Talkin' Baseball (MLB Podcast) - Is Ohtani's Contract the Wildest Deal Ever? | 759

Episode Date: December 12, 2023

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Transcript
Discussion (0)
Starting point is 00:00:01 Hello and welcome to talking baseball. We're jumping on quick to talk about Otani's contract, which is unprecedented. Let's do it. Hello and welcome to talking baseball. Thank you very much for joining us today. Thank you for tuning in and listening. Thank you for subscribing to the YouTube channel and being part of what? We're doing.
Starting point is 00:00:38 Otani's part of the Dodgers and the contract is nuts. So we didn't have recording on the schedule today. but said, let's get together and chop it up a bit, about $2 million now, 68 later. Please and thank you. 700 of them total. That's what Otani asked of the Dodgers and other teams, apparently, and the Dodgers obliged. Sure, no problem, pal.
Starting point is 00:01:04 Here you go. So the 700 was shocking. The 2 mil, think just as shocking, if not more. A lot of people trying to wrap their heads. heads around what this is, and that's what we will attempt to be doing as well. My name's Jimmy. His name's Jake. Trevor over there, BBD over there, seat geeks, the sponsor.
Starting point is 00:01:24 Jake, how you doing? James, Trevor Davis, doing well. It's agent time of year. My former agent, Nesbelello, with his fingerprints all over this. Weird, he did an interview with Tom Verducci, but won't reach out to one interview with one of his former players. and I've chosen to be represented by Tommy DeVito's agent. So take that, Nez.
Starting point is 00:01:48 You just lost out. I'm doing well. I'm excited to get into this. We're a weird contract pod in this, you know, your guy, Nez's quotes in Verducci's article, you know, Trailblazer, leading the way. He's always done things his own way. And then he started talking about Otani, too.
Starting point is 00:02:07 So excited to talk about it with you guys. How are you doing, Trump? well i was excited until i found out the nes did a interview with tom producing i knew that i heard you a little i'm sorry i didn't know that happened you didn't even text me back yeah well you guys don't but l a dodger fan through and through so i really love this deal that's what people told me on the internet at least yesterday when i was getting berated by giants and podres fans pretty much all day um i i think this is like what the essence of our show is about talking baseball like we're just talking about this. It is. It is unprecedented and it's a little shocking. Like you mentioned, James,
Starting point is 00:02:44 the 700 number was shocking. Then we find, we knew some, well, they said a majority of it was deferred, but we didn't know 97% of it was going to be deferred. And I think the whole point of this is just to talk and figure it out. And I just, I think I want to make this point and then kind of get into it. This is not something that all players are going to do. do going forward or all teams are going to do going forward because they can't and players most players don't want to do this like show hey is just his own thing and i think it is important also to mention that he told all the teams that they could do this it's not like a dodger tax loophole thing that's just not what it is james what do you think it's nuts i think you know when we were talking last
Starting point is 00:03:33 episode about will otani's uh contract have any effect on the market i I don't know how it could because it's so fucking weird. $2 million. I am, in the shock of no one, surprised by the math that it comes out to 46 on the AAV. I don't, I read it. Please, I beg you, do not comment trying to make me understand. I got like into a back and forth on one of our watching guts episodes where this dude was trying to do math for me. And I was like, you don't understand.
Starting point is 00:04:09 I don't know what you're saying. You're like speaking French to me in German. So I don't, I can't understand it. But somehow the annual average value comes to $46 million because of, you know, like inflation and a tax. You just get like a 4% tax for spending so much money off the top and all this numbers that I can't figure out. So that's nuts. That's still one of the highest paid Aavs. It's just like the highest.
Starting point is 00:04:39 30 million on Layaway, which I saw, you know, Saris pat himself on the back because he was like, I thought it would be around $450 to the tax, which is just interesting. I think that's what it all is. They had a number that they wanted to get to, or they had in mind,
Starting point is 00:05:04 talking about teams and the Dodgers specifically. This is just another way to, I guess, essentially get and for show hey i mean there's a lot there's a lot of things we can i don't even know man i don't even know where to start with this because again like and i'm not a finance guy i'm not a math guy we say that constantly but i do know that you don't want deferred payment with no interest that doesn't make any sense because yes james of inflation so present day value of the 700 million when it gets paid out is 46 million dollars yeah a year that's the whole thing so like you know it's like I get that.
