Shohei Ohtani, Japan’s Baseball Star, Lands Record $700m Deal with LA Dodgers
In a groundbreaking move, Shohei Ohtani, the 29-year-old Japanese baseball sensation, has secured a historic $700 million contract with the LA Dodgers, shattering previous records.
Despite recent elbow surgery, Ohtani’s 10-year deal surpasses the $426.5 million contract signed by Mike Trout in 2019, making it the largest in MLB history.
Known as “Shotime,” Ohtani’s talent in both pitching and hitting has earned him the nickname “unicorn” and comparisons to the legendary Babe Ruth. His unanimous MVP wins in 2021 and 2023 mark a first in MLB history.
Ohtani’s clean image and dedication to baseball have turned him into a sought-after figure for advertisers. Despite being picky about off-field activities, his earnings, including endorsements, are estimated to reach around $65 million for the 2023 season, setting another MLB record.
Beyond his individual success, Ohtani’s economic impact on the 2023 season is estimated to be $342 million, with Japanese visitors contributing to ticket sales and merchandise.
His popularity has transcended that of previous Japanese players in the US.
In the context of historical ties between the US and Japan, Ohtani’s humility and talent contribute to a positive relationship.
However, the success of Japanese players in MLB has taken a toll on Japan’s domestic baseball league, Nippon Professional Baseball (NPB), which has failed to reinvest extra money in its teams.
As Ohtani continues to break records early in his career, the future for Japanese players in MLB becomes more competitive. With promises of greater achievements, Ohtani’s success attracts companies eager to associate with him, while Japanese fans are willing to travel to the US to witness his remarkable performances.
[Source: BBC]
https://www.bbc.com/news/business-67376305