Juan Soto Signed the richest contract $765 million being the highest paid MLB player!
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Juan Soto contract breakdown: Details of Mets' $765M deal, including opt-out clause, incentives and more
Juan Soto was officially announced as a New York Met on Wednesday night
www.cbssports.com
@dik cashmere @Day_Carver @jawnswoop @jack walsh13
the incentives?
DAMN
Juan Soto contract breakdown: Details of Mets' $765M deal, including opt-out clause, incentives and more
Juan Soto was officially announced as a New York Met on Wednesday night
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By R.J. Anderson
Juan Soto is now officially a member of the New York Mets. He passed his physical, and the team made the announcement Wednesday night, three days after Soto agreed to terms on a 15-year contract worth $765 million. Soto's contract is the largest in Major League Baseball history, dethroning the $700 million agreement Shohei Ohtani signed just a year ago with the Los Angeles Dodgers.
The rise of interest in sports business since the publication of "Moneyball" means, in part, that contract structures get scrutinized as much as lineups or in-game decisions. With that in mind, we here at CBS Sports wanted to honor the moment by breaking down four notable aspects of Soto's reported agreement with the Mets.
Let's get to it.
1. There's no deferred money
The defining characteristic of Ohtani's 10-year, $700 million pact with the Dodgers was the absurd amount of deferred money -- all but $2 million per season. As a result of that structure and the time value of money, Ohtani's deal had a present value of $437,830,563, according to the MLB Players Association's calculations.No formula is needed for Soto's agreement.
That's because this deal contains no deferred money, according to MLB's Mark Feinsand. In other words, this isn't a case where Soto signed for $765 million but his "actual" contract is along the lines of being worth $450 million (or whatever figure).
2. Intriguing opt-out opportunity after 2029 season
Although Soto signed for 15 years, or what appeared to be the rest of his career, he'll actually hold the power to bail a third of the way through. Indeed, his pact includes an opt-out clause after five seasons, according to multiple reportsOpt outs are commonplace in most of agent Scott Boras' megadeals. This particular opt-out clause includes a way for Soto's record-breaking deal to hit the $800 million mark. Here's the deal's exact structure, according to the New York Post's:
- 2025-2026: $46.875 million
- 2027: $42.5 million
- 2028-2029: $46.875 million
- 2030-2038: $46 million
Keep in mind, Soto's opt-out will fall after MLB and the MLBPA reach terms on a new Collective Bargaining Agreement, meaning the league's landscape could look different than it does at present.
3. Massive signing bonus
Soto isn't just getting paid a ton overall, he's getting $75 million in the form of a signing bonus, according to Feinsand.The payment schedule hasn't been reported, but it should be noted that Soto won't necessarily receive that $75 million all at once. Mookie Betts' deal with the Dodgers included a $65 million signing bonus paid in increments every Nov. 1. Conversely, Blake Snell will receive a $52 million signing bonus from the Dodgers in January.
We'll see which path Soto's bonus takes, but let's be clear about something: it'll still count for Competitive Balance Tax purposes. Nevertheless, it does make for a nice sweetener for players who are cognizant of the time value of money.
4. Incentives + no-trade clause
Soto can increase his total earnings by winning some hardware. According to MLB's Mark Feinsand, Soto will earn $500,000 if he wins a National League Most Valuable Player Award. He'll then earn $1 million per subsequent MVP, giving him plenty of a reason to keep his foot on the gas pedal heading forward.For context, Soto has never won an MVP. He has finished in the top three of voting twice, however, including in 2024. Jon Heyman reports Soto would receive $350,000 for a second-place MVP finish and $150,000 for third through fifth place.
Other notable aspects of Soto's deal include a full no-trade clause, meaning he would need to approve any deal that sees him shipped elsewhere for the third time in his career. Soto also gets to wear the No. 22 with the Mets (a number that previously belonged to third baseman Brett Baty), and a luxury suite for home games, per Heyman.
Juan Soto contract breakdown: Details of Mets' $765M deal, including opt-out clause, incentives and more
Juan Soto was officially announced as a New York Met on Wednesday night
@dik cashmere @Day_Carver @jawnswoop @jack walsh13
the incentives?
