Soto’s deal, yet to be confirmed pending a medical examination, will grant him an immediate signing bonus of $75 million and the potential to rise to $800 million (£627 million) if performance bonuses are met. This monumental agreement sets a new bar in the world of sports contracts.

The contract eclipses other major deals, such as Dak Prescott’s $240 million extension with the Dallas Cowboys and Patrick Mahomes' $450 million extension with the Kansas City Chiefs. In the NBA, Jayson Tatum recently secured a five-year deal worth $314 million, while Cristiano Ronaldo and Lionel Messi also enjoy lucrative contracts in football.

Soto was a free agent after a successful season with the New York Yankees, where he achieved a personal best of 41 home runs and helped the team reach the World Series. The Yankees attempted to retain him with a $760 million offer, but the Mets ultimately outbid them. Historically, Soto has played for the Washington Nationals and San Diego Padres, making him a notable figure in baseball.

This groundbreaking contract furthers the conversation around player compensation and the ever-increasing financial stakes in professional sports.