Sports
Commentary: Agent Nez Balelo 'wouldn't do anything different' with Shohei Ohtani's $700-million deal
The business of sports often is cloaked in secrecy. You can find out the salary of your favorite player, but how much money his team makes and how much money he makes off the field are the stuff of estimates, not public discourse.
Not on Thursday, though. Is Shohei Ohtani really making more than $100 million this year in endorsements?
Nez Balelo, the agent for Ohtani, did not hesitate.
“Absolutely,” Balelo said at Sportico’s Invest West conference at Intuit Dome.
Balelo is not, shall we say, Scott Boras. He does not embrace public speaking. So we dropped by to hear what Balelo had to say after the first full season of Ohtani’s record-breaking $700-million contract with the Dodgers.
The record did not last long. Juan Soto signed for $765 million with the New York Mets last winter.
And, because Ohtani deferred $680 million and Soto deferred $0, and because a dollar today is worth more than a dollar 10 years from today, the actual value of Soto’s contract is $765 million and the actual value of Ohtani’s contract is $460 million.
Regrets?
“Not at all,” Balelo said. “We wouldn’t do anything different. He won a championship. He went to the right team. Why would we do anything different? No regrets. Nothing.”
Not even about the Angels, the team with which Ohtani chose to play the first six seasons of his major league career. The Angels never posted a winning record with Ohtani, let alone won a championship.
They did, however, stand by their commitment to let Ohtani bloom as a two-way player, even after his first Cactus League season was so rough they fielded questions about whether they would demote him to the minor leagues.
“If we had to do it all over again today, we would have done it exactly the same way,” Balelo said. “We would have chosen the Angels back in the day. It was the right place, with the group and Mike (Scioscia) and the whole team over there. They gave him an opportunity. They stuck with him. He had a tough spring. It was the right home for him at the time.”
“The Dodgers are the right home for him now.”
It was with the Angels — and in particular in 2021, when Ohtani won his first most valuable player award — that he blossomed into what Balelo called a “global superstar.”
However, before the start of his final season with the Angels, Balelo and Ohtani decided there would be no talks about an extension.
“We knew we were going to exercise our rights to go into free agency,” Balelo said.
The Angels opted to try to win with Ohtani in 2023 rather than trade him for a desperately needed infusion of young talent. They were three games out of a playoff spot at the end of July and traded prospects for rental help, then finished 16 games out of a playoff spot.
Balelo would not say exactly how many companies Ohtani endorses but put the number in the “low 20s.”
“It’s not like I’m out there pounding the pavement and soliciting companies,” Balelo said. “After 2021 and 2022, we could have really gone crazy. That’s not who he is. He doesn’t want that.”
He is everywhere in Japan, in advertisements above street crossings and at the airport, on television and in magazines. He endorses shoes and skin care products, airlines and watches and so much more.
An electronic billboard spanning nearly a city block featured advertising starring Shohei Ohtani near the Tokyo Dome in March, when the Dodgers were in town to play the Chicago Cubs to open the season.
(Robert Gauthier / Los Angeles Times)
“We have to make sure we don’t overexpose him,” Balelo said.
Say what?
“We could probably have 40 or 50 deals,” Balelo said.
That $100 million in endorsement income enabled Ohtani to offer the Dodgers — and other free-agent finalists, including the Angels — the same deal: $700 million, with $680 deferred. The Angels declined. On Thursday, Balelo condemned what he called the “reckless reporting” of Ohtani’s alleged flight to Toronto to sign with the Blue Jays.
The Dodgers took the deal, promising to use the money they would not be spending on Ohtani right away to sign other players.
“They get it,” Balelo said. “They have the vision.”
Within two weeks of signing Ohtani, they had spent more than $450 million on pitchers Yoshinobu Yamamoto and Tyler Glasnow.
“He knew the marketing leg was doing extremely well,” Balelo said. “He knew it was not about the money. It was more about getting with a team that would appreciate him and understand him and allow him to develop as a two-way player.”
With Ohtani coming off his second elbow reconstruction, Balelo said he wondered whether teams might recruit him only as a hitter. As it turned out, he said, none made such an offer.
