The details regarding the New York Mets Juan Soto contract has fans quite surprised
Photo credit: Clutch Points
The New York Mets announced yesterday that they signed Juan Soto to the largest contract in sports history but as the details of the deal are released, fans have been quite surprised.
The talk of the MLB off-season has been about where Juan Soto will end up signing and fans finally found out last night as the New York Mets made him the highest paid athlete in the world.
The details to Juan Soto's record breaking deal with the New York Mets has been announced
The Mets announced late last night that they have sign superstar Juan Soto to a 15 year deal worth $765 million which makes this the largest contract in MLB history.
According to MLB insider Jon Heyman, the 15 year deal is worth $765 million but includes a $75 million signing bonus which makes his pay in his first season around $120 million while none of the contract is deferred by the Mets.
Juan Soto contract details: $765M, 15 years. $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 plus a year) #mets
In addition to that, there is an opt out in the fifth year of the contract which would put Soto at 30 years old while his family will also get their own personal sweet at Citi Field which is around $500k per season.
uan Soto's contract has no deferred money.
Opt-out after the 5th year.
@MLBNetwork
Opt-out after the 5th year.
@MLBNetwork
Fans were mostly surprised by the size of the signing bonus and the fact that the Mets did not decide to follow in the Los Angeles Dodgers footsteps and defer some of the contract.
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