Shohei Ohtani’s Deferred Compensation Comes With Shocking Tax Obligations
Withum
FEBRUARY 29, 2024
Sports fans across the world turned their heads when Shohei Ohtani’s record breaking $700 million contract with the Dodgers was announced. While, baseball does not have a salary cap, this payment would have counted towards 30% of Major League Baseball’s (“MLB”) Competitive Balance Tax (CBT) threshold.
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