Starting point is 00:05:41 When you win the lot, though, people want to take the lump sum. They don't want the deferred payments. Yeah. Yeah, he's losing money by doing this, but he's also getting so much money that he can't even really say losing money. He's not really losing money unless he was going to get 10 years 550 straight up. You know what I mean? Yes, yeah. But that's what people thought he was going to be getting.
Starting point is 00:06:01 Yeah. Yeah. I mean, our guy, Maddie Mass. Oh, he's not happy about this. He was on Morning with John Boy. Go check it out. Subscribe. He just said Otani, he just tweeted out
Starting point is 00:06:12 Otani lost a billion dollars by not taking the money up front which again, it turns into a whole awful finance class which was, or no, I had to retake accounting. I survived finance. But this turns into accounting,
Starting point is 00:06:31 so I guess that's not my strength either. I guess what we want to land on are some of the, like, what are some of the facts and things you can take with you. I think number one, I know we suck up to players enough, but the number one reason Shohei did this is to bring on more players to the Dodgers, right?
Starting point is 00:06:53 That's number one. Like if we were trying to list out things we can say factually, that is one we can put in stone. Well, he wants to win. He's trying to do the right thing. We're trying to be the Tom Brady of Major League Base, and this is one way he could do it. Yes, I think that's what people are a little,
Starting point is 00:07:14 I think that's what most people who aren't Dodger fans are mad about. Like, well, shit, now they can go and spend more money. But newsflash, they could go spend more money even without this. And so can your owner. And so can your owner. Yeah, but for 10 years after he's gone, they're going to be paying him and he's going to clog the books for him then without any players. So it's...
Starting point is 00:07:33 But it's not on the CBT at that point. For all those fans, you can laugh in 10 years maybe. Ha ha, ha, you still got Shoah on the books. You're hindered if that hinders them then. Who knows what the... Yeah, it's a very good move. Oh, you can sign me and I can get all the money, but also we can get more players so I can win World Series.
Starting point is 00:07:57 It's like a pretty good move for your Dodgers. I think a lot of people are making the point that, well, the Dodgers have this massive TV deal, so they're able to do this. And, you know, we know what a lot of, of the TV deals around baseball, you know, they're bankrupt. I mean, the team that I work for doesn't have a partner right now. So like, I get it. Like, yeah, not every team can do this because they don't have the stability of, you know, looking 20 years ahead and saying we can shell out
Starting point is 00:08:26 this money because they don't have those TV deals. But I mean, something is going to happen, whether it be a partner come in for your team or the streaming rights change and baseball's not going anywhere. Like I just think, yes, the Dodgers have a little bit easier because of the TV deal that they signed whatever it was a couple years ago. So not every team can do that. That is, that is a fair point by people that are saying, not every team can do this. Yes, because they don't have the TV deal. Yeah. I think the very rich owners, uh, are going to be pretty happy that this is accepted and put into practice. I think the players are going to be pretty happy. They fought to have MLB to have unlimited deferrals in the last CBA so it can happen like this.
Starting point is 00:09:12 And then I think the owners that can't compete with this are going to be pretty mad and pretty upset. So you see the visual reaction from Trev because owners can technically, but you small market teams operate differently. Like it's a fact of life. I know I know we want a dream world where all these Cohen's can come in and, and buy the 15 teams that don't like to pay out big contracts. But they're not gonna.
Starting point is 00:09:41 So I do think there's a fair sentiment amongst a chunk of baseball fans that are like, should this be legal? And I don't know. For those people, I don't think I can answer yes or no. Would people be mad if it was just 10 years, $460 million? No. And that's why I'm not.
Starting point is 00:10:04 I have a way that I've wrapped my head around it for me, which I'm sure some people will hear this and understand how stupid I am. And other people might benefit them. Just in my head, it's easier for me to think of this as a 10-year, $460 million deal with $240 million signing bonus that they're going to give you in 10 years. And then it makes more sense in my head. The AV is 10 years 450.
