His new contract dwarfs the $700 million deal signed by Shohei Ohtani last year, which included significant deferrals that reduced its present-day value.
By Stacy M. Brown, NNPA Newswire Senior National Correspondent@StacyBrownMedia
Former Washington Nationals phenom Juan Soto bet on himself — and won big. The superstar outfielder signed a 15-year, $765 million contract with the New York Mets, making it the largest deal in professional sports history. The contract includes a $75 million signing bonus and no deferred payments, unlike previous offers he received from the Nationals. With opt-out clauses starting after year five, the Mets can keep Soto in Queens by increasing his salary by $4 million annually, potentially pushing the deal beyond $800 million.
Soto’s decision comes after he turned down a 15-year, $440 million extension from the Nationals in 2022, a gamble that has now paid off handsomely. His new contract dwarfs the $700 million deal signed by Shohei Ohtani last year, which included significant deferrals that reduced its present-day value.
Despite the staggering headline number, taxes and fees will significantly reduce Soto’s net earnings. Federal taxes at 37%, combined with New York’s state and city taxes totaling nearly 15%, will take a major chunk of the contract. According to the Black Press USA’s unofficial calculation, adding the 5% agent fee for Scott Boras, Soto will net around $350.5 million — still a massive figure.
At just 26, Soto’s resume speaks for itself: a World Series champion at 20, four-time All-Star, four-time Silver Slugger, and one of the game’s most disciplined hitters. His career .421 on-base percentage leads all active players since his debut, and his .953 OPS places him among the game’s elite. With 201 home runs, 592 RBIs, and more than 36 WAR, his combination of power and patience at the plate has drawn comparisons to Barry Bonds.
A Transformative Signing for the Mets
Soto joins a Mets team coming off an unexpected run to the National League Championship Series. His addition signals a serious push for a championship. Longtime Mets broadcaster Gary Cohen called the signing “the biggest and most important transaction the Mets have ever made.”
“The only one even in the same ballpark is the Mike Piazza trade in 1998,” Cohen said on SNY. “The Mets have never dipped this deeply into free agency for a player of this caliber and age. Juan Soto just turned 26. He’s arguably the best hitter in baseball. This changes the conversation around the Mets entirely.”
Soto’s presence in the lineup, likely hitting alongside star first baseman Pete Alonso, positions the Mets as immediate favorites in the National League East, regardless of future moves this offseason.
From Teenage Phenom to MLB’s Richest Star
Soto’s journey began as a 19-year-old with the Nationals, where he helped deliver a World Series title in 2019. After declining Washington’s extension offer, he was traded to the Padres in 2022. His standout 2023 season with the Yankees, where he hit .288 with 41 home runs and finished third in AL MVP voting, cemented his status as the offseason’s top free agent.
In an era where financial markets dictate player valuations, Soto’s contract reflects his generational talent and the Mets’ ownership’s willingness to invest heavily in a championship future.
As his agent, Scott Boras, said, “You cannot base a centurion player’s value on other players. You have to base it on financial mark
