Juan Soto Signing With Mets on Gargantuan $765 Million Contract as Yankees Miss Out

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Posted on 12/08/2024 9:36:18 PM PST by nickcarraway

What a Juan-der-ful holiday season it will be for the Mets. In a move that will reverberate through not just MLB, but the entire worldwide sports landscape, Juan Soto agreed to a record 15-year contract worth $765 million with the Mets on Sunday, according to sources, to usher in the Winter Meetings.

The deal eclipses the $700 million contract over 10 years (which included significant deferrals) that Shohei Ohtani received from the Dodgers last winter. MLB valued that deal at $460 million in present-day value because of the deferrals.

SNIP

The Yankees pushed hard to re-sign Soto, with managing partner Hal Steinbrenner raising his offer to 16 years and $760 million – more than double what the team gave Judge in free agency (nine years, $360 million) before the 2023 season. Ultimately it was Steve Cohen’s offer that won out, allowing the Mets owner to make a tsunami of a splash for a fan base that has long been frustrated by life in the Yankees’ shadow.

(Excerpt) Read more at nypost.com ...

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1 posted on 12/08/2024 9:36:18 PM PST by nickcarraway

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