Where Shohei Ohtani’s $700M deal is among the biggest pro contracts

Shohei Ohtani signs $700 million deal

Shohei Ohtani signs a $700 million deal with the Los Angeles Dodgers


Major League Baseball star Shohei Ohtani signed a record 10-year contract worth 700 million dollars with the Los Angeles Dodgers. The agreement has catapulted the Japanese player to the top of the list of the highest paid athletes in the world.

Ohtani’s contract is the largest ever signed in baseball, surpassing Mike Trout’s 12-year, $426 million contract with the Los Angeles Angels, according to CBS Sport.

Andrew Brandt, a professor of sports law at Villanova Law School, told CBS MoneyWatch that Ohtani “had an extraordinary impact with many teams interested and bidding up the price.”

The record deal breaks down to a salary of $70 million a year for 10 years, though Ohtani won’t make that amount annually right away because of layoffs, Brandt noted. professional sports leagues, teams are taxed when a player’s salary exceeds a threshold, as in Ohtani’s case.

“It’s not a cap, but a penalty for spending over a certain amount to level the playing field and achieve competitive parity between teams,” Brandt said. “We don’t have all the details, but he’s not going to take the full $70 million every year to help the Dodgers with taxes. In the future, when he’s no longer playing baseball, they’re still going to pay him.”

Athletes in other sports earn Ohtani on an annual basis despite their total contracts being smaller. Here are the 10 highest paid athletes in sports today, according to CBSSports.com.

Biggest sports contracts ever signed

  • Shohei Ohtani, Baseball, $700 million for 10 years. The Los Angeles Dodgers will pay Ohtani $70 million a year.
  • Cristiano Ronaldo, Football, $536 million over 2.5 years. The Portuguese footballer earns $214.5 million a year as the captain of Saudi Arabia’s Al Nassr team.
  • Patrick Mahomes, Soccer, $450 million over 10 years. The Kansas City Chiefs quarterback makes $45 million a year.
  • Karim Benzema, Football, $436 million for 2 years. The French striker earns $214.5 million a year as captain of Saudi Arabia’s Al-Ittihad team.
  • Mike Trout, Baseball, $426 million over 12 years. The MLB center fielder earns $30.4 million a year playing for the Los Angeles Angels.
  • Canelo Alvarez, Boxing, $365 million for 5 years. The Mexican boxer’s deal with Premier Boxing Champions (PBC) gives him $73 million a year.
  • Mookie Betts, Baseball, $365 million, 12 years. The American outfielder and second baseman earns $30.4 million a year playing for the Los Angeles Dodgers.
  • Aaron Judge, Baseball, $360 million, 9 years. Judge makes $40 million a year as an outfielder for the New York Yankees.
  • Manny Machado, Baseball, $350 million, 11 years. Machado makes $31.8 million a year playing for the San Diego Padres.
  • Francisco Lindor, Baseball, $341 million, 10 years. The New York Mets shortstop makes $34.1 million a year.

Largest MLB contract

  • Shohei Ohtani, $700 million for 10 years.

Biggest NBA contract

  • Jaylen Brown, $304 million for five years.

Largest NFL contract

  • Patrick Mahomes, $450 million for 10 years.

Biggest football contract

  • Cristiano Ronaldo, $536 million for 2.5 years.

Who is the overall highest paid athlete in the world?

Ohtani’s lucrative contract with the LA Dodgers makes him the world’s highest-paid athlete, according to CBS Sport.

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