Mets' $765M Soto Deal Redefines MLB and New York's Future
Originally Published 1 year ago — by NBC News
New York Mets owner Steve Cohen, viewing his role as a 'civic responsibility,' has signed outfielder Juan Soto to a record-breaking $765 million contract over 15 years, with no deferred payments. This deal, which could exceed $800 million, reflects Cohen's willingness to spend heavily to make the Mets competitive, despite the financial implications, including New York's high taxes and MLB's luxury tax. Soto's contract, notable for its size and structure, underscores Cohen's commitment to building a winning team, even as the Mets continue to face challenges in achieving postseason success.