Shohei Ohtani has announced on Instagram he will sign with the Los Angeles Dodgers on a 10-year, $700 million deal. Ohtani's contract will include most of his salary being conveyed in deferrals, which was an idea from his camp to reduce the cost of the competitive balance tax hit.
Ohtani also considered the Toronto Blue Jays, San Francisco Giants, Chicago Cubs, Los Angeles Angels among others. Ohtani's free agency process was shrouded in mystery as he and his representatives had asked teams to keep all information confidential.
Ohtani is recovering from Tommy John surgery and will only hit during the 2024 season. Ohtani expects to return to pitching in the future.
Ohtani has never reached the playoffs in his career, while the Dodgers have become one of the most reliable competitive teams in the MLB.