Starting point is 00:10:31 The game they used to play is signing bonuses. now they're playing deferrals at present value with a discount of 4% and all this math. So, you know. I guess what was the- It's a post-contract bonus because he's not getting it when he's signing. He's getting it when it concludes. At the conclusion of this, we'll give you-assigned bonus. Yeah.
Starting point is 00:10:51 Instead of a signing bonus, assigned bonus. Yeah. You did it. Completion bonus. And then people are mad on us. He's not going to pay his California taxes. Why don't have people ever get mad that a citizen is? Yeah. People and I, you know, I don't know if people were getting mad about this, but you should try to pay as little amount of taxes as legally possible. Wait, so he's going to pay. Rates. He won't because he's not, when you're getting paid on deferrals because you're not actively working, it just says wherever you're living. Yep. That's what people are saying. I don't know if there's. Doesn't really make sense to me. I've read a few different articles. Yeah, I mean, as a guy who's always paid California taxes, I didn't move out of state because I love it here so much when I was making.
Starting point is 00:11:33 you know, my major league salary. I didn't leave. So I paid all my taxes. Don't come point fingers at me, but I don't, like, isn't that the point? Like, let's legally, let's just pay as little amount to the government as possible. And if you want to give the rest of it to charity, do that.
Starting point is 00:11:48 But like, I don't know. The tax thing's funny. And the fact that this program is talking about it is electric. Yeah, what's the thing I talk about that? I'm super interested in that. Clearly not my area of expertise. But I guess it would be the equivalent, right? Like if you're a Dodger scout that lives in Japan,
Starting point is 00:12:09 you would pay them on like the Japanese tax scale and not the California tax scale. I'm going to stop. You know what? And people were so stoked when they're like, oh, do you know about the Japanese Canadian tax exemption? Yeah. They were stoked on that exemption.
Starting point is 00:12:25 I did. Thank God. You knew all about that. So I don't know, man. I think people, I think the main thing for me, I'm not speaking for you guys I don't know how you feel about this I think it's the Dodgers
Starting point is 00:12:36 it's like the fact that he went to the Dodgers if he went to the Yankees have been the same freaking thing if they did this it's just that it's a big market I think people don't like feeling out smarted I think America is built on getting mad when you think people are using a loophole
Starting point is 00:12:51 to benefit them especially because that loophole you have to be pretty smart and have a lot of you know options available and resources available So I think it's in America's DNA to be like, you did something smart because you're so rich
Starting point is 00:13:10 you're able to do that. I'm mad at you. So I understand initial frustration and shock from the numbers. But again, if you just think about it, it's 10 years 460 mil with a completion bonus, you're all good. You can still be upset, but you don't have to feel that dumb. People don't like feeling dumb.
Starting point is 00:13:29 And this contract for like 12 hours made me, feel incredibly dumb and I didn't like that feeling. There was an LB trade rumors article about the whole thing that people were not happy with, but like the way they talked about it, I agreed with most of it. The fact that that number came out with no, I mean, so the secrecy worked until it didn't. Because we had no clarification on the details of the contract, everyone saw 10 years, 700 million and we were like, holy shit, like, okay, $70 million a year. we didn't have the information.
Starting point is 00:14:04 We were jumping to conclusions. If it would have came out the other way, like you said, first, hey guys, this is what it is, and we knew it all right away, it wouldn't have been this big hoop law. But the fact that everyone had 10 years, 700,000, 70AV a year in their head, and then all of a sudden it got switched,
Starting point is 00:14:26 I think that was the main problem here. You mentioned people don't like feeling, stupid. And people kind of like secrets. I don't know if this is a secret anymore, but kudo popcorn. It's the official popcorn of UFC. Jim's got a bag right there.
Starting point is 00:14:44 He's got the garlic farm. They've got other flavors. You know I'm a white cheddar girl at heart. And you put Jimmy around some salty, sweet kettle corn. Watch your fingers. Do they have kettle corn? Watch your fingers. That's all I'm...
