MLB payroll reports and financial disclosures

Juan Soto Signs 15-Year, $765M Mets Deal After Cohen's Intervention

Dec 10, 2024, 08:50 AM

Juan Soto, the 26-year-old outfielder, and the New York Mets have agreed to a record-breaking 15-year, $765 million contract, the largest in Major League Baseball history. Mets owner Steve Cohen played a pivotal role, holding a secret last-minute meeting with Soto and his agent Scott Boras at his home in Boca Raton, Florida. The Mets' willingness to accommodate Soto's request for a suite, which the Yankees refused to match, and significant tax savings of about $8 million with his signing bonus helped sway his decision. The signing not only solidifies the Mets' future but also impacts the Yankees, who missed out on Soto and are now exploring other options after losing opportunities to sign players like Blake Snell and Willy Adames. Juan Soto’s historic contract could influence future negotiations for other star players, such as Vladimir Guerrero Jr.