What's happened
Juan Soto has signed a historic 15-year contract worth $765 million with the New York Mets, surpassing previous records in Major League Baseball. The deal, which could escalate to $805 million, marks a significant moment for the franchise as they aim for their first World Series title since 1986.
Why it matters
What the papers say
According to Bloomberg, Soto's contract is valued at $765 million over 15 years, surpassing previous records in MLB. The Japan Times highlights the significance of Soto's move to the Mets, stating it marks a 'seminal moment in franchise history.' AP News notes that Soto's performance with the Yankees, including 41 home runs, made him a sought-after player, ultimately leading to this record-breaking deal. Axios emphasizes the financial strategy behind the contract, suggesting it could lead to increased revenue for the Mets through ticket sales and merchandise.
How we got here
Soto, a 26-year-old outfielder, previously played for the New York Yankees, helping them reach the World Series in 2024. His decision to join the Mets comes after rejecting a $760 million offer from the Yankees.
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