Law: Shohei Ohtani's injury is a loss for baseball fans, but he'll still get paid

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Law: Shohei Ohtani's injury is a loss for baseball fans, but he'll still get paid
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Ohtani reportedly generates $70 million in revenue for his team before stepping on the field. Even injured, he's still worth a record deal.

before he throws a pitch or swings a bat, because of all of the additional revenue they get from corporate sponsorships, stadium signage, and merchandise related to Ohtani sold at Angel Stadium. Whatever the real number is — and it would vary by team, as well — it’s going to be enough to make Ohtani the highest-paid player in MLB history.

Because that’s the environment in which MLB players and their agents operate, with 30 owners who ostensibly act as competitors but just as often act as a Supreme Court-sanctioned cartel. Ohtani was never going to be paid his actual worth — what economists call the marginal revenue product of his labor, or how much more cash his team makes from having him on the roster and playing.

At the time of his UCL injury, Ohtani was leading the American League in adjusted OPS+ and adjusted ERA+. There’s one way Ohtani and his agents could try to increase his payout and thus the share of the surplus that would otherwise go to his team — going for short-term deals, trying to set the salary record one time and top it the next. It’s a bet on Ohtani remaining one of the best players in the world, a bet I’d take, and a bet that the top end of player salaries will continue the inexorable rise it’s seen over the last half-century.

None of this can compensate MLB fans for losing Ohtani for any period of time, of course. He’s MLB’s most marketable player right now, with the No. 2 selling jersey this year according to the league . He’s the player your friends who don’t really follow baseball know about. I visited my in-laws recently at their retirement community and a friend of theirs cornered me to ask where Ohtani might be headed. Some of our friends are traveling to Philly from Virginia next week just to see Ohtani play.

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