Balelo said he could have pursued deals of as many as 15 years, and maybe even longer, but Ohtani rejected those overtures. When his contract with the Dodgers expires, he’ll be 39.
“He just didn’t want to have the end of his storybook career tail off,” Balelo said, “and then in Year 13, 14 and 15: ‘Who is this guy? He can’t even run down to first.’”
That raises the possibility that Balelo already has negotiated Ohtani’s last playing contract, even though Ohtani is 30.
Ohtani already has won three MVP awards, all unanimously. He would have won a fourth if not for Aaron Judge breaking the American League home run record in 2022. No one besides Barry Bonds has won more than three.
So Balelo might not be done negotiating on Ohtani’s behalf after all. The Cooperstown marketing deals await but, fortunately for the Dodgers, not any time soon.
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Austin Reaves nearing return for Lakers as Luka Doncic remains out indefinitely with hamstring strain: report
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In early April, with just five games remaining in the regular season, the Los Angeles Lakers announced that star guard Luka Doncic would be sidelined at least until the NBA playoffs.
Doncic’s setback was a Grade 2 left hamstring strain, an MRI confirmed. The reigning NBA scoring champion sustained the injury during an April 2 game against the Oklahoma City Thunder. The Lakers also entered the playoffs without another key member of their backcourt, Austin Reaves.
The shorthanded Lakers upset the Houston Rockets in the opening game of their first-round Western Conference series Saturday. Ahead of Game 2 on Tuesday, the Lakers reportedly received a clearer update on the health of at least one of their injured stars.
Lakers guard Austin Reaves brings the ball up court against the Washington Wizards in Los Angeles on March 30, 2026. (Ryan Sun/AP)
Reaves, who was diagnosed with an oblique strain, appears to be progressing toward a return later in the first-round series if it extends to six or seven games. If the Lakers advance sooner, he could be on track to return for the Western Conference semifinals.
According to ESPN, Reaves recently returned to the practice court for 1-on-1 drills. The 27-year-old will still need to progress to 2-on-3 and then 5-on-5 work before he can be cleared for playoff action, but he appears significantly further along than Doncic, who remains out indefinitely.
Luka Doncic of the Los Angeles Lakers controls the ball against the Orlando Magic at the Kia Center on March 21, 2026. (Nathan Ray Seebeck/Imagn Images)
Doncic is unlikely to play in the first round, regardless of the series length. ESPN footage showed him on the practice court on Tuesday, though the six-time All-Star was not doing high-intensity work.
2025-26 NBA PLAYOFF ODDS: SPREADS, LINES FOR FIRST-ROUND SERIES
The Rockets, despite being widely favored in the opening round playoffs series, also contended with key injuries. Kevin Durant missed Game 1 with a knee contusion. He was cleared to play in Game 2 on Tuesday night.
Houston Rockets forward Jabari Smith Jr. shoots the ball against the Lakers during Game 1 in the NBA playoffs at Crypto.com Arena in Los Angeles, California, on April 18, 2026. (Kirby Lee/Imagn Images)
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LeBron James scored 19 points, while Luke Kennard led Los Angeles with 27 in Saturday’s win.
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Watching junior right-hander Fabian Bravo of Sun Valley Poly High pitch for the first time, there was something strangely familiar about his windup.
When he turned his back to reveal he was wearing No. 32, everything made sense.
He had to be a fan of Sandy Koufax, the 1960s Hall of Fame left-hander for the Dodgers.
Two friends sitting next to me refused to believe it.
“No way,” one said.
“Kids today have never heard of Sandy Koufax,” another piped in.
Only after Bravo threw a three-hit shutout to beat North Hollywood 3-0 was my belief vindicated.
“I come into the back with my arms and it’s a little bit like a Sandy Koufax kind of thing,” he said. “I wear 32 too. He was the starting pitcher for the Dodgers and was good in the World Series.”
Koufax was perfect-game good on Sept. 9, 1965, against the Chicago Cubs at Dodger Stadium, striking out 14.
Bravo started learning about No. 32 when his parents would bring him to Dodger Stadium as a young boy.
“I always saw No. 32 retired on the wall,” he said. “Once I got to know him, I was able to see who he really was. I felt I could really copy him and get myself deeper into history.”