Starting point is 00:14:58 Are you guys fucking joking me? That's why. one of Jimmy's weak spots. You and me both sister. Kudo Popcorn, the official popcorn, official protein popcorn of the UFC. My Jessica, big poppy corn girl, that's kind of her go-to snack. Mmm.
Starting point is 00:15:15 Mm. Okay. And you'll be amazed how Kudo Popcorn has somehow made your favorite, healthy snack, tastier and healthier, and for a limited time only. Code Baseball will give you 25% off at kudosnacks.com. 25% off with Code Baseball, KU-D-O-Snacks.com. Save some money with the official protein popcorn of the UFC. You know there's a link in the description.
Starting point is 00:15:43 How you doing over there? I love kettle corn. Big kettle corn guy. Jimmy crack corn. Kind of my Swedish fish. My hand doesn't stop. And for me, the kudo 25%. That's kind of like a 2% discount over the next 10 years.
Starting point is 00:16:02 that you can... Two and a half. Is keto like something that people have to be because of health reasons, or is it just a diet? So I think this is unrelated. I don't think this is keto. This is keto-friendly. Oh, perfectly.
Starting point is 00:16:20 Perfectly. Perfectly. Perfectly. No, I think keto's... No carbs? Just a diet? I think there's like a carb-light version of keto. Just a diet?
Starting point is 00:16:32 Yeah. They get a lot of, like, attention. I think it works. I think it's one that's, like, for, like, people who are healthy and not just, like, a weight loss type diet. Can I ask a question? Jimmy's mentioning his mental math to get to the 10 for 40, 10 years, 46 per signed bonus. If it's going to count costs, the Dodgers are going to treat the 45 million. against the competitive balance tax because that's what it is.
Starting point is 00:17:07 Why? Why didn't, why wouldn't Shohay try to get more of that? Like if they're going to, if they're going to feel that on their competitive balance tax anyway, why wouldn't you get more of that money now? Is that a fair question or no? What's the math? Like why wouldn't he do $10 million every year instead of two? Like, why wouldn't he, could he get $45?
Starting point is 00:17:32 million a year and then get everything else after. And for one million a year for however long. That's where I wanted to go. There is a benefit for the Dodgers not having to do that and only happening on the CBT. There is something. And again, people, we're just talking about this. We're not freaking contract experts.
Starting point is 00:17:51 So I'm actually on the... We've been trying to depict that we're contract experts. We did keto and taxes today, which is basically what we do. I sorted it with a completion bonus. Label it as a lifestyle pod today, BBD. If you were talking for me to answer the question, I'm trying to find it out right now. Okay. I'm looking right now because I did.
Starting point is 00:18:12 There is something, I mean, it benefits to Dodgers in some way because they're saving money. I think it is the 4% that you mentioned. They're not having to pay that. Let me go through this. Well, wait, hold on. Keep talking about keto. Hold on on. The 68 mil becomes 44 mil at present value, right?
Starting point is 00:18:32 Then you add the 2 mil to get to 46. So there's a, there's calculations there. If you want that two, it'll be 10, then you have to get the present value to be, you know, maybe you have to extend it 20 years to get the present value to be even lower to get that to be like 30. And then you add the 10 to get to, or, you know, 34. And then you add the 10 to get to 44. So it is part of the equation. The 68 mil deferred becomes 44.
Starting point is 00:19:05 And then you add the 2 million. So that two million that you're talking about, Jake, is part of the equation. So if you wanted, if the Dodgers said, we can't put more than 46 on the books, then show, hey, and the years of how when it's going to get deferral, because that affects the present value and the money he's going to get paid right now, there's a lever. There's like two levers that go. So if he wants...
Starting point is 00:19:29 That's what I'm asking. Why wouldn't you hit the other lever more? Because the Dodgers might not want to extend the deferrals past, 20 years. Why would they care? I don't know. Someone cares about something here. Every time you stretch out the money over more years, all the finance pros, Jim, and like, oh, that's an incredible deal.
Starting point is 00:19:48 My head, I'm trying. There's a paragraph here, if you want me to read it, I still don't understand it. I'll give it to the peep, though. Otani's contract structure does present a big advantage to the Dodgers. Bam. First sentence. I mean, they're actually paying him $2 million a year. arbitration eligible utility players or relievers make more.
