Juan Soto signed the richest contract in North American sports history with the…….see more
Juan Soto signed the richest contract in North American sports history with the toronto
The New York Mets made an offseason splash by signing Juan Soto. His eye-popping contract runs for 15 years and could be worth up to $800 million. But there is even more than the $51 million annual value and $40 million escalator. New York Post insider Jon Heyman reported that the Mets added a family suite to the Juan Soto contract.
“Juan Soto contract details: $765M, 15 years,” Heyman posted on social media. “$75M signing bonus (state tax advantage: Florida resident). about $120M overall pay 2025. No deferred $. Opt out after 5 years (age 30). Citi Field suite for family (est. value $500K plus a year)”
Everyone knew Soto’s contract would be astronomical but this deal surpassed expectations. If the Mets decide to void the opt-out after the 2029 season, his average annual value would be bumped to $55 million. He has a $75 million signing bonus that should make his holiday shopping very easy. And he never has to worry about getting anyone tickets ever again.
There are many reasons why Soto would have taken the Mets contract. The fact that no money is deferred and all of that money will be headed his way now is likely the biggest reason. Shohei Ohtani signed a contract where almost all of it was deferred and other deals likely had deferrals in them. But not Steve Cohen and the Mets.
