'Shock! Ohtani broke in a year', 15-year-old Soto and Mets-$765 million, a whopping 1.98 trillion agreement...'Real Total and AAV' both number one
Dec 09, 2024
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ESPN reporter Jeff Bankruptcy said on the 9th (Korea time) 'Superstar outfielder Juan Soto and the New York Mets agreed to a 15-year, $765 million contract (about 1.98 trillion won). 'The largest contract in professional sports history' reported that there is no deferred payment in this contract, and the total amount could increase by up to $800 million with escalator provisions set.
With this, Soto surpassed Shohei Ohtani's 10-year, $700 million contract with the Los Angeles Dodgers in December last year. It has secured the position of the highest amount of contracts based on a single contract in the history of sports in the United States as well as Major League Baseball.
In the case of Ohtani, the present value is much lower than Soto's contract because he will receive $680 million, or 97.1% of the total, over 10 years after 2034, when the contract term ends. It is $460.8 million for luxury tax and $438 million for ML players' union calculation.
In the average annual salary (AAV), Soto is $51 million and Ohtani is $70 million, which is less than Soto, but AAV, which is based on the current price, will lead Soto with $51 million and Ohtani with $46 million. In other words, Soto made an unprecedented record in total and AAV.
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However, as most big market clubs, including the Yankees and Mets, Toronto Blue Jays, Boston Red Sox, and Los Angeles Dodgers, participated in the scramble, the ransom rose exponentially. It was reported that it had already exceeded the mid-$600 million mark in the middle of last month, and the forecast rose to $700 million → $750 million → $800 million in December.
Even small market clubs such as the Kansas City Royals and Tampa Bay Rays asked Soto about the conditions, according to the bankruptcy reporter.
Soto chose the Mets because he bet the highest amount. If the winning record was the most important criterion, he might have remained with the Yankees.
Earlier in the day, USA Today reporter Bob Nightingale said, `Two sources familiar with the situation have informed us that Juan Soto is set to sign a huge contract worth $700 million as well as $750 million in the future.' He signed a 14- or 15-year contract for an average annual salary of $47 million, surpassing Ohtani's 10-year, $700 million contract with the Dodgers last winter. It also included the right to exercise the opt-out right after a few seasons'
It exceeded the amount reported by the Nightingale reporter.
Soto was offered a 15-year, $440 million contract in July 2022, when he was with the Washington Nationals, but he immediately refused and traded to San Diego. Then, while discussing an extension contract after the end of last year's season, the negotiations fizzled and were traded to the Yankees because San Diego owner Peter Seidler passed away. After making career-high performances with 41 home runs, 109 RBIs, and 128 points this season, Soto, who became a `Freedom Body" has increased his ransom by more than $300 million in two years.
This article was translated by Naver AI translator.
