Welcome to Rates and barrels. It is Saturday, December 9th.

Derek Van Riper, Enoceros here with you for an emergency Saturday pod.

In what will be a day Dodgers fans, probably remember forever,

Shohay Otani has picked a new home,

and it is as expected from the very beginning, I think,

by many people, the Los Angeles Dodgers,

a 10-year, $700 million deal.

You know, it just got announced by Atani himself in an Instagram post a few minutes ago, so we

haven't had a lot of time for it to sink in. But that was an eye-popping number, and we were

expecting some pretty big numbers on this contract.

Yeah, I guess I have to apologize for my analysis.

I had it at $4.50.

Thought maybe it could climb to five, but seven is a lot.

I think as a caveat, one thing, one news that's coming out, Jeff Passon is reporting a lot of it's deferred.

And he said a significant amount.

So that changes the calculation of what the present dollar value is.

And I know that's kind of boring.

It's kind of important, though, too, because $700 million could be the number that is on the contract, but in terms of present value, maybe it is closer to 600 or

something. If he is deferring like 20 million a year, you know, as far as, you know, somebody like

Strasbourg did, you have to start taking the effects of inflation and kind of reducing that number.

In any case, it's a whole big old number.

And some people were like, well, why you, you know, react to the number so much?

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