A source with knowledge of the agreement told The Associated Press that Juan Soto and the New York Mets agreed on Sunday to a record-breaking 15-year, $765 million contract. This contract is thought to be the biggest in team sports history and could grow to $805 million.
Because the transaction, which was first reported by the New York Post, is still pending a satisfactory physical inspection, the source chose to remain anonymous.
According to a source familiar with the deal, Juan Soto and the New York Mets have reached a record-breaking agreement on a 15-year, $765 million contract, potentially rising to $805 million. The deal, believed to be the largest in team sports history, was first reported by the New York Post. The source, who spoke on condition of anonymity, noted that the agreement is pending a successful physical evaluation.
Shohei Ohtani’s seven hundred million dollar, ten-year contract with the Los Angeles Dodgers, which was signed in December, is surpassed by Soto’s contract, which is the longest and most in Major League Baseball history. Ohtani’s contract, which is worth little less than $46.1 million a year for baseball’s luxury tax purposes, included $680 million in deferred payments.
Since Soto’s contract has no deferred payments like Ohtani’s does, its average yearly worth is $51 million. Additionally, Soto’s contract is longer than Fernando Tatis Jr.’s $14-year, $340 million deal with San Diego, which expires in 2034.
Soto’s contract is the longest and most in Major League Baseball history, surpassing Shohei Ohtani’s seven hundred million dollar, ten-year deal with the Los Angeles Dodgers, which was inked in December. $680 million in deferred payments were part of Ohtani’s contract, which is worth little less than $46.1 million year for baseball’s luxury tax calculations.
Unlike Ohtani’s contract, which features deferred payments, Soto’s contract has an average annual value of $51 million. Furthermore, Fernando Tatis Jr.’s $14-year, $340 million contract with San Diego, which ends in 2034, is shorter than Soto’s.
Soto debuted in MLB with the Washington Nationals in 2018 at just 19 years old and played a key role in their World Series victory the following year, hitting .282 with 34 home runs and 110 RBIs that season.
In 2022, he declined a 15-year, $440 million extension from the Nationals and was traded to the San Diego Padres in August. Following the passing of Padres owner Peter Seidler, Soto was traded to the Yankees in December 2023, where he contributed to their first World Series appearance since 2009.
Soto posted an impressive .288 batting average in a season where he hit 41 home runs, drove in 109 RBIs, and drew 129 walks while batting second in the lineup ahead of Aaron Judge. He was a key contributor to an offense that led the league with 237 home runs. Soto delivered clutch moments in the postseason, including a go-ahead homer in the AL Championship Series opener against Cleveland and a decisive three-run shot in the 10th inning of Game 5 to secure the pennant against the Guardians.
Across seven MLB seasons, Soto has maintained a .285 batting average with 201 home runs, 592 RBIs, and 769 walks.
