Juan Soto is on the brink of signing a groundbreaking contract that would change the landscape of sports finance forever. Sources indicate that the 25-year-old Dominican outfielder has agreed to a staggering $765 million (£600 million) deal with the New York Mets lasting 15 years, set to be the largest in the history of sports.
While the Met's official confirmation is pending a medical examination, MLB reports that Soto’s contract includes an eye-popping $75 million signing bonus, and no deferred money, which means he’ll get all his cash upfront. If additional performance metrics are met, the contract could eventually rise to $800 million (£627 million).
This new deal surpasses the previous record held by Shohei Ohtani, whose 10-year contract with the Los Angeles Dodgers was valued at $700 million (£558 million). Notably, Ohtani's deal involved $680 million (£541 million) deferred payments.
Soto's incoming contract stands out not just for its size but also as a landmark moment in professional sports pay. Other notable recent contracts include Patrick Mahomes' $450 million extension with the Kansas City Chiefs and Dak Prescott’s $240 million with the Dallas Cowboys.
Soto, a former player with the New York Yankees, had a stellar last season, hitting 41 home runs and leading the Yankees to the 2024 World Series. His impressive track record includes significant contributions to the Washington Nationals when they shocked the world to win the championship against the Houston Astros in 2019.
With career stats boasting a .285 batting average, Soto brings unparalleled talent to the Mets, making this contract a high-stakes investment in the future of baseball.