Bravo is no Koufax in terms of being a power pitcher. He’s 5 feet 10 and 140 pounds. Since last season, when he changed his windup to briefly emulate Koufax’s arms going above his head, he has a 12-3 record. This season he’s 3-1 with a 1.50 ERA.
“I saw his windup and he looked like he was calm and composed and I tried it. I felt more of a rhythm. I was able to calm down and pitch better,” he said.
After Bravo’s arms go up over his head in his windup, he also does a brief hesitation breathing in and out before throwing the ball toward home plate.
“My dad always taught me to breathe in, breathe out before I do anything,” he said.
Nowadays, teenagers seemingly don’t pay much attention to greats of the past, from old ballplayers to Hall of Fame coaches. Ask someone if they know John Wooden, kids today probably don’t. He did win 10 NCAA basketball titles coaching for UCLA. And who was Don Drysdale? Only a Dodger Hall of Fame pitcher alongside Koufax from Van Nuys High.
Bravo is fortunate he’s seen Dodger broadcasts mentioning Koufax at the stadium and on TV, motivating him to learn more, which led to seeing his windup on YouTube.
His older brother also wore No. 32, so no one was getting that uniform number other than a Bravo brother at Poly.
There is another Bravo set to arrive in the fall. Julian Bravo will be a freshman left-handed pitcher and wants No. 32.
“While I’m there he’s going to have to find a new number,” Fabian Bravo said.
Julian might also want to help his big brother gain a few pounds at the dinner table.
“My brother takes food from me,” he said.
As for recognizing Bravo’s Koufax connection, it was No. 32 that provided the clue. How many pitchers in the 1970s were choosing No. 32? A lot. And it’s great to see a 17-year-old in 2026 paying tribute to one of the greatest pitchers ever.
Emulating Koufax is hard, but forgetting him is unforgivable.
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Eli Manning retired in 2019 and missed out in his first year of Hall of Fame eligibility in 2025. He was passed over again earlier this year but still fired back at a fan who claimed one of his contemporaries was the better quarterback.
On Tuesday, a social media user floated a theory about former Atlanta Falcons quarterback Matt Ryan. Ryan, who now oversees football operations as the team’s president, last played in an NFL game in 2022. He announced his retirement in 2024, making him eligible for Hall of Fame consideration beginning in 2028.
“Matt Ryan was a better QB than Eli Manning… people just worship rings. Agree or nah,” the post read.
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New York Giants quarterback Eli Manning greets Atlanta Falcons quarterback Matt Ryan after their game at Mercedes-Benz Stadium in Atlanta, Georgia, on Oct. 22, 2018. (Jason Getz/USA TODAY Sports)
Manning caught wind of the suggestion and weighed in, pointing to the two Super Bowl-winning teams he was part of during his standout run with the New York Giants.
“I will ponder this while I play with my rings…,” Manning wrote in a quote-tweet.
Ryan’s statistical production surpasses Manning’s, at least on paper. He was named NFL MVP in 2016, an honor Manning never earned. Ryan is also the most accomplished player in Falcons history and finished his career with more than 62,000 regular-season passing yards, compared with Manning’s 57,023.
NFC head coach Eli Manning leads a huddle during a practice session before the NFL Pro Bowl at Allegiant Stadium in Las Vegas, Nev., on Feb. 4, 2023. (Michael Owens/Getty Images)
Both quarterbacks were selected to four Pro Bowls, but the key difference lies in championships. Manning won the Super Bowl in 2007 and 2011, while Ryan reached it once but fell short. Manning threw for a single season career-best 4,933 during the run leading up to the second Super Bowl title.
Ryan threw for 284 yards, two touchdowns and no interceptions to help the Falcons build a 25-point lead in the championship game — a matchup remembered for the New England Patriots engineering the largest comeback in Super Bowl history.
Atlanta Falcons quarterback Matt Ryan passes the ball against the Buffalo Bills during the second half at Highmark Stadium in Orchard Park, N.Y., on Jan. 2, 2022. (Rich Barnes/USA TODAY Sports)
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The Falcons have reached the Super Bowl twice in franchise history, first in 1998, but the team is still chasing its first elusive championship.
The Giants marked their 100th season in 2024, winning four Super Bowls over the franchise’s century-long history.
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