Starting point is 00:20:09 Paying Otani so little seems ludicrous in that sense, even if it is within the rules. A team's CBT payroll uses the average annual value of each contract, and that determines their luxury taxes. But teams also operate off real payrolls where a player on a two-year, 20 million deal might actually be paid $5 million in the first year and $15 million in the second, despite his 10 million CBT hit. That didn't explain anything. I don't know.
Starting point is 00:20:34 No, that took us back to... We lost. We lost them. We already know that. AAV is not per year. It's total lump sum. Hold on. The Dodgers have a certain budget or target with that real payroll.
Starting point is 00:20:49 And instead of paying Otani $46 million on that payroll, they're actually paying him less than Austin Barnes. That means in theory the Dodgers can more easily afford to add more quality players such as Yamamoto. Didn't it love seeing Austin Barnes as 3.5 mentioned in a lot of articles this one. It felt like, you know, we didn't need that ricochet. Awesome, Barnes, you earn that three and a half, Pop. Don't buy Shoah at dinner.
Starting point is 00:21:11 The Dodgers were smart to do this. I'm going pinky first. I don't know why. Dodgers were smart to do this. Shohei wanted to do this. Shohei has the ability to do this because of what he earns off the field and because he just has already made $50 million
Starting point is 00:21:27 and whatever. He's going to get paid all this money. I think there's so many things that it all adds up. Yeah, some people are mad about it. but for the wrong reasons, but I think there are some reasons you can be mad about it. All right, Jake. Think what you want to do here?
Starting point is 00:21:42 I have the calculators. You want me to get Show Hey, more money right now, but say the Dodgers have a fine line at 40, they aren't going to go above 46 AAB. That's what I'm, I guess that's what I'm saying. There's a missing link in my head that if, if it's going to,
Starting point is 00:21:55 you want them to get 10 mil right now? I want them to get 46 mil right now. So that would defer, what's 70 minus 46 for everyone at home. That can't do it. For everyone that can't do that. Okay, I get, I get it. I get what's happening now.
Starting point is 00:22:08 34, 24. 24. I get what's happening now. Hold on, hold on. I mean, I get it what's happening. I'm doing it. No. The 46th, that's just adding on to a fake amount, the CBT amount.
Starting point is 00:22:23 They're actually obviously not paying 46. It just adds until they get to a certain point where they'll have to pay the tax. I have a feeling you're so lost that we're ahead of you at this point. No, no, no. you're not. I'm not. I'm not. Or maybe I am. But I finally got it. I finally got it in my head. I don't think you haven't. In the nicest way. Jake, you want him to get 40 a year?
Starting point is 00:22:49 46. That's what the Dodgers competitive balance tax is seeing. I'm wondering why. They're not paying that. That's just a fake number. It's just a fake number. It's a present value number. But like you're saying like every. team in baseball does, they're going to respect that competitive balance tax because they have to pay on top of that. Listen to me. Yes.
Starting point is 00:23:11 Yes. I think you weren't listening when I was doing the levers thing. There's two numbers that go into that fake 46, right? There's one, the number of how much they're paying him. That's $2 million. And then there's two, the present value of what's remaining. What's remaining is 68. The present value of that is 44.
Starting point is 00:23:31 44 plus 2 is 46. So Jake's trying to get the number two up to 40 or what you said, 46, which would leave 24 mil a year being deferred. And at a 4.3 discount over 10 years, that would be 15.7. So that would be a cap hit of 46 plus 15.7, which is like 62. So that's probably the Dodgers don't want to do that. So now we've got to find the balance of all of this to get the final number to 46. So say you want him to take just 20 million years.
Starting point is 00:24:16 I think we're going too far into this. I think I figured out the simplified version of this. Okay. Treve, your turn. Okay. Teams operate with an actual payroll. Like, hey, let's just say 200. We're going to go 200 round number here, right? They're willing to spend this year $200 million on their.
