In sports news, this piece on ESPN caught my eye:

Los Angeles now owes deferred payments of $1,006,500,000 to seven players.

“It’s just how you account for it,” Dodgers president of baseball operations Andrew Friedman said Tuesday at a news conference to introduce Snell. “You have to fund a lot of it right now, and having that money go to work for you, we have – a lot of our ownership group are from financial background and can have that money going to work right now, and just making it – not something that sneaks up on us. We’re not going to wake up in 2035 and [say], ‘Oh my God, that’s right. We have this money due.’ We’ll plan for it along the way.”

This is incredible. Over a billion dollars in deferred payments. Is this the future of sports salaries? How do any teams besides the big spenders keep up with this?