is waaaaaaaaaay less than originally reported now. After all he's going to be getting some of this money over 20 years from now.

Right now, the real value of the contract is probably more like 280-300 million dollars total than 700 million.

This isn't even close to the richest contract in mlb history.

The first arod deal with the rangers still holds that distinction(in terms of real money). This isn't even close to that.

On 12/11/2023 8:35 PM, michael anderson wrote:
> is waaaaaaaaaay less than originally reported now. After all he's going to be getting some of this money over 20 years from now.
>
> Right now, the real value of the contract is probably more like 280-300 million dollars total than 700 million.
>
> This isn't even close to the richest contract in mlb history.
>
> The first arod deal with the rangers still holds that distinction(in terms of real money). This isn't even close to that.

You're right!

I would have turned it down. He could make more in the Mexican League.

--
"In theory, there is no difference between theory and practice. In
practice, there is."

> is waaaaaaaaaay less than originally reported now. After all he's going to be getting some of this money over 20 years from now.
>
> Right now, the real value of the contract is probably more like 280-300 million dollars total than 700 million.
>
> This isn't even close to the richest contract in mlb history.
>
> The first arod deal with the rangers still holds that distinction(in terms of real money). This isn't even close to that.

Excuse me? How do you figure that?
For that matter, how was A-Rod's Rangers deal worth more than his Yankees deal?

Unless A-Rod knew of a guaranteed way to get 10.3% on his investment per year for 20 years, when the smoke clears, Ohtani's deal will be worth more than A-Rod's Yankees deal.

On Tuesday, December 12, 2023 at 9:15:16 AM UTC-6, The NOTBCS Guy wrote:
> > is waaaaaaaaaay less than originally reported now. After all he's going to be getting some of this money over 20 years from now.
> >
> > Right now, the real value of the contract is probably more like 280-300 million dollars total than 700 million.
> >
> > This isn't even close to the richest contract in mlb history.
> >
> > The first arod deal with the rangers still holds that distinction(in terms of real money). This isn't even close to that.
> Excuse me? How do you figure that?
> For that matter, how was A-Rod's Rangers deal worth more than his Yankees deal?
>
> Unless A-Rod knew of a guaranteed way to get 10.3% on his investment per year for 20 years, when the smoke clears, Ohtani's deal will be worth more than A-Rod's Yankees deal.

1) Ohtani doesn't get the 680 million at the end of the contract though. He gets 68 million per year for another ten years.....some people are forgetting that. The deflationary hit of what Ohtani is doing would be bad if he had to wait 10 years to get most all the money. But he has to wait 10 years before basically getting any money, *then* the big chunk is paid out over ten years. Huge difference there.....it's more similar to the bonilla thing(where he got like 35 million speads out way in the future over a number of years) than a one time lump sum balloon payment at the end

2) I'm also considering the value of a dollar in 1998(?) vs now.

Thats the results I got when I put these adjustments into a compound interest calculator at least

> > Unless A-Rod knew of a guaranteed way to get 10.3% on his investment per year for 20 years, when the smoke clears, Ohtani's deal will be worth more than A-Rod's Yankees deal.
> 1) Ohtani doesn't get the 680 million at the end of the contract though. He gets 68 million per year for another ten years.....some people are forgetting that.

I did not forget that. I took that into account - 2 million/year for the first ten years, then 68 million/year for the next ten.

And I was not basing it on the value of the money against inflation; my numbers are based on both of them receiving that year's money and then immediately investing it at some fixed interest rate. I got a rate of about 10.3% per year where the two ended up the same after 20 years.