Baseball

Auggie

(31,905 posts) Wed Dec 4, 2024, 11:17 AM Dec 4

Dodgers' deferred payments top $1 billion to 7 players

NEW YORK -- Contracts for Blake Snell and Tommy Edman increased the Los Angeles Dodgers' obligations for deferred payments to more than $1 billion owed to seven players from 2028 to 2046.

Snell's $182 million contract, announced Saturday, includes $66 million in deferred money payable to the pitcher through July 1, 2046, according to contract terms obtained by The Associated Press.

Edman's $74 million, five-year deal, announced Friday, includes $25 million payable to the infielder and outfielder through July 1, 2044.

Los Angeles now owes deferred payments of $1,006,500,000 to seven players.

More: https://www.espn.com.au/mlb/story/_/id/42760649/dodgers-deferred-payments-top-1-billion-7-players

Other players: Shohei Ohtani, Mookie Betts, Freddie Freeman, Will Smith, Teoscar Hernandez

6 replies

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Dodgers' deferred payments top $1 billion to 7 players (Original Post) Auggie Dec 4 OP

Sounds like Bobby Bo money to the extreme. underpants Dec 4 #1

It will be very amusing to see this Ponzi scheme of deferred compensation collapse... Moostache Dec 4 #2

+1 Auggie Dec 4 #3

Honestly, I'm just about done with baseball. Basso8vb Dec 4 #4

Look at the NFL: Kansas City, Buffalo, Green Bay, Pittsburgh ... Auggie Dec 4 #5

The fat cats are gaming the game. usonian Dec 4 #6

underpants

(187,331 posts)

1. Sounds like Bobby Bo money to the extreme.

Reply to Auggie (Original post)

Wed Dec 4, 2024, 11:34 AM

Dec 4

Moostache

(10,180 posts)

2. It will be very amusing to see this Ponzi scheme of deferred compensation collapse...

Reply to Auggie (Original post)

Wed Dec 4, 2024, 11:36 AM

Dec 4

Professional sports in general are so wildly warped from reality that a crash and correction is the only eventuality that makes sense.

$1B payrolls, financed and leveraged to suck more "profits" in the present day with no long-term plan to figure out what happens when the music stops and there are no where NEAR enough chairs?

If the collapse of society (currently South Korea, Georgia, Ukraine and Gaza are either in flames or threatening to expand into a truly global conflict) continues to accelerate, the shooting death this morning of UHC's CEO may take on added significance when the excrement slams into the rotary air displacement device.

Auggie

(31,905 posts)

3. +1

Reply to Moostache (Reply #2)

Wed Dec 4, 2024, 11:57 AM

Dec 4

Well said, IMHO. Thanks for the response.

Basso8vb

(458 posts)

4. Honestly, I'm just about done with baseball.

Reply to Auggie (Original post)

Wed Dec 4, 2024, 12:20 PM

Dec 4

10 years ago I got to watch my Giants somehow and inexplicably win their 3rd title in 5 years.

I never thought I'd see it in my lifetime and highly doubt I'll ever see it again.

Manfred has been an absolute disaster for the sport and under his watch we now have two homeless teams with the A's and Rays.

Baseball is dying, folks. Anyone who disagrees is likely a Dodgers or Yankees fan.

Auggie

(31,905 posts)

5. Look at the NFL: Kansas City, Buffalo, Green Bay, Pittsburgh ...

Reply to Basso8vb (Reply #4)

Wed Dec 4, 2024, 12:45 PM

Dec 4

Small market teams in the thick of it.

I’m just about done with baseball too.

usonian

(14,592 posts)

6. The fat cats are gaming the game.

Reply to Auggie (Original post)

Wed Dec 4, 2024, 12:48 PM

Dec 4

Playing a shell game with money is NOT "justice" for banging a garbage can.

It's a compound fracture of the system.

It was incredible to see the Giants' run of three World Series wins, every game, IIRC, the underdog.

You'll never see that again.

Whether it's Farhan's "money ball" in signing players from the DL, or the Dodgers' "How Much Money do you want?" ball, it has lost all charm. And with the latest reminder of Greg "MAGA" Johnson's use of the fans' money to subjugate them to Christ-Fascist overlords .... OUCH.

And you know that the day before Shohei collects that monster 20-year deferred paycheck, he'll leave the state and pay no taxes on it.

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