New York Mets owner and hedge-fund titan Steve Cohen just shocked the sports world, agreeing to pay outfielder Juan Soto $765 million to play baseball for him over the next 15 years.
Why it matters: The nearly 10-figure deal, the biggest contract in the history of pro sports, is huge for Juan Soto — but it might end up being a winner for Cohen too.
Juan Soto has agreed to move to the New York Mets from the N.Y. Yankees in a 15-year $765 million deal, MLB.com and other news outlets reported Sunday.
Why it matters: The deal that ESPN also reports includes "no deferred money" and an opt-out clause after five years would surpass the $700 million MLB contract record set by Shohei Ohtani over 10 years with the Los Angeles Dodgers.
