Juan Soto’s record $765 million, 15-year contract with the New York Mets, the largest and longest deal in baseball history, has reverberated across the winter meetings. It stung the Yankees, who offered $760 million over 16 years to the All-Star outfielder.
New York Mets manager Carlos Mendoza smiles as he speaks to media at the Major League Baseball winter meetings, Monday, Dec. 9, 2024, in Dallas. FILE - New York Yankees ’ Juan Soto talks with agent Scott Boras before Game 1 of the baseball World Series against the Los Angeles Dodgers , Friday, Oct. 25, 2024, in Los Angeles. New York Mets manager Carlos Mendoza speaks to media at the Major League Baseball winter meetings, Monday, Dec. 9, 2024, in Dallas.
Soto’s deal, the largest and longest in baseball history, was pending a physical. The agreement reverberated across the winter meetings and stung the Yankees, who on Sunday morning had raised their offer to $760 million over 16 years from $712.5 million for 15 years. “I was shocked when I saw the bonus. My goodness,” said Cincinnati manager Terry Francona, thinking about the implications for prices other teams will have to pay for players. “I think it makes it harder, but I certainly don’t begrudge teams for doing it if they can. They’re not breaking the rules. We’re going to have to make really good decisions, and we’re not going to be able to outspend on mistakes, so we have to limit those.
Some teams have feared the economic might of Mets billionaire owner Steve Cohen, whose team has been baseball’s biggest spender during the last two years.Mets president of baseball operations David Stearns wouldn’t discuss Soto because the deal wasn’t finalized. “We have to be creative. We have to put the best 26 guys on a roster or the best 40 guys on a roster, not the best one or two,” Kansas City manager Matt Quatraro said. “I still think at the end of the day you have a chance to compete against those guys. Soto is going to hit four to five times a night. Those are impactful at-bats, but there’s other ways to combat that with a full 26-man roster.”
Combining with Aaron Judge, Soto helped the Yankees win their first AL pennant since 2009 before they lost to the Los Angeles Dodgers in the World Series.‘Hal Steinbrenner really stepped up to find a way to retain Juan Soto,” Cashman said. “He is one of one. He is a unique guy with a unique age.”
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