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The Joe Pomp Show
Juan Soto's $765 Million Contract is a Bad Deal (But Steve Cohen Doesn't Care)
Dec 11, 2024
Dive into the details of Juan Soto's jaw-dropping $765 million contract with the New York Mets. Discover the intricate negotiations led by his agent, Scott Boras, and how owner Steve Cohen's bold strategy shapes the future of the team. Explore the implications of this record deal in the MLB world and compare it to other contracts like Shohei Otani's. Finally, see how the unconventional spending approaches are received by other teams and the potential impact of the new luxury tax on championship aspirations.
13:27
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Quick takeaways
- Juan Soto's $765 million contract represents a historic investment in talent by the Mets, showcasing their ambitious championship aspirations.
- Agent Scott Boras strategically orchestrated the free agency process to ensure Soto maximized his market value through tightly controlled negotiations.
Deep dives
Juan Soto's Record-Setting Contract
Juan Soto signed a staggering 15-year, $765 million contract with the New York Mets, marking the largest contract in sports history. This deal eclipsed previous high-value contracts in MLB and underscored Soto's status as a generational talent, having already achieved significant milestones at a young age. The contract reflects the Mets' willingness to invest heavily in talent to compete for championships, a bold move amidst a competitive landscape. However, it raises questions regarding its long-term implications, as Soto will be 40 years old at the conclusion of this contract.
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