Juan Soto is rich.
He may not be as wealthy as New York Mets owner Steve Cohen, but the newest addition to the club’s roster could likely afford a mansion adjacent to the billionaire’s in exclusive Great Neck, Long Island.
With Soto’s reported $765 million, 15-year deal, he will essentially be pulling in $4.25 million every month, nearly $1 million per week, about $140,000 per day, $6,000 per hour, and nearly $100 per minute for the duration of the term of the agreement.
A bevy of amateur accountants did the calculations on social media after reports of the deal first surfaced, though the exact figures varied slightly because Soto’s deal with incentives could escalate to as much as $805 million, a source told the AP.
The person spoke on condition of anonymity because the agreement was first reported by the New York Post, was subject to a successful physical.
While there are no definitive records in the sport outside the United States, Soto’s deal is believed to eclipse those in all other team sports. The deal was reached on the eve of the first full day of baseball’s annual meetings.
Juan Soto speaks during media day for the baseball World Series in Los Angeles
Steve Cohen could recommend an expensive North Coast estate to his newest outfielder
A bevy of amateur accountants did the math on social media after reports of the deal first surfaced, although the exact figures varied because Soto’s deal includes unspecified bonuses.
He would have the right to opt out of the contract after the 2029 season if the Mets do not increase the average annual value by $4 million annually at that time. Soto will receive a $75 million signing bonus, payable upon approval of the deal by the commissioner’s office.
Soto’s deal is the largest and longest in Major League Baseball history, surpassing Shohei Ohtani’s $700 million, 10-year contract with the Los Angeles Dodgers, a deal signed last December. That deal included $680 million in deferred payments and is valued at just under $46.1 million annually for baseball’s luxury tax purposes.
Soto’s deal includes no deferred money, the person said, leaving the average annual value at $51 million. Its length exceeds Fernando Tatis Jr.’s 14-year contract. with San Diego worth $340 million, running until 2034.
The New York Yankees’ latest offer to retain Soto was $760 million over 16 years, a second person familiar with the talks said, also speaking on condition of anonymity because that detail was not disclosed. That offering had an average annual value of $47.5 million.
A four-time All-Star at 26, Soto is the most accomplished free agent at that age since shortstop Alex Rodriguez agreed to a record 10-year, $252 million contract with Texas in December 2000 at the age of 25.
Soto was 19 when he made his major league debut with Washington in 2018 and the following year he helped the Nationals win the World Series, when he hit .282 with 34 home runs and 110 RBIs.
He turned down Washington’s offer of $440 million, 15 years in 2022 and was traded to San Diego in August. Following the death of Padres owner Peter Seidler, Soto was dealt to the Yankees in December 2023 and helped New York reach the World Series for the first time since 2009.
Soto hit .288 with 41 home runs, 109 RBIs and 129 walks, ranking second in the batting order ahead of Aaron Judge and powering an offense that led the Major Leagues with 237 home runs. He hit a go-ahead homer in the AL Championship Series opener against Cleveland and a tiebreaking, three-run homer in the pennant-winning 10th inning against the Guardians in Game 5.
Soto has a .285 batting average with 201 home runs, 592 RBIs and 769 walks over seven Major League seasons.