 |
| New York Mets reportedly agreed to a 15-year, $765 million contract with Juan Soto on the 9th (Korea time). Photo =MLB.com Capture |
|
The New York Yankees didn't lose by just 5 million dollars (about 7.165 billion won).
An unprecedented contract was made on the 9th (Korea time) in the Major League Baseball. A mega contract that changed the history of professional sports in North America and even around the world. This is the case in which the New York Mets signed Juan Soto, who was released as an FA (free contract), for 15-year-$765 million (about 1.959 trillion won).
MLB.COM and ESPN all reported on the massive contract between the Mets and Soto. According to this, Soto's average annual salary (AAV) is $51 million, and the total amount can increase to $800 million with an escalator clause.
In addition, Soto will have the opt-out right after five years with a $75 million signing bonus. Instead, if the Mets increase AAV to $55 million five years later, Soto's opt-out rights could be extinguished. In this case, Soto's total 15-year contract will be $850 million (about 1.2178 trillion won), and AAV will be $53.36 million (about 76.45 billion won).
This is the result of the Mets betting a huge amount to overwhelm their competitors to catch Soto. Starting with the original New York Yankees, the Los Angeles Dodgers, the Toronto Blue Jays, and the Boston Red Sox jumped in to catch Soto. However, Mets owner Steve Cohen sent an offer that dampened rival clubs' spirits, winning the autographs of Soto and his agent Scott Boras.
There is an interesting backstory regarding this contract. In other words, the Yankees failed to catch Soto by only $5 million. According to MLB.COM and the New York Post, the Yankees ranked second in bidding with a 16-year-$760 million offer. The total amount was only $5 million less, although the period is a year longer than the Mets' offer terms.
But Soto chose the Mets rather than the Yankees. It's a natural choice. The Mets' terms and conditions are attractive, with a contract period of at least $5 million more for one year.
However, it turns out that the actual difference between the Mets and Yankees' offer is almost $100 million, not $5 million.
CBS Sports reporter Matt Snyder explained the details, saying, `The Yankees reportedly failed to catch Soto by only $5 million, but the actual content is much more complicated than this.'
At first glance, it looks like a $5 million difference, but if you calculate the real difference considering the contract details, there is a much more difference. Reporter Snyder "First of all, it's unclear whether the Yankees included a Mets-level signing bonus. For Soto, the $75 million Sinning Bonus, which he receives in a lump sum, is a tremendously attractive condition."
 |
| agent Scott Boras elevated Juan Soto to the highest-ever player. AP Yonhap News |
|
The 16-year period suggested by the Yankees means that Soto's average annual salary per season will be reduced. In addition, the Mets also included an escalator clause. Soto is confident, so he is expected to achieve any incentive while performing well for 15 years. That means Soto will receive at least $800 million from the Mets over 15 years and $760 million from the Yankees over 16 years" he explained.
Simply calculating this explanation, Soto receives an average annual salary of $53.33 million over 15 years in the Mets. In the Yankees, the average annual salary is drastically reduced to $47.5 million. If Soto is paid for 16 years under the Mets' average salary condition, it is calculated that he can earn nearly $100 million more than when signing with the Yankees.
 |
| Juan Soto will wear the New York Mets uniform. Photo =MLB.com Capture |
|
Of course, many detailed provisions and variables of time are omitted calculations. However, in the end, the Yankees' offer was not a difference of only $5 million, but almost $100 million. This is why Soto and Boras had no choice but to take the Mets' terms.
This article was translated by Naver AI translator.
