Japanese baseball player Shohei Ohtani attends a press conference on his presentation after signing a 10-year deal with the Los Angeles Dodgers at Dodgers Stadium in Los Angeles, California, on Dec. 14, 2023. At first glance, Shohei Ohtani's $700 million, 10-year deal with the Los Angeles Dodgers is nothing short of a Ruthian blockbuster, topping all other free agent pacts. The deal was originally reported as a $700 million, 10-year deal, which drastically tops all previous MLB contracts in terms of total compensation and average annual value. And on the other side of the spectrum, annual inflation was consistently less than 2% for much of the 2010s. For him, the decision to sign the deal with the Dodgers had more to do with earning things on the field than off.

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Persons: Shohei Ohtani, Colin Gerrety, Mookie Betts, Freddie Freeman, Chavez, we've, Christopher Woods, Woods, he's, It's, I'm, Ohtani, David K, Li Organizations: Los Angeles Dodgers, Dodgers, NBC, Wealth, Los Angeles Angels, MLB, The Dodgers, Star, Silvis, Labor Department, Federal Reserve Locations: Los Angeles , California, Vienna , Virginia, Charlotte , North Carolina, L.A