All articles tagged with #mlb contract
New Mets outfielder Bo Bichette is 0-for-5 with 8 strikeouts and 1 RBI in his first three games, drawing loud boos at Citi Field after a seventh-inning strikeout. Bichette acknowledged his poor at-bats as he and the Mets look to rebound, with a road series against the Cardinals upcoming. His three-year, $126 million deal features a $42 million average annual value and opt-out options after 2026 and 2027.
Shohei Ohtani's record-setting contract with the Los Angeles Dodgers includes a unique bonus: the potential to mostly avoid California's high income taxes. With 97% of his income deferred, Ohtani could choose not to live in California after his playing career ends, potentially avoiding the state's 13.3% income tax and 1.1% payroll tax. The details of Ohtani's contract appear to fit within a federal law that prohibits states from taxing the retirement incomes of former residents. While the exact amount of state taxes Ohtani will pay is unknown, his contract highlights the impact of wealthy residents on California's finances.