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Juan Soto Signs Record 15-Year, $765 Million Mets Deal, Largest in Sports History

Dec 9, 2024, 03:44 AM

Juan Soto has signed a 15-year, $765 million contract with the New York Mets, making it the largest contract in sports history. The deal includes a $75 million signing bonus, no deferrals, and an opt-out clause after the 2029 season, which the Mets can void by increasing his average annual salary for the remaining ten years from $51 million to $55 million, potentially raising the total value to $805 million. Soto will earn $305 million during the first five years, with an average annual value of $61 million. His contract surpasses Shohei Ohtani's previous record, resetting benchmarks for professional sports contracts. The signing is a significant move by Mets owner Steve Cohen, demonstrating the team's commitment to acquiring top talent.