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The accelerating financial might of the Dodgers is once again on full display, for good and potentially bad.
The charitable foundation of the defending World Series champion, along with owner Mark Walter’s family foundation, co-owner Magic Johnson, and LA28 Olympics chair Casey Wasserman, announced this week a collective $100 million donation for relief from the devastating wildfires in Southern California. The sum, a seed funding designed to “jump-start” other giving, far surpasses a prior, $8 million collective donation for wildfire relief involving all of the Los Angeles–area pro teams, including the Dodgers.
“This process and this journey we’re about to start with LA Rises is not about the next month or the next year,” Wasserman said of the new philanthropic effort. “This is about what L.A. is going to be like for the next 50 or 100 years.”
Spending Issues
Meanwhile, the Dodgers’ highly aggressive spending this offseason is raising more worries among other MLB clubs—even those also among the sport’s fiscal behemoths. The Dodgers’ moves this season include acquiring pitchers Blake Snell and Roki Sasaki, retaining star outfielder Teoscar Hernández, and most recently adding relievers Tanner Scott and Kirby Yates.
As a result, the Dodgers’ luxury-tax payroll for 2025 currently stands at $382.6 million—more than $80 million beyond any other team and more than six times the comparable figure for the Marlins.
Such a situation is rather troubling, said Yankees managing general partner Hal Steinbrenner.
“It’s difficult for most of us owners to be able to do the kind of things that they’re doing,” Steinbrenner said on the YES Network. “Now, we’ll see if it pays off. They still have to have a season relatively injury-free for it to work out for them, and it’s a long season, as you know, and once you get to the postseason, anything can happen.”
Still, Steinbrenner insisted the Yankees are better than they were at this point in 2024, even with the recent loss of free agent Juan Soto, thanks to an aggressive reshaping of the club.
“Some people may disagree with me—but some people will agree with me—I think we have a better team right now than we did a year ago today,” he said.
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