Juan Soto

An amount that's equivalent to the cost of paying him $46M a year for 10 years.

For those still having trouble here:

• If the Dodgers hand over $700M on day one of a ten-year contract and Ohtani invests it at (an MLB-assumed) 4.5% return, Ohtani ends up with $1.01B after ten years.
  
• If the Dodgers invest $700M at 4.5% interest for ten years, they have $1.01B from which they could pay Ohtani $700M at the end and pocket the difference. Ohtani gets less, the Dodgers get more, and this is a zero-sum game. The contract is worth $301M less to Ohtani and $301M more to the Dodgers. One contract is a much bigger contract than the other. it would be silly to insist on referring to both of these as "10-year $700M contracts".
• If the Dodgers invest $450M at 4.5% interest for ten years, they have $700M to hand over to Ohtani at the end. This is roughly what happened, and also not what we mean by "a 10-year $700M contract".

Yeah but how much will your clothes be worth in 2023 dollars by 2043? 

We need a new TOR (Tide, Oxi-Clean, Revive) guy in the clubhouse. The new uniforms don't come clean like the older, better unis.

We can crowdfund a laundry folding robot, make Soto the spokesman, boom, billionaire.

Edit: Translation of above tweet is Sox will make largest offer in franchise history to Soto.

In fairness to that tweet in particular, they would have to offer Soto the largest contract in team history in order to have any shot of signing him. Something I am quite sure that they know by now. Doesn't mean they are getting Soto.

FWIW, ESPN Insider surveyed 18 league execs and insiders and none have the Red Sox signing Soto. Twelve of the 18 say Yankees, the logic being "Do you think George Steinbrenner would allow one of the best players in the world to leave?"

Additionally, it seems just a very small amount of those queried (never more than 2) have the Sox as destinations for Burnes, Snell, Fried or Crochet.

Throw that article in the trash.

These are not your fathers yankees.
And they have never been the George Steinbrener yankees in more than 10 years

The Tanaka/McCann/Ellsbury/Beltran offseason was the last time I got triggered by a Yankees spending spree, and it didn't really work out too well for them then.

As for the Pepen tweet, I could have also tweeted that (in English).

George Stienbrenner died 14 years ago.

*Suzyn Waldman voice* Oh my goodness gracious! Of all the dramatic things I've ever seen, George Steinbrenner is in Hal Steinbrenner's box!

This is going to be one slow week. Cant believe it’s only Tuesday morning

“Good morning, my people!
Happy Tuesday!

All industry sources indicate that #RedSox will make the highest offer in the history of the franchise for Juan Soto.

At the moment, they aim to be one of the three teams #MLB that will spend the most on free agents…

We continue, Positive and OK.”

Might as well be in French for how useful it is haha

Consider a more familiar example. Imagine that someone wins a $30,000,000 Powerball jackpot. The lottery commission will give the winner a choice between receiving a lump sum of around $14,000,000 or gradually increasing annuity payments totaling $30,000,000 that are doled out over 30 years, on the assumption that a $14,000,000 lump sum today has similar value to $30,000,000 in annuity payments.

What's the "value" of those lottery winnings? What people are saying (and the premise of the luxury tax rule) is that the winnings are worth $14,000,000 because that's what they're worth today.

Or consider damages awarded in legal claims, which are calculated in terms of present value. That means that a salary lost 20 years in the future (because of a tortious injury or death) will compensated in an (much lower) amount today that, if invested reasonably, would grow into that projected 2044 salary. It's the inverse of the lottery example. The point is that payments are made (and taxed) according to present value all the time.