Per ESPN, yes, that's how much they now have in deferred payments for the years 2028-46. I'm sure this is going to get raised at the winter meetings. The rest of the piece lists how much is owed to each player, plus a few spiffs on the new Snell contract.
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Dodgers should get Juan Soto, just raise hell upon baseball
When are the players gonna get repossessed
They need to shut this down at the next CBA
Just think dumbass Arte in Anaheim could have had this but he jacked it up.
They fucken mortgaged a near future dynasty 💀
Soon they’ll have caught me
Anybody that could have deferred that $680 million would have.
the credit card comparison isn’t accurate, teams still have to put a set amount of cash into escrow accounts annually.
So what? They are run by Guggenheim. They know what they are doing.
If that asteroid hits next week who is laughing then.
Except Shohei alone is gonna make the team over $2B net cash
First, the “credit card” analogy is false. The team has to set aside much of the money years before the deferred payments begin. It’s not like they have all that money on-hand for other things until then.
Second, there’s plenty of risk here. It’s not clear what revenue will be a decade from now, especially with the ongoing implosion of cable TV, future changes to revenue sharing, and how long these players’ careers will even last. Some of the actual contract years will almost certainly involve players who aren’t even playing anymore, so much of it will be dead money before the deferred payments even begin.
And third, any team can do some version of this. The rules governing deferred compensation are right in the CBA because both the players and team owners wanted it in there.