Shohei Ohtani, the coveted two-way phenom, has made a groundbreaking announcement via Instagram, revealing his decision to join the Los Angeles Dodgers in a record-breaking free-agent deal. The agreement, worth a staggering $700 million over 10 years, has shattered MLB's previous records for total contract value and average annual value.

According to reports from ESPN's Jeff Passan, Ohtani's deal surpasses his teammate Mike Trout's previous record of $426.5 million for total contract value, while also exceeding the average annual value (AAV) record held by Justin Verlander and Max Scherzer at $43.3 million. This incredible contract now places Ohtani as not only the highest-paid player in MLB history but also reaffirms his status as one of the most valuable players in the game.

Mark Feinsand of MLB.com reveals that Ohtani's contract includes "unprecedented deferrals" at his request. These deferrals are designed to mitigate the competitive balance tax and alleviate any cash-flow burdens associated with his colossal deal. It is a testament to Ohtani's strategic approach to ensure the long-term success and stability of the Dodgers organization.

Although the 29-year-old Ohtani will begin his tenure with the Dodgers as a full-time designated hitter due to an undisclosed elbow procedure, he plans to return to the mound in 2025. Despite concerns surrounding his surgery, Ohtani has defied expectations throughout his career, and his ability to excel on both offense and defense has made him one of the most highly anticipated free agents in recent memory.

The Dodgers have long been viewed as the frontrunners in the pursuit of Ohtani. With their financial prowess and a decade of regular season dominance, the team was determined to secure Ohtani's services and bolster their chances of adding to their sole World Series title. While there were anxieties within and outside the organization regarding maintaining Ohtani's privacy, the Dodgers ultimately succeeded in acquiring their coveted star.

During his tenure with the Los Angeles Angels, Ohtani showcased his immense talent, despite the team's failure to make the playoffs. The Japanese sensation joined the Angels in 2017, after an impressive career in Japan's Nippon Professional Baseball as a two-way player for the Hokkaido Nippon-Ham Fighters. Despite enduring Tommy John surgery early in his career and facing setbacks, Ohtani's talent and potential were undeniable.

The past three seasons have cemented Ohtani's status as a baseball superstar. He captured the attention of fans and pundits alike, winning the Rookie of the Year award in 2018 and earning the American League MVP twice. His performance in 2021 exceeded even legendary two-way player Babe Ruth, leaving an indelible mark on the game.

As Ohtani embarks on this historic deal with the Dodgers, questions linger about his longevity and durability as he approaches his 30s. While his body has endured multiple surgeries, there is optimism that Ohtani will continue to be an elite player, defying the odds and leaving a lasting impact on the sport.

The Dodgers' bold move to secure Shohei Ohtani underscores their ambition to dominate the game and pave the way for a new era of baseball. With his unparalleled skill set and immense potential, Ohtani has the potential to shape the future of the sport and solidify his place among baseball's all-time greats. Only time will tell if Ohtani can deliver on the immense expectations that come with his historic contract.