To pile on, there is no Ohtani Rule.Exactly, it might let the Dodger cash flow be OK (do they need it?) but it's still 70M against the CBT for the next 10 seasons, unless there's a new Ohtani rule.
But a contract with big deferrals and these interest rates is going to be valued at a lot less than 700M. How much remains to be seen, but I would guess 600M or less. I bet they got his yearly luxury tax number under 60M.
Mookie's 12 year 365M contract was valued at 306M due to all of the deferrals. He "only" counts as 25M per year for luxury tax purposes (306/12).