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Key Man Clause

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sports-business12 days ago•4 min saved

Ohtani unlikely to trigger opt-out amid Dodgers ownership chatter

Shohei Ohtani’s contract includes a rare key-man clause allowing him to opt out if Mark Walter or Dodgers president of baseball operations Andrew Friedman left, but league sources say he’s unlikely to exercise it even if Walter sells the team. Ohtani’s camp views leadership continuity and the Dodgers’ commitment to reinvesting his contract as reasons to stay, despite ownership rumors and the Lakers’ sale. The Dodgers have emphasized stability under Walter and Friedman, and Ohtani remains under contract through 2033.

via The New York Times|

#andrew-friedman #key-man-clause #los-angeles-dodgers

sports2 years ago•4 min saved

Shohei Ohtani's Dodgers deal sparks excitement and debate

Shohei Ohtani, the Los Angeles Dodgers' newest player, has included a "key man" clause in his 10-year contract, ensuring that the team's CEO, Mark Walter, and president of baseball operations, Andrew Friedman, remain with the organization for as long as he's there. If either Walter or Friedman leaves their current roles, Ohtani has the option to opt out of his contract. This clause demonstrates Ohtani's desire for stability and alignment within the organization, as he believes that having these key power brokers in place is crucial for a winning team.

via The Athletic|

#andrew-friedman #key-man-clause #los-angeles-dodgers