Baseball is shaped by strategic decisions both on the field and in the boardroom. 

The signing of a high-profile player like Shohei Ohtani by the Los Angeles Dodgers is a significant event that reflects the interplay of talent evaluation, contract negotiation, and long-term financial planning. 

Such moves are pivotal, potentially influencing the team’s performance and financial health for seasons to come.

In this episode, Corey Heimensen sits down with Zed Heimensen to explore the baseball season and Shohei Ohtani’s landmark signing with the Dodgers. They examine Ohtani’s unique contract, particularly its deferred compensation aspect, the financial implications for the team and player, and the lessons we can learn.

Corey and Zed touch on:

• The unique structure of Shohei Ohtani’s contract with the Los Angeles Dodgers
  
• The concept of deferred compensation
  
• The risks associated with deferred compensation, including inflation, tax rates, and the potential for bankruptcy affecting the contract
  
• The risks faced by both Shohei Ohtani and the Los Angeles Dodgers in the unique contract arrangement
  
• The Dodgers’ deferred contracts and the potential financial implications for the team in the future
  
• Parallels between deferred compensation in sports and everyday financial decisions
  
• And more!
  

Resources:

• “Stop Doing Dumb Things With Your Money” – by Corey Heimensen
  

Connect with Zed Heimensen:

• LinkedIn: Zed Heimensen
  

Connect with Corey Heimensen:

• (712) 472-3867
  
• Toll-Free: 800-657-4316
  
• LinkedIn: Corey Heimensen
  
• Heimensen Wealth Advisors 
  
• Facebook: Heimensen Wealth Advisors
  

About our guest:

Zed Heimensen, a graduate of Morningside University, began working at Heimensen Wealth Advisors in May 2022. Zed graduated with a bachelor’s degree in Finance while serving as the president of the university’s investment club. During his time at Morningside, Zed gained extensive knowledge of the finance industry through internships and high-level coursework.

Zed recognizes the importance of understanding each client’s life story and how their unique paths can impact their short- and long-term financial goals. As a financial advisor, Zed prepares individualized financial plans while fostering genuine client relationships. He holds Securities Registrations 7 and 66.

Outside of work, Zed enjoys golfing, reading, and spending time with his family and friends. Zed is also an avid sports fan, hoping to see the Vikings win a Super Bowl at some point in his life.