• Loading stock data...
Wednesday, December 11, 2024
The 2024 Best Employers in Sports Award winners have been announced! See the full list of winners

Ohtani Aftermath: MLB Teams Forced To Rethink Strategies, Finances

  • Shohei Ohtani signed a record $700 million contract with the Los Angeles Dodgers.
  • Teams that missed out out signing the superstar are looking for next steps.
Los Angeles Angels designated hitter Shohei Ohtani
Jerome Miron-USA TODAY Sports

The Los Angeles Dodgers are dominating the headlines for winning the Shohei Ohtani sweepstakes with a 10-year, $700 million mega-contract. But as that celebration continues, several other clubs across MLB are left to pick up the pieces in the wake of the superstar’s move.

The Los Angeles Angels, who were never seen as serious contenders to retain Ohtani, are now officially facing life without him. The Angels have generated millions of dollars per season via sponsorships with Japanese companies that will likely no longer see the value in those deals. Now, the Halos will look to return to the playoffs for the first time since 2014 without the help of baseball’s best player.

When rumors that Ohtani would sign with the Toronto Blue Jays flared up late last week, the club’s World Series betting odds improved from 15-1 to as short as 8-1, behind only the Atlanta Braves and Dodgers. The Blue Jays are believed to have offered Ohtani a contract not much lower than the Dodgers’ deal.

The New York Mets were among the teams with an initial interest in Ohtani, but it turns out they never had much of a chance. “The agent never reached out to me personally,” Mets owner Steve Cohen said. “And I think that’s pretty telling.” The Mets began last season with a record payroll, so offering Ohtani a record deal wouldn’t have been an issue.

Dodgers Fans Prepare To Pay Up

Ticket prices for Ohtani’s home debut with the Dodgers next spring are already skyrocketing.

On secondary marketplaces, some standing-room-only tickets were selling for a minimum price of more than $400 in the wake of Ohtani’s signing.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Bill Belichick

Bill Belichick Is Reportedly Finalizing Deal to Coach North Carolina

Belichick is “finalizing a deal” to become the next head coach at UNC.
Dec 4, 2024; Miami, Florida, USA; Miami Heat forward Jimmy Butler (22) looks to pass against Los Angeles Lakers forward LeBron James (23) in the first half at Kaseya Center.

Heat Open to Jimmy Butler Trades, but Here’s Why Deal Will Be..

The Heat are reportedly “open” to hearing trade offers for Butler.

NFL Scheduling Gambit Pays Off With Two Blockbuster Sunday Games

The Week 15 schedule has a game pairing seen only once since 1970.
Oct 20, 2024; East Rutherford, New Jersey, USA; Eagles owner Jeffrey Lurie pre game against the New York Giants at MetLife Stadium.

Bills, Eagles, Dolphins Approve Adding New Minority Owners

Vince Carter and Tracy McGrady join the list of Bills owners.

Featured Today

Nov 2, 2024; Denver, Colorado, USA; Detailed view of a Wilson NBA basketball held by a referee during the second half between the Utah Jazz against the Denver Nuggets at Ball Arena

‘Obvious Weak Point’: Refs Remain an NBA Gambling Concern

A season after Jontay Porter, the biggest risk may not be players.
Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
opinion
December 7, 2024

College Football’s Billionaire Backer Era Begins

Is this the new normal in CFB recruiting?
LA Galaxy forward Dejan Joveljic (9) celebrates with midfielder Riqui Puig (10) after scoring a goal against Seattle Sounders FC in the second half in the 2024 MLS Cup Western Conference Final match at Dignity Health Sports Park
December 6, 2024

With or Without Messi, Major League Soccer Is Barreling Into the Future

After the Cup final, the league looks to accelerate its growth.
Dec 18, 2022; Lusail, Qatar; FIFA president Gianni Infantino claps during the awards ceremony after the 2022 World Cup final between Argentina and France at Lusail Stadium.
December 2, 2024

FIFA Wants More Matches. Resistance Is Growing Inside the Global Soccer World

Resentment and frustration over expanded schedules is nearing a breaking point.
Tilman Fertitta

Rockets Owner Tilman Fertitta in Line for Trump Appointment, Wants to Buy..

Fertitta had given hundreds of thousands of dollars to Trump.
Joe Tsai
December 10, 2024

NFL Owners Set to Vote on Dolphins, Bills Stakes for Tsai, Carter,..

The deals are likely to be approved at the owners meetings in Dallas.
December 10, 2024

More to A’s Offseason Spending Plans Than Meets the Eye

Revenue-sharing guidelines are helping fuel the increased spending.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
December 9, 2024

As Wizards Hit Historic Low, Leonsis Calls Season ‘Very Productive’

They’re on pace for one of the worst records in NBA history.
December 9, 2024

Have Mets Upended New York’s Baseball Hierarchy With Soto Deal?

The National League team sheds its image as an often-lovable underdog.
December 9, 2024

McLaren F1 Team Nearly Folded in 2020. An American Exec Just Led..

An investment from MSP Sports Capital in 2020 saved McLaren.
Old Commanders logo
December 6, 2024

Commanders Plan to Bring Back Old Logo on Special Alumni Merchandise

The Commanders are bringing back their old logo in limited fashion.