Record deal: Baseball star signs staggering $1.2 billion contract

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Record deal: Baseball star signs staggering $1.2 billion contract
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Star outfielder Juan Soto and the New York Mets have agreed to a record $US765 million ($1.2 billion), 15-year contract, a person familiar with the deal told the Associated Press.

Star outfielder Juan Soto and the New York Mets have agreed to a record $US765 million , 15-year contract, a person familiar with the deal told the Associated Press.New York Post

The Yankees’ final offer to retain Soto was for $US760 million over 16 years, a second person familiar with the talks said, also on condition of anonymity because that detail was not announced. That offer had a $US47.5 million average annual value.Soto’s deal is the largest and longest in Major League Baseball history, topping Shohei Ohtani’s, a deal signed last December. That agreement included $US680 million in deferred payments and is valued at just under $US46.

A four-time All-Star at age 26, Soto is the most accomplished free agent at that age since shortstop Alex Rodriguez agreed to a record $US252 million, 10-year contract with Texas in December 2000 at age 25.

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