Juan Soto made a self-bet and won a record deal.
According to several sources Sunday night, the great outfielder and the New York Mets reached an agreement on a 15-year, $765 million contract. The contract is the most lucrative in the history of Major League Baseball.
The contract is thought to be the biggest agreement in team sports history, with escalators that may raise its total value to $805 million, according to the Associated Press.
According to reports, the deal includes a $75 million signing bonus that will be paid after Soto passes a physical and the commissioner’s office approves the deal. Importantly, there is no delayed money under the agreement, and Soto has the option to opt out after five years.
After Shohei Ohtani inked a 10-year, $700 million contract with the Los Angeles Dodgers last December, Soto’s agreement is the biggest and longest in MLB history. Deferred money of $680 million is part of Ohtani’s deal.
The 26-year-old Soto turned down a $760 million, 16-year contract to stay with the New York Yankees, whom he helped win the World Series the previous season. The Toronto Blue Jays, Boston Red Sox, and Dodgers reportedly extended offers to him as well.
The agreement follows Soto’s 2022 transfer to the San Diego Padres after he turned down Washington’s $440 million, 15-year contract. He helped New York win the World Series for the first time since 2009 after being dealt to the Yankees in December 2023.
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