According to information obtained by The Associated Press on Wednesday, Shohei Ohtani has the option to void his monumental $700 million, 10-year contract with the Los Angeles Dodgers under specific conditions involving two key executives.
Set to be formally introduced by the Dodgers in a news conference on Thursday, Ohtani’s contract includes a provision allowing him to opt out if Mark Walter, the controlling owner, or Andrew Friedman, the president of baseball operations, is no longer associated with the team. The details of this contractual arrangement were shared by an anonymous source since the terms were not officially disclosed.
Ohtani’s groundbreaking deal, unveiled on Monday, incorporates a unique structure where 97% of the compensation is deferred without accruing interest, with the full amount not scheduled for payment until the year 2043.