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Listened to a really good podcast on a walk today, will try to link it, about the contract. Allow me some leeway on the details, but....
a) Of the 700m, the Angels will have to actually account for 440m and the interest will carry that to 700m.
b) They don't have to defer any money for 26 months. So they don't have to reach into their own wallet until July 2026.
c) Between now and July 2026, they think the Dodgers can recover ALL of what they need to cover that 440m nut with the TV and merchandising deals.
In essence, they're on a 2 year marketing junket where experts feel they'll start July 2026 at a net-net 0 balance and (assuming nothing is renegotiated or changes) any additional actions they can make to profit off his likeness will go in their pockets for the rest of the contract. And the deferred deal, as mentioned, helps Ohtani escape all CA taxes.
I'm no expert, but as a Mets fan with a 20b hedge fund billionaire as our owner, how did they get hornswoggled into what looks like a FREE Ohtani basically?
a) Of the 700m, the Angels will have to actually account for 440m and the interest will carry that to 700m.
b) They don't have to defer any money for 26 months. So they don't have to reach into their own wallet until July 2026.
c) Between now and July 2026, they think the Dodgers can recover ALL of what they need to cover that 440m nut with the TV and merchandising deals.
In essence, they're on a 2 year marketing junket where experts feel they'll start July 2026 at a net-net 0 balance and (assuming nothing is renegotiated or changes) any additional actions they can make to profit off his likeness will go in their pockets for the rest of the contract. And the deferred deal, as mentioned, helps Ohtani escape all CA taxes.
I'm no expert, but as a Mets fan with a 20b hedge fund billionaire as our owner, how did they get hornswoggled into what looks like a FREE Ohtani basically?