Starting point is 00:24:34 payroll. Now there is the tax and let's just say that is you know 200 the first tier. Let's just call it 200. That's the first tier. They are counting $44 million on that
Starting point is 00:24:49 fictional CBT number but they're actually not paying it. So the only thing they'll be paying that on is would they go over the tax which is at the first time is 25 cents on the dollar I believe it is and they did reset it so i think that's what it'll be for them so they're not shelling out
Starting point is 00:25:09 46 million dollars they're actually only shelling out 25% of 44 if they go over that so not actually paying it it's just added on to the number of the CBT and if they do cross the first threshold they'll pay 25 cents in the dollar for that they're not actually paying yeah i think we're having two different yes they're not they're paying him two million dollars and then after that ends are paying him 68 a year for 10 years. Yes. Jake, it's very hard to find the number you want. If they don't want to go above 50.
Starting point is 00:25:43 Right. So the best thing I did for you was say he took 5 mil a year. Okay. That would leave 65 a year getting deferred. And at the current discount rate over 10 years, that 65 becomes 42.6 plus 5 becomes 47.6. so that's higher A.AV than the 46 they're at. But I only got him three mil more current day.
Starting point is 00:26:08 Yeah, he doesn't care about that. So the Dodgers must care about the AAV number. And maybe we've heard agents want, I want to set the record for highest AAB. So maybe Shoah wanted it to land. Oh, yeah. Shoah wanted the highest ABA. So then he had to take 2 mil now.
Starting point is 00:26:27 So will Showhaye's contract be on the books for the CBT? after 2034. He comes off after the 10 years. According to my knowledge, yes. According to my knowledge, no. They're already doing present-day value now. That's where I think the miscommunication is, because it's still listed as a 10-year contract.
Starting point is 00:26:49 It is. So he's getting, that's why he gets the 46 hit now. It's not when he's done playing, there's no CBT hit. Okay. Maybe. It just affects their money. Missing something. Yeah. Yeah. He will not be on the CBT. after the 10 years is up?
Starting point is 00:27:04 Because I get all the finance people coming out and being like, well, you know, show it, you get some money now, you invest it, 7% interest, blah, blah, blah, sure. But it feels like I'm missing one detail there with CBT and how Otani could get more money now and deferments later because if those deferments aren't going against their CBT, then I feel like there's a better way to figure that out. And I guess the other question for me would be,
Starting point is 00:27:32 Is the basic way to look at this, kind of where Jimmy started, like the 10 for 46, like to get to 10 to 700 million, do we think they factored in, like, a fake inflation? Like how we kind of talked about how, you know, this contract in 10 years, there's going to be players that make more than 50 million a year
Starting point is 00:27:56 or whatever it is. So basically, this was like an 8, an eight-year $450 million contract, but they factored in just funny money inflation? Yes. They got it to $46 million, AAB, because that's the highest ever in baseball.
Starting point is 00:28:19 They definitely wanted to do that. And that's it, man. I think a lot of it was just the initial shock of 10 years, $700 million, without any additional context. We got the context. People freaked out about it. I think if they got the context first, it would have been a different story.
Starting point is 00:28:36 I just waved my hand, like, across the screen 10 times. That was what. Didn't even mean to do that. I don't know if we accomplished anything. What are you crunching over there, Jim? I'm very interested in what you, like, offered. Thank you. I want to find, I want to find out, you know, so if he wanted, if he wanted 40 mil now, right?
Starting point is 00:29:00 That means he's a year, 40 mil a year now, which kind of what you wanted. you wanted 46, but 40 mil now a year. That means he's deferring 30. So the AAV is going to be 40 plus the present value of that 30. So to keep it around 6 million, if the Dodgers want to stay under 50 on the AV, I need to turn that 30 million into 10 million present value. And to do that, I would need to defer it over 25,
Starting point is 00:29:35 that's 10.4, 28 years. So if he deferred it over 28 years, he could take 40 on the books now, and the Dodgers would be paying 49 AAV. But that's a 28-year deferment. Right. Plus the 10. But I guess if we're doing all the finance bro stuff,
Starting point is 00:29:58 and hello lady finance bros as well, welcome. Like, isn't that equation, be like if Otani can get his hands on another 38 million a year now he can make that money go to work for him like isn't that the whole lump sum equation that the whole point of this was he didn't want to put 46 million dollars on the actual payroll he wanted it to only be two million dollars on the CBT he's going to have that but not but Jake saying but Jake saying the opposite Jake saying take money now if he of course that's better for Otani yeah Like the teams are still, the Los Angeles Dodgers are still going to treat their competitive balance tax like there's $46 million on the books.
