Major League Baseball

Shohei Ohtani's next team odds including Dodgers, Cubs, Rangers, Blue Jays

Updated Dec. 6, 2023 11:45 a.m. ET

Will the Friendly Confines welcome the biggest free agent of the MLB season?

Baseball free agency is open for business, and all eyes are two-way superstar Shohei Ohtani.

The pitcher and designated hitter/outfielder is expected to sign the biggest contract in MLB history, if not the biggest for North American sports.

The Los Angeles Dodgers (+115) remain the favorite to sign Ohtani, but a pair of teams have recently made big climbs up the oddsboard. The Rangers have the third-best odds to sign Ohtani (+650) after holding the sixth-best odds (+900). The Blue Jays have the fourth-best odds (+700) after previously being tied for 11th (+2000).

The Chicago Cubs still hold the second-best odds at +350.

So, which team will actually sign Ohtani?

The odds always tell a story, so let's dive into the teams favored to land the unicorn.

SHOHEI OHTANI'S 2024 TEAM ODDS*

Los Angeles Dodgers: +115 (bet $10 to win $21.50 total)
Chicago Cubs: +350 (bet $10 to win $45 total)
Texas Rangers: +650 (bet $10 to win $75 total)
Toronto Blue Jays: +700 (bet $10 to win $80 total)
New York Mets: +900 (bet $10 to win $100 total)
San Francisco Giants: +1100 (bet $10 to win $120 total)
New York Yankees: +1200 (bet $10 to win $130 total)
Boston Red Sox: +1500 (bet $10 to win $160 total)
Seattle Mariners: +2000 (bet $10 to win $210 total)
Philadelphia Phillies: +2000 (bet $10 to win $210 total)
Los Angeles Angels: +2000 (bet $10 to win $210 total)
San Diego Padres: +2500 (bet $10 to win $260 total)
Any other team: +2500 (bet $10 to win $260 total)

*odds as of 12/2/2023

Ohtani hit .304 with 1.066 OPS with 44 homers and 95 RBIs last season. As a pitcher, he went 10-5 with a 3.14 ERA before tearing the UCL in his pitching elbow.

Ohtani will be ready to hit at the start of next season but will not pitch again until 2025.

That hasn't cooled off interest in signing Ohtani.

Ben Verlander, FOX Sports MLB Analyst and host of the "Flippin' Bats podcast," recently wrote why he thinks the Rangers are an intriguing fit just prior to their jump in odds to land Ohtani.

"The biggest reason Shohei Ohtani to the Texas Rangers makes sense is the most obvious one: As we have heard over and over, he wants to win, and nobody exemplifies ‘winner’ right now more than the World Series champions," Verlander wrote. "Multiple reports have identified the Rangers as not only a team with interest in Ohtani, but also one he has interest in. "

Here are thoughts on possible Ohtani destinations from FOX Sports' MLB experts.

Dodgers +115

"It just makes the most sense," Verlander recently wrote. "In this scenario, Ohtani stays in Southern California, where he is extremely comfortable. But he also goes to a team that actually competes for the postseason year in and year out and is constantly good enough to win 100 games in the regular season."

Cubs +350

Don't look now, but the Cubs are making some moves, and oddsmakers have taken notice, as the club made a major climb up the oddsboard. The Cubbies opened at +1500 to land him, which was tied for the eighth-highest odds.

Verlander also explained why he thinks the Cubs are a strong suitor to land Ohtani earlier in November.

"I've long considered Chicago [Cubs] a dark horse since it was a factor in the Ohtani sweepstakes when he first came over from Japan in late 2017," Verlander wrote. "He ultimately did not go there in large part because he wanted to be on the West Coast and the universal designated hitter had not yet been implemented.

"Now, however, Ohtani wants to win above all, and the Cubs are making huge moves to show that they want to as well.

"The momentum is there in Chicago, however, and you can feel it," Verlander added. "I believe Ohtani wants to be part of a sustained winner, not a team built to only be good for a short amount of time. And I think the Cubs are on the cusp of building something sustainable that would appeal to him."

FOX Sports MLB Analyst Jordan Shusterman called the Cubs his "wild-card pick."

This Week In Shohei Ohtani News: Will Ohtani end up a Chicago Cub?

Rangers +650

Some might think the reigning World Series champions might not need the game's best player. But four of FOX Sports' MLB writers think the Rangers will be finalists in the Ohtani sweepstakes.

"The fact that the Cubs and Rangers were both among the finalists the first time he was available tells you that he'd at least consider being somewhere other than the West Coast," Rowan Kavner wrote.

"I think the Rangers will be interesting to Ohtani since they just won the World Series," Thosar added.

However, Verlander ultimately predicts that Ohtani won't end up in Texas.

"The Rangers still have to address their rotation in the short term, as deGrom continues to recover from his second Tommy John surgery and Jordan Montgomery is on the open market," Verlander wrote. "Ohtani's contract would likely put the Rangers near the luxury tax threshold without them having addressed those holes in the pitching staff."

Blue Jays +700

Multiple reports have recently indicated that the Blue Jays are a possible dark horse to land Ohtani. An executive reportedly told FOX Sports' Ken Rosenthal that the Blue Jays could be a real outside contender to land him. The Blue Jays are also "serious about pursuing Ohtani," MLB Network reported.

Some executives also believe that Ohtani wants to play in a more hitter-friendly ballpark, which they believe would benefit the Blue Jays, ESPN reported.

Giants +1100

It's long been speculated that Ohtani would prefer to remain on the West Coast due to the proximity to Japan and the easier access his fans back in his native country would have to watch him play. So, it's not a major surprise that the teams with the two best odds are both West Coast squads.

Shusterman agrees that the Giants are one of Ohtani's top-three suitors.

"Dodgers, Giants and Rangers. The Cubs are my wild-card pick. I’ll go Giants, just to pick a team other than the Dodgers," Shusterman wrote.

However, Verlander doesn't view San Francisco as much of a contender to land Ohtani.

"I don't think the San Francisco Giants will be the serious players that many, myself included at points, have thought," Verlander wrote. "It comes down to whether the Giants are an Ohtani away from being World Series champions. I don't think they are, and I doubt Ohtani would either. The Giants have been speculated about a ton as a potential Ohtani destination, and they have the money to pull this off. I just don't think they will."

Will Shohei Ohtani win his second unanimous AL MVP?

Mets +900

New York's National League team has long been viewed as a possible landing spot for Ohtani because of owner Steve Cohen's willingness to spend.

Over the past few months, Rosenthal has stated that he views the Mets as a contender for Ohtani, too.

"I cannot rule out the Mets. I cannot see [Mets owner] Steve Cohen simply passing on Shohei Ohtani," Rosenthal recently said on "Foul Territory."

FOX Sports MLB Writer Deesha Thosar also believes the Mets will make the highest offer for Ohtani this offseason.

Yankees +1200

The Yankees were also identified as a potential suitor for Ohtani recently by USA Today. New York is looking to win its first World Series since 2009, and adding Ohtani would go a long way toward that goal.