apple.news
Yeah I read somewhere that he made $40 mil on endorsements last season so that obviously makes this easier to understand.
This is sort my thought that being in LA man the entertainment capital of the world. That said the overall amount...a wonder if the natural less value of the cash money factors in the high amount.
apple.news
Well well that lays it out. Pretty savvy by Ohtani. It is the American way to avoid taxes in any way shape for form.This lays it out…
Shohei Ohtani Signed a $700 Million Contract. He’s Only Getting Paid $2 Million a Year. — The Wall Street Journal
The Japanese star’s record deal with the Dodgers has an unprecedented structure, which will see him defer $68 million per season until the end of his contract
Per the terms of his deal, Ohtani won’t take interest on the deferrals, which means the present day value of his $700 million contract is around $460 million.
The massive deferrals were Ohtani’s idea, according to a person in the player’s camp. He proposed the unique structure when he was far into negotiations with the Dodgers, as a way to lessen their payroll obligation and allow the team to sign additional players around him.
The deferrals will result in tax benefits for Ohtani himself, according to a person familiar with his negotiations. During the first 10 years, he will be subject to state income taxes on his annual $2 million salary in California and other states where the Dodgers play. But by the time he starts receiving the $68 million payments, he may be able to avoid state income taxes by living someplace like Florida without an income tax, or by moving back to Japan.
apple.news
He’s earning it (getting paid) 10 years later….he’s getting taxed then on $68 mil, not before he ever receives it. I’m pretty sure his lawyers have it figured out.
It's where you live, unless your work is such that you clearly live there, iirc.
Still can't move up against the tanking monoliths in Detroit and San Antonio who have lost 21 and 18 games straight currently.
I frankly am a bit shocked that Ted is moving the Wizards. Nobody in Northern VA gives a shit about them and most of the fanbase is in DC or MD. With how bad they’ve been and how bad they’re going to be for a while it’s going to take something or someone special to rebuild any type of fanbase for the franchise.
www.forbes.com
Revenue sharing + market size + arena ownership makes the team and attendance success almost irrelevant.
When you charge more to stream games online $20 a month or $200 season pass to watch games for the locals. The stubhub prices for Wizards games are cheaper to watch live then it is to buy his streaming package.