Starting point is 00:30:42 They're not going to treat it like $2 million. So if they're going to do that and your show hey, you should get that money, Pop. Is there laws against deferrals? No, but I think that's, you guys, we're missing it right now because they're only going to pay if they go over the first tier, 25 cents on the dollar. They're not actually paying dollar for dollar If he was to make $46 million on payroll I don't even know if the tax comes into the exercise Jake's doing It does
Starting point is 00:31:15 It does I'm seeing this I'm seeing the board clearly right now guys I'm on it I think we're doing too much I'm like rain man I was just doing a brain exercise of how do they stay The AAB under 50
Starting point is 00:31:27 With Otani getting the most money he can How long would they have to defer the rest And what would the rest have to be That's a brain exercise He's real world application. I have a Google sheet. It's open. If anyone wants that brain,
Starting point is 00:31:39 if we combined powers, we would just rule the world right now, James. Yeah. Okay, a couple more cues. Yeah. Throw them at us, punk. So, number one.
Starting point is 00:31:51 Yeah. We all agree on Shohei did this contract to be a team guy and bring in more baseball players. Yeah. We all agree. And BBD things work out.
Starting point is 00:32:00 Look at me. Look at me. Now he's a villain. Right. That's what I said. Look at me. me, look at me. Number two.
Starting point is 00:32:10 Every, well, Trev, you're going to take this the wrong way, delightfully. Every large market team should have been on this contract, right? Yeah. I mean, without a TV deal in hand, I can see how some teams can't do this. because the 10 years, they don't know what their finances are going to be. If you have to pay out $68 million to someone in 10 years and you don't even know what you're going to be making,
Starting point is 00:32:44 you can't necessarily do it. I think that's the case. That's what teams are going to say, right? Again, let's, to keep this to the big boys for now, Dodgers, Mets, Yankees have their own network. They could do this. Red Sox, Cubs, Toronto. Yes, if you have your own network, you can do this.
Starting point is 00:33:03 could have done this and that's what they said that Toronto was like the same all the deals were probably going to be this because he brought it to the table he presented he presented this to every team he talked to
Starting point is 00:33:15 yes that got to the point of even talking about numbers it's kind of nuts yeah it is nuts that's why we're talking about it for the third straight day what does it mean
Starting point is 00:33:34 they're going to get Yamamoto now that's what I think fuckers it just means they're going to get somebody right It doesn't have to be Yamamoto, but... Well, no, it was weird. On yesterday's talking Yanks episode,
Starting point is 00:33:44 you said you were willing to bet BVD's life that Yamamoto would be a Yankee. Yep. And then last night, I said, I now think Yamamoto's a Dodger. Right. A lot of people are tweeting at me like I passed away. Then people put it in, like,
Starting point is 00:33:58 Reddit as if I was reporting something. I am dumber than you guys. Can we just, like, get that through everyone's head? I don't know about that. There's some dummies out there. I don't know. She already wrote your... about Yamamoto
Starting point is 00:34:10 I mean it's kind of nice to be able to They posted and Reddit and then it's just like 100 comments Like he doesn't know shit It's like yeah Yeah
Starting point is 00:34:17 I just think that they're gonna get him now Punk Come to the Yankees Everything we've said speculating Yamamoto has been just that If I'm the Yankees I just nag the hell out of him Oh wow second fiddle
Starting point is 00:34:30 Okay wow I did see that the Dodgers are after Josh Hater and Yamamoto So that's What are the Dodgers even why? on with Yamamoto. They already got all Sapporo's money on all the Japanese advertisers. They're not going to like double invest because you got give they want the advertisers want another team. So what do the Dodgers even need for us? Pitching.
