Juan Soto's $765M deal with the Mets is the largest in MLB history. Here's who he passed
Juan Soto and the New York Mets agreed to a record $765 million, 15-year contract Sunday night, a person familiar with the deal told The Associated Press
Juan Soto and the New York Mets agreed to a record $765 million, 15-year contract Sunday night, a person familiar with the deal told The Associated Press. The person spoke on the condition of anonymity because the agreement hadn't been announced and was subject to the completion of a successful physical.
It's the 12th contract worth at least $325 million in Major League Baseball. Here are the rest. Figures were obtained by The Associated Press from player and management sources and include all guaranteed income but not income from potential incentive bonuses. There is no distinction for deferred money:
Soto's deal easily surpassed Shohei Ohtani's $700 million agreement from the prior winter for what's believed to be the biggest in sports history, and Soto's contract doesn't include any deferred payments. He turned down Washington’s $440 million, 15-year offer in 2022, was later traded to San Diego and then the New York Yankees before reaching free agency at just 26 years old. Soto is the most accomplished free agent at that age since shortstop Alex Rodriguez agreed to a record $252 million, 10-year contract with Texas in December 2000 at age 25.
Because it includes $680 million in deferred money payable from 2034-43, the deal Ohtani agreed to as a free agent is valued differently in various methods. For the luxury tax, it is discounted at 4.33% and listed as about $46.08 million annually. The players' association discounted it at 5% and valued it at approximately $43.7 million. For MLB regular payrolls, it is discounted 10% and listed at about $28.2 million.
Ohtani
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