Why did Snell say he would get a pension after 93.4 billion won? LAD as clear as possible

Dec 05, 2024

Why did Snell say he would get a pension after 93.4 billion won? LAD as clear as possible
LA Dodgers Blake Snell and girlfriend Hailey Mar pose at the joining ceremony at Dodger Stadium on the 4th (Korea time). AFP Yonhap News



Why did Snell say he would get a pension after 93.4 billion won? LAD as clear as possible
Snell and agent Scott Boras. AFP Yonhap News
FA left-hander Blake Snell said at the LA Dodgers joining ceremony held at Dodger Stadium on the 4th (Korea time), "It was a really easy decision. My girlfriend Hayley and I wanted to live hereWhen I saw the Dodgers, I just wanted to be a part of it in terms of power and performance. Look at the top three hitters. It's hard to deal with. But I know they hit for me when I'm in the opposite position. The part that makes me really excited."

The top three players in the Dodgers' lineup are Shohei Ohtani, Mookie Betts, and Freddie Freeman. In other words, he chose the Dodgers after seeing the bats of former MVP players.

Snell signed a five-year, $182 million contract with the Dodgers. In detail, the club option of $10 million in annual salary was set on the condition that the Sinning Bonus is $52 million and that it will be on the injured list for more than 90 consecutive days without being traded before that in 2030. In other words, if Snell spends five years of his contract healthy, he will become an FA again after the 2029 season.




Why did Snell say he would get a pension after 93.4 billion won? LAD as clear as possible
Blake Snell wears a jersey as President Andrew Friedman looks on. AP Yonhap News
The clause to be noted is also in the 'deferrals' section. Of the total amount, 36.3% or $66 million (about 93.4 billion won) will be divided equally for 12 years from 2035 to 2046. The Sinning Bonus will be paid on January 20 next year, and $64 million of the remaining $130 million will be paid annually for five years, and the remaining $66 million will be paid in installments of $5.5 million for 12 years from 2035. People aged 43 to 54 will receive $5.5 million every year.

The current value of the total $182 million, taking into account the payment grace period, is approximately $158.68 million. In other words, the annual average (AAV) of $31.7335 million will be subject to luxury tax. According to the ML player union's current price calculation method, its value is lower to $150.336 million.

The Dodgers are applying the payment moratorium to almost all players on long-term contracts.




ESPN responded 'Juss' contract with six former MVP top three players, Snell, Tyler Glasnow, and Yamamoto Yoshinobu, is worth $1.87 billion. And a lot of that money is paid much later after the end of the contract period' Betts, Freeman, Snell, and Ohtani set a moratorium on payments. Tommy Edman, same goes for Will Smith.

As ESPN mentioned, the total amount of payment deferral for these seven people amounts to $1.065 billion (about 1.4244 trillion won). The Dodgers have 19 years to pay for the money from 2028 to 2046. In the case of Ohtani, it will receive $680 million, or 97.1% of the total, over a 10-year period from 2035 to 2043.






This article was translated by Naver AI translator.