Starting point is 00:34:54 I've just go turn a minor league or into them. I've convinced. I've convinced myself haters a Dodger. Yeah, that makes too much sense. They can jump in there. Convince myself haters a Dodger. Get Snow too. Still mad at Ness, actually. Now they keep thinking. when did you last reach out to him I texted him yesterday at 1221 right afternoon I said you're gonna come on our show once this is all finalized
Starting point is 00:35:20 the people are asking because I did it I said her show his agent most people said show his agent I got crickets dude and this guy's approaching 24 hours I've known him since I was eight years old
Starting point is 00:35:32 Tom the duck I didn't ask you for one single thing all during this O-Tani free agency. You knew Ness since he were years old? Yeah, he's, his background's amazing. He was my brother's travel ball coach. He was a minor league player first,
Starting point is 00:35:48 got hurt in a construction accident, played with Omar Visckel. Like, there's a lot of background here. He's worked his way up, guys. But now, I'm mad at him. So he's out. My Google sheet's lacking, because I don't know the formula
Starting point is 00:36:06 that calculator.comnet uses. then that's it. Yeah, I clicked on another article and I got, I took steps backwards. And that's kind of the process with this. That's kind of the process with this. That's the whole process with this, Jim.
Starting point is 00:36:24 I think you need to appreciate that. You're going to take some steps forward. You're going to take some steps back. Okay. Well, I'm trying to say you want them to get 46 right now. Right. And everyone knows that 70 minus 46 is 24. Right.
Starting point is 00:36:34 So let's defer that 24 mil down to fucking nothing. 50 years, it becomes 2.4. 9 mil. So if they deferred this over 2.9 mil, his AAB would be a 49 mil. Why don't you do that? Subscribe. If you're grandkids with less hassle, Dodgers owners. I inherited my dad's business.
Starting point is 00:37:01 Oh, I'm paying show a 20 mil a year until I die. I think Mookie and Freddie have a little bit deferred too. So he's kind of dunking on them. Yeah, he got deferred money. I want to know the legislature, legislature about deferrals. If I'm a bank, can I just deferred? until I'm dead? Let me know.
Starting point is 00:37:18 Thanks for listening. Subscribe. I have a question. Yeah. It's kind of not about the contracts. Yeah. Trev. Dodgers road trips.
Starting point is 00:37:28 Labels is a finance pod, actually, beeps. Who's buying dinner? Like, how does that work? You've got Freddie Mokey and Shohei. Showe's poor shit, man. Joe's broke. Yeah, they can poor shame.
Starting point is 00:37:40 He's going to show up with a big dick Barnes. Bad haircut. He's salary on the team. Imagine he shows up just like, Like, yeah, bad haircuts. That was me out to dinner with Archer and Flaherty. Oh, I can't reach. Stop swearing.
Starting point is 00:37:55 Jess, can you grab that for me? It sucks, though, because it got reported how much he made off the field. So he's, like, kind of on the hook still. Whoa, what was it? They said close to 50. 40 and 50? Mill? Yeah.
Starting point is 00:38:09 That's why he can do this people. That's why three Dodgers. He's making close to 50 minutes. And the Dodgers now get to tap into that. This is a one of one. I have a feeling that number goes up as a Dodger for Shoah. I'm not a Dodger fan.
Starting point is 00:38:24 I know I have my beautiful Mova Globe here, but I'm not a Dodger fan. It wasn't even a Dodger fan when I grew up in L.A. I like the Dodgers. Know what I will say, though. You're one of the biggest L.A. fans. I know. Oh, I love...
Starting point is 00:38:38 Well, yeah. That's why I stayed here and paid all these taxes. I love California. Very much. Very much. Very much. Go Rams. You mean kettle corn over there?
Starting point is 00:38:51 Rams. Oh, boy. Don't you know John Boy Media football? It's sick. Check the YouTube out. Good channel. Tommy DeVito, you are his agent. How much would his agent have taken away for this combo?
Starting point is 00:39:10 He would not have deferred anything. He's like, I don't do deferment. I need the money. They would have added. Cash. Cash today. Do you think he do you do? he was going to look like that and like people are going to
Starting point is 00:39:24 Or is that just how he dresses? Somebody sent our social team like his Instagram account. He dresses like that. He loves it, man. Handshake only deals for him. Handshake, but he puts your hand on his hip to feel the gun.

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