What's happened
Shohei Ohtani's 10-year, $700 million contract with the Los Angeles Dodgers has set a new record for the highest paid professional athlete in North America.
Why it matters
The deal sets a new standard for athlete compensation and has implications for future Major League Baseball contracts and team sale prices.
What the papers say
The Independent reports that the deal is team-friendly and has benefits for Ohtani, while Axios highlights the potential impact on future MLB team sale prices. Nikkei Asia focuses on the record-breaking nature of the contract, while The New York Times discusses the confounding economics of professional sports and the significant investment in players and teams.
How we got here
Shohei Ohtani, known for his exceptional two-way playing ability, has broken barriers throughout his career, and his record-breaking contract with the Dodgers is the latest milestone.
More on these topics
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Shohei Ohtani, nicknamed "Sho Time", is a Japanese professional baseball pitcher and designated hitter for the Los Angeles Angels of Major League Baseball.
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The Los Angeles Dodgers are an American professional baseball team based in Los Angeles, California. The Dodgers compete in Major League Baseball as a member club of the National League West division.