Juan Soto Signs Record-Breaking Contract with New York Mets

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 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.

1. No Deferred Money

Soto’s deal contains no deferred money, according to MLB’s Mark Feinsand. This means that the full $765 million will be paid out without any delays or adjustments.

2. Opt-Out Opportunity

Despite signing a 15-year contract, Soto has the option to opt out after the 2029 season. This clause gives him the flexibility to evaluate his situation and potentially renegotiate his contract.

3. Massive Signing Bonus

In addition to his salary, Soto will receive a $75 million signing bonus. This bonus will be paid out in increments, adding to the financial security of the deal.

4. Incentives and No-Trade Clause

Soto has the opportunity to earn additional bonuses based on performance, including MVP awards. He also has a full no-trade clause, giving him control over his future with the team.

Overall, Soto’s contract with the Mets represents a groundbreaking moment in baseball history. It will be exciting to see how his career unfolds in the coming years.