DAMN
Dude is set for life.
people are dumb as f**k
Juan Soto contract breakdown: Details of Mets' $765M deal, including opt-out clause, incentives and more
Juan Soto was officially announced as a New York Met on Wednesday night
@dik cashmere @Day_Carver @jawnswoop @jack walsh13
the incentives?
DAMN
The incentives and he didn’t like playing in Judge’s shadow
Juan Soto contract breakdown: Details of Mets' $765M deal, including opt-out clause, incentives and more
Juan Soto was officially announced as a New York Met on Wednesday night
@dik cashmere @Day_Carver @jawnswoop @jack walsh13
the incentives?
DAMN
Well dam!!!!!!!!
and *ahem" no deferments
that man wanted EVERYTHING
this had absolutely NOTHING TO DO WITH WINNING BASEBALL
Fam... I think its 99% the former and 0.5% the later in the math he was doing when he signed that contract with the Mets.
Juan Soto agrees to 15-year, $765 million deal with New York Mets: Report
Juan Soto reportedly is leaving the Yankees to join the Mets after agreeing to the largest deal in professional sports history.
www.nbcchicago.com
What Red Sox, Dodgers offered Juan Soto in record-setting negotiations
The losers in the Juan Soto sweepstakes simply couldn’t match what Mets owner Steve Cohen was willing to pony up for the big prize.
nypost.com
Sean McAdam of Mass Live reported that the best and final offer from the Red Sox was 15 years and $700 million, an average value of $46.67 million per season.
Meanwhile, the Dodgers’ final offer came in at $600 million for Soto, The Athletic reported,
@Day_Carver
I always thought it would come down to the 2 NY teamsWhat Red Sox, Dodgers offered Juan Soto in record-setting negotiations
The losers in the Juan Soto sweepstakes simply couldn’t match what Mets owner Steve Cohen was willing to pony up for the big prize.
Sean McAdam of Mass Live reported that the best and final offer from the Red Sox was 15 years and $700 million, an average value of $46.67 million per season.
Meanwhile, the Dodgers’ final offer came in at $600 million for Soto, The Athletic reported,
@Day_Carver
Yep agreed
Right, getting soto doesn't make the Mets a contender. The hype is real, hopefully soto can handle the pressure, all eyez is on him now.And watch they miss the playoffs this year.
They love to make corny jokes like these.
then they wonder why the internet social media and now society is going to sh*t.
Unless that nigga can fix the bullpen and the defense by himself and add more depth to the starting rotation they aren't going anywhere. Let them talk. Mets win the month of December.
Yeah, people post anything thinking it's funny when it's not.
They got the highest paid player on their team with other holes like Swiss cheese that they haven't addressed on that team and we supposed to be scared of the Mets now. FOH..Unless that nigga can fix the bullpen and the defense by himself and add more depth to the starting rotation they aren't going anywhere. Let them talk. Mets win the month of December.
Happens every off season. Muthafuckas overreacting to big free agant signings.They got the highest paid player on their team with other holes like Swiss cheese that they haven't addressed on that team and we supposed to be scared of the Mets now. FOH..
Never fails, then when the season starts they later start to have regrets about signing that player to all that money.Happens every off season. Muthafuckas overreacting to big free agant signings.
A wannabe comedian .Everybody's a fuckin comedian on social media.
What they usually do when shit goes south is just shut the fuck up and disapear like Puk Pussy Beeiiii after Brady left the Patriots. Nigga hasen't been in the NFL Thread yet.
Yeah, I see the Mets doing a disappearing act, later realizing they fucked up giving soto all that money but it'll be too late.What they usually do when shit goes south is just shut the fuck up and disapear like Puk Pussy Beeiiii after Brady left the Patriots. Nigga hasen't been in the NFL Thread yet.
Also, that clown who's a LeBron dickrider will disappear after LeBron retires.
He’s already won a ring also so yea get the most money mentality is on full display; most baseball players are like that though
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