
$700 million. That's what Shohei Ohtani's contract with the Los Angeles Dodgers is worth - the richest deal in sports history. But right now, he takes home just $2 million per year. He deferred $680 million of his own salary so the Dodgers could use that money to sign other players and build a championship team around him.
Shohei Ohtani Makes $2 Million a Year on a $700 Million Contract
Shohei Ohtani holds the most valuable contract in the history of professional sports - $700 million over 10 years with the Los Angeles Dodgers. But here's what makes it genuinely bizarre: during the years he actually plays, he collects just $2 million annually. The other $680 million? He volunteered to wait for it.
The Deal That Broke the Calculator
When Ohtani signed with the Dodgers in December 2023, the headline number was staggering enough. But the structure was what sent shockwaves through baseball. Of his $70 million annual salary, $68 million per year is deferred - pushed back a full decade. Instead of collecting during his playing career, Ohtani will receive $68 million per year from 2034 to 2043, long after he's likely retired.
Why Would Anyone Do This?
The deferrals were Ohtani's idea. By reducing his annual hit on the team's payroll to roughly $46 million in luxury tax value instead of $70 million, the Dodgers had tens of millions in extra room to sign other stars. That freed up the budget to bring in players like Yoshinobu Yamamoto and make other key acquisitions. Ohtani essentially took a massive present-day pay cut so the front office could build a roster capable of winning it all.
The Gamble That Paid Off
The strategy worked immediately. In his first season with the Dodgers, Ohtani helped lead the team to a 2024 World Series championship - the franchise's eighth title and first since 2020. The man who volunteered to defer nearly all of his salary got exactly what he wanted: a ring.
$68 Million Per Year - After He Retires
Starting in 2034, Ohtani will collect $68 million every single year for a decade. The Dodgers will still be writing him checks years after he's played his last game. Because the deferred money earns no interest, the present-day value of his contract is closer to $460 million. Ohtani effectively left hundreds of millions on the table in today's dollars - and did it willingly, because winning mattered more than the math.
Frequently Asked Questions
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Why did Ohtani defer so much of his salary?
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Verified Fact
Verified across ESPN, MLB.com, CBS Sports, Spotrac, ABC7, and NBC Los Angeles. Contract signed December 2023. $700M/10 years, $680M deferred, $2M/year during playing years (2024-2033), $68M/year from 2034-2043. Luxury tax value ~$46M/year. No interest on deferrals. Present value ~$460M. Ohtani won 2024 World Series with Dodgers.
ESPN