Shohei Ohtani- $700 Million Contract

Feliciano School of Business professors Todd Federman and David Axlerod from the Department of Economics discuss Los Angeles Dodgers pitcher Shohei Ohtani's $700 million contract. The contract covers 10 years of play but will be paid out over 20 years. The video explains how the contract is beneficial to both Ohtani and the Los Angeles Dodgers through business concepts like present value, elasticity, inflation, and supply and demand.