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12/09/24 07:07:00
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12/09 19:05 CST Soto's record $765 million, 15-year contract with Mets
reverberates through Major League Baseball
Soto's record $765 million, 15-year contract with Mets reverberates through
Major League Baseball
By RONALD BLUM and STEPHEN HAWKINS
AP Baseball Writers
DALLAS (AP) --- Shortly after striking a record $765 million, 15-year contract
for Juan Soto with the New York Mets, agent Scott Boras walked into Nick &
Sam's, a restaurant near the winter meetings hotel, with about a dozen of his
staff.
They were given a bottle of celebratory champagne and dined on deviled eggs,
crab, shrimp and a New York strip steak --- appropriate given that the Mets had
stripped the All-Star outfielder from the rival Yankees.
"Scott is coming with his army of personnel. It was kind of like the
`Gladiator,'" said Boston Red Sox manager Alex Cora, who watched from across
the steakhouse Sunday night.
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.
"My first thought is that my oldest kid is going to be 28 when he's done
playing. That really puts it in perspective for me," San Francisco president of
baseball operations Buster Posey said.
Yankees manager Aaron Boone learned of Soto's decision when his flight arrived
in Dallas.
"Literally that the wheels hit the runway and the alert hit my phone that he
had signed with the Mets," Boone recalled.
He texted an emoji of a face to Mets manager Carlos Mendoza, a former Yankees
coach. Mendoza wasn't sure what Boone meant.
"I sent him another face," Mendoza said Monday, shrugging his shoulders.
Soto's deal, which includes a $75 million signing bonus, would rise to $805
million if the Mets exercise their right to void Soto's ability to opt out
after the 2029 season.
"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."
Soto's deal sparked even greater expectations in a free agent market that
includes pitchers Corbin Burnes and Max Fried, first basemen Pete Alonso and
Christian Walker, third baseman Alex Bregman and outfielder Anthony Santander.
"I think everybody's intent is hopefully to land their planes as soon as
possible, whether it's trades or free agency," Yankees general manager Brian
Cashman said.
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.
"We want to win and we have an owner that is willing to do whatever it takes,"
Mendoza said.
Mets president of baseball operations David Stearns wouldn't discuss Soto
because the deal wasn't finalized.
"Every year I've ever been around the game at some point in the offseason there
is a cry of inflationary free agency," he said. "And then at some point in the
offseason there's this worry that a bunch of players aren't going to either get
paid what they deserve or aren't going to have jobs."
Many small-market teams have long sought a salary cap but the consensus since
the 1994-95 strike has been not to propose a hard limit, knowing it would
provoke another lengthy work stoppage. The current labor contract expires in
December 2026.
Most teams were priced out of the Soto market.
"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."
Soto, 26, helped Washington win the 2019 World Series and in 2022 turned down a
$440 million, 15-year offer from the Nationals, who then traded him to San
Diego.
"I can sit here and say that I'm the only manager that won a World Series with
him," Nationals manager Dave Martinez said. "How about that?"
San Diego traded Soto to the Yankees last December.
"I'm not sure there's anything we could do any different," Cashman said.
"Outside of winning the World Series, it played out perfect."
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.
Boras asked Saturday night for final offers in the morning.
'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."
Boras called Cashman on Sunday night to inform him Soto was signing elsewhere.
Cashman then contacted Steinbrenner and team president Randy Levine to deliver
the news to both jointly.
Cashman said the Yankees had a Zoom meeting with pitcher Blake Snell before he
agreed to a $182 million, five-year deal with the Dodgers. The GM remains
interested in Boras' other clients, which include Burnes and Bregman.
"When you get a chance, give me a slot and we'll talk about who's remaining on
the board," Cashman said he told Boras during their Sunday night conversation.
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AP MLB: https://apnews.com/mlb
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