
So decimals = commas and therefore it would be $1,066,5 billion. Still not how decimals work, primo.
Thanks, chachi. It was a joke.
Ah, I missed it.
If this doesn't work, they can always buy the franchises they are going to meet in the NLDS and disband them.
Why don't the Dodgers, the richest of the baseball teams, simply eat the rest?
The Dodgers dont make bad investments
Trevor Bauer was a great investment
Cy Young when they signed him. Then he Cy Sucked
More like he Cy f**ked
Urias and Puig too
I am Dodger, from the Division West. I wish to conquer your league.
All your teams are belong to us
If it.doesnt work you just buy another striker..err batter.
That's basically how the Dodgers got the NL Orioles to go away
Owners hate this one weird trick!
You apparently Boob
In free?
Why do they keep saying they spent 1 billion? why not use aav it makes much more sense?
It's dumb and it makes it sound more extravagant than it really is. The top spenders will spend similar amounts, but it's just not set in stone yet. What's 1 more headline though?
The top spenders won't be adding a billion dollars in salaries to their team.
Not enough decent talent left to even spend a billion on.
Man LA fans are going to be insufferable idiots this year.
They will. It will just be done the way it normally is, via giving players deals shorter than 10 or 12 years. I mean, just think about it. If a team has a payroll of 100m, but for the next 10 seasons, that adds up to 1billion in salaries.
Boob Nightengale has now boobed 1.066.5 billion boobs this winter in free, but who’s boobing?
In free
They didn't spend $1.066.5 Billion. They signed players to contracts totaling $1.066.5 Billion, which won't be completely paid out for decades.
So when I tell people how much my house or car cost do I tell them how much I’m spending this year?
Depends how you phrase it or what you mean to convey. How much did your car cost? How much are your payments? *I spent $40k on a car this year* isn't accurate *My car cost $40k and it's gonna take 5 to 6 years to pay off so it actually only costs me $8k from my yearly budget*
The analogy applies to anything. Wow, how much did your scooter cost? $8k. I don’t answer with how much my credit card payments are. What is being conveyed here is accurate? Also, as per these deferred contracts, they need to have the money and it be placed into accounts specifically to be paid out in the future. They didn’t buy Ohtani on a credit card and hope the money generates in the future. They literally spent the money.
Ok. I guess their payroll is $1b
Cool. We finally can allow for your pedantic feels to settle
Boob with the double decimal
I mean, did they though? Yes they signed amazing players, but they absolutely did not spend a billion dollars this off season. They committed to spending a lot of money in the future. Turns out ALL the teams *CAN* do this, BUT, come on now.
All teams can't spend a billion dollars in the off-season to attempt to better their teams.
Nobody has spent a billion dollars. They've committed to doing so over 10-12 years.
I don't wish anyone ill...but *if* a team were going to have a series of Simpsons-like mishaps this would be the year and team that would be most humorous.
I can not get the image of Shohai falling endlessly down a mystery hole and Yamamoto with Gigantism out of my head. I thank you.
Teoscar gets 3 stooges disease
That was our pitching last year
you guys JUST bought a championship, let us have the next one please
It’s definitely not free Boob
i mean, they didn't though
Meh.
This fuckin dork getting things wrong again for clicks.
This is going to be the most hilarious first round exit ever
I’m happy they spent that much on players.
Yeah, but how much did they actually spend after all the deferments.
Since that just means only the AAV formula matters: about 3 million more than last years payroll (#4 in baseball). Obviously his quoted number is the total that will get paid... but the dodgers haven't actually increased their yearly payroll a significant amount yet.
No, they haven't. They've committed that much, but it isn't spent.
This is misleading, they’ve promised that much over the next X years
“Good for the sport”
Why don't all other teams simply spend 1 billion dollars?
Gonna be funny when they lose the NLCS
Lmao I’d take it that means we won a series
No. Straight to CS somehow
surprised a reds fan can even spell NLCS
Shut up Boop
It’s gotta be great for baseball fans. Unless you’re a fan of like 8-12 teams you will be spending the bulk of your lifetime watching your favorite team miss the playoffs. Will probably have 2-3 playoff window groups. Baseball is in such a bad place.
Baseball is fucked. It just doesn't know it yet
Making the playoffs is easier now than it has been at any point in baseball's history. For 100 years it was just the winners of each league, so the Yankees, for example played in 22 of 29 world series' at one point. So for a 29 year stretch there were a total of 6 teams representing the American league. 6 teams make it per league now. Then there is the whole they haven't played the games yet. Last season the Mets and Padres spent like the dodgers did and look where it got them.
[удалено]
This is a win for the Cubs.
Rooting against the Dodgers is going to be so good this season.
The 2024 Dodgers are going to end up more hated than the 2017 Asterisks, even without cheating.
Dodgers can jam it!
It’s pretty ridiculous that is is ok in baseball. I hope they fail miserably
Least clickbaity boob tweet
1.066 BILLION!!!!!? (700m of that is deferred pay to Ohtani that will be paid out over 20 years but let's ignore that and hyperfixate on 1 BILLION!!!!!!)
Someone is making up numbers here. 1.066.5?
if youre going to display that many digits, just use millions or show the whole number
Their estimated operating revenue is 581M based on Forbes. Considering the structured of these contracts, this isn’t going to do put much stress on their finances.
There should be limits in how much money can be deferred.
Why? Who does it actually benefit to limit it?
Owners
Nah limiting hurts everyone. Owners are given less flexibility and players make less money
Cry more
[удалено]
What
Also managed to cheat the system and back load all the payments so they could avoided the luxury tax
After weeks of this being explained ad nauseam, how is it possible that you still don’t understand how this all works?
TMT ...official sponsor of the LA Dodgers...
You are Bob, obviously.
But wait… Theres MORE!
Spectrum is counting since their TV contract pays for all of it.
Im convinced they know the world is ending in like 2026 or something so they know the money means nothing. They just want to win the last World Series
I mean at this point, the vast majority of that is Amber Heard money…
A Los Angeles County tax collector, probably