Los Angeles Dodgers' catcher Will Smith hit a home run during an exhibition game against the Los Angeles Angels on March 26, 2024, showcasing his prowess on the field. The Dodgers have been making significant moves during the offseason and into the regular season, keeping fans on the edge of their seats.
One of the most notable signings was the massive contract given to Shohei Ohtani, with $680 million in deferred funds. The team also acquired Tyler Glasnow from the Rays, securing him with a five-year, $136.6 million deal. Additionally, they signed Japanese pitcher Yoshinobu Yamamoto to a 12-year, $325 million contract, including a $50 million signing bonus.
Continuing their spree, the Dodgers recently locked in catcher Will Smith with a surprising 10-year, $140 million deal. While Smith is a talented player, the length of the contract raised eyebrows, keeping him with the team until his age 38 season.
Looking at historical data, only a handful of catchers have maintained a starting role through their age 38 season, a feat the Dodgers hope Smith will achieve. The team's aggressive contract structuring reflects their commitment to building a winning franchise for the present and future.
The Dodgers' financial strategy involves front-loading signing bonuses and deferring funds to manage luxury tax implications. Smith's contract includes $30 million upfront and $50 million in deferred payments over the next decade, with a relatively low annual salary for luxury tax purposes.
By extending Smith's contract, the Dodgers aim to secure a key player for the long term while balancing financial considerations. Their willingness to take calculated risks demonstrates their dedication to success both on and off the field, setting high expectations for the upcoming seasons as they strive for a World Series title.
