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Havlicekstealsit
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by Havlicekstealsit »

LOL wait, what?
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PhutureDynasty
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by PhutureDynasty »

So he's gonna Bobby Bonilla the deal?

WTF kinda chicanery is this?

Dodgers just got Ohtani at 10/20 million so they can load up.

Wow.
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Titan18
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by Titan18 »

Havlicekstealsit wrote: Mon Dec 11, 2023 7:07 pm LOL wait, what?
That’s insane. That sort of blatant luxury tax manipulation has to be against the rules. MLB and the union will have to step in to fix this this.
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lettherebehouse
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by lettherebehouse »

Havlicekstealsit wrote: Mon Dec 11, 2023 7:07 pm LOL wait, what?


Beta faggot shit right there

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manchild98
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by manchild98 »

Who is advising him to wait 10 years to get 95% of his money? I can't imagine anybody ever being dumb enough to agree to that deal. So nobody gets paid for another 10 years (agents, managers, etc.) Isn't money always worth less as time goes on due to inflation? And then on top of it he can't even invest it now and make money for the next 10 years...lose all that compound interest? I'm no financial expert, but this sounds like a terrible deal for anyone other than the Dodgers.

:kobewhatnew:
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Odogg
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by Odogg »

Havlicekstealsit wrote: Mon Dec 11, 2023 7:07 pm LOL wait, what?
:banderas:
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AlaskaHawks
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by AlaskaHawks »

manchild98 wrote: Mon Dec 11, 2023 8:50 pm Who is advising him to wait 10 years to get 95% of his money? I can't imagine anybody ever being dumb enough to agree to that deal. So nobody gets paid for another 10 years (agents, managers, etc.) Isn't money always worth less as time goes on due to inflation? And then on top of it he can't even invest it now and make money for the next 10 years...lose all that compound interest? I'm no financial expert, but this sounds like a terrible deal for anyone other than the Dodgers.

:kobewhatnew:
Short term it's great for dodgers. Isn't their window basically closed for 10 years after that though?

Really seems like a financially illiterate deal for Ohtani though.
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Odogg
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by Odogg »

AlaskaHawks wrote: Mon Dec 11, 2023 11:27 pm
manchild98 wrote: Mon Dec 11, 2023 8:50 pm Who is advising him to wait 10 years to get 95% of his money? I can't imagine anybody ever being dumb enough to agree to that deal. So nobody gets paid for another 10 years (agents, managers, etc.) Isn't money always worth less as time goes on due to inflation? And then on top of it he can't even invest it now and make money for the next 10 years...lose all that compound interest? I'm no financial expert, but this sounds like a terrible deal for anyone other than the Dodgers.

:kobewhatnew:
Short term it's great for dodgers. Isn't their window basically closed for 10 years after that though?

Really seems like a financially illiterate deal for Ohtani though.
Their next TV deal will kick in by then.
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AlaskaHawks
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by AlaskaHawks »

Maybe he's actually a genius. He can move away from Commifornia and not pay those taxes. Move to a tax friendly state, or Dubai, Japan, etc, when the contracts up.
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Shill Jackson
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by Shill Jackson »

Odogg wrote: Mon Dec 11, 2023 11:28 pm
AlaskaHawks wrote: Mon Dec 11, 2023 11:27 pm
manchild98 wrote: Mon Dec 11, 2023 8:50 pm Who is advising him to wait 10 years to get 95% of his money? I can't imagine anybody ever being dumb enough to agree to that deal. So nobody gets paid for another 10 years (agents, managers, etc.) Isn't money always worth less as time goes on due to inflation? And then on top of it he can't even invest it now and make money for the next 10 years...lose all that compound interest? I'm no financial expert, but this sounds like a terrible deal for anyone other than the Dodgers.

:kobewhatnew:
Short term it's great for dodgers. Isn't their window basically closed for 10 years after that though?

Really seems like a financially illiterate deal for Ohtani though.
Their next TV deal will kick in by then.
and the cap will be bigger
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Odogg
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by Odogg »

AlaskaHawks wrote: Mon Dec 11, 2023 11:36 pm Maybe he's actually a genius. He can move away from Commifornia and not pay those taxes. Move to a tax friendly state, or Dubai, Japan, etc, when the contracts up.
Yeah there is surely a tax play
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PhutureDynasty
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by PhutureDynasty »

AlaskaHawks wrote: Mon Dec 11, 2023 11:36 pm Maybe he's actually a genius. He can move away from Commifornia and not pay those taxes. Move to a tax friendly state, or Dubai, Japan, etc, when the contracts up.
Is the taxable income rate based on where the money is coming from (Los Angeles) or the current residence of the recipient (wherever he moves to)?
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Odogg
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by Odogg »

So net present value may have been closer to your 600m phuture lol, or my 500m.
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PhutureDynasty
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by PhutureDynasty »

Odogg wrote: Mon Dec 11, 2023 11:48 pm So net present value may have been closer to your 600m phuture lol
Lol good call.

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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by kobeunderbite »

Net present value is $460 million. Weird deal
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Titan18
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by Titan18 »

Feels like Dodgers opened pandora box here and Cohen is going to nuclear over then next few years to do the same thing
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kobeunderbite
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by kobeunderbite »

Titan18 wrote: Tue Dec 12, 2023 12:09 pm Feels like Dodgers opened pandora box here and Cohen is going to nuclear over then next few years to do the same thing

If Steve Cohen did this first, MLB owners and fans would freak out like we've never seen and the deal would end up getting vetoed. They created a whole new Steve Cohen tax just because he signed Starling Marte and Max Scherzer, they would never allow him to pull this.
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Titan18
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by Titan18 »

kobeunderbite wrote: Tue Dec 12, 2023 12:18 pm
Titan18 wrote: Tue Dec 12, 2023 12:09 pm Feels like Dodgers opened pandora box here and Cohen is going to nuclear over then next few years to do the same thing

If Steve Cohen did this first, MLB owners and fans would freak out like we've never seen and the deal would end up getting vetoed. They created a whole new Steve Cohen tax just because he signed Starling Marte and Max Scherzer, they would never allow him to pull this.
Exactly, which is why it will be a blessing for the Mets that the mlb darlings Dodgers did it first. Precedent is now set so Steve has 3 years to broker similar deals before they close this loophole during the next negotiations in 2026.
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Re: Ohtani signs with Dodgers, 10 years $700 million

Post by kobeunderbite »

Titan18 wrote: Tue Dec 12, 2023 12:23 pm
kobeunderbite wrote: Tue Dec 12, 2023 12:18 pm
Titan18 wrote: Tue Dec 12, 2023 12:09 pm Feels like Dodgers opened pandora box here and Cohen is going to nuclear over then next few years to do the same thing

If Steve Cohen did this first, MLB owners and fans would freak out like we've never seen and the deal would end up getting vetoed. They created a whole new Steve Cohen tax just because he signed Starling Marte and Max Scherzer, they would never allow him to pull this.
Exactly, which is why it will be a blessing for the Mets that the mlb darlings Dodgers did it first. Precedent is now set so Steve has 3 years to broker similar deals before they close this loophole during the next negotiations in 2026.

It's unfortunate that this market is such trash other than Yamamoto or he could do it now. Unfortunately the Dodgers will probably sign Yamamoto and we will end up overpaying for Snell or Montgomery. Next winter the Mets only have $118m on the books, $150 if Pete is extended. Leaves a nice $150m-$250m to play with.
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