The Juan Soto sweepstakes officially is over and unfortunately the Boston Red Sox didn't come out on top.
The New York Mets swooped in and got a mega deal done with him worth a reported $765 million over 15 years with escalators to increase the value to roughly $800 million when it is all said and done.
Boston didn't pull off the franchise-altering move, but it did certainly try. The Red Sox reportedly offered Soto a deal of around $700 million across 15 years, according to both MassLive.com's Sean McAdam and the Boston Globe's Alex Speier.
Source: Red Sox last/best on Soto was around $700 million for 15 years," McAdam said.
"According to multiple major league sources, the team?s bidding surpassed $600 million last week and in recent days passed the $700 million threshold ? more than the $660 million the team?s owners paid when buying the Sox and 80 percent of NESN in 2001," Speier said.
$51 million per season for 15 years is a lot of scratch.
JB's contract pays him $60 million for 5 years....interesting comparison. For 15 years it would be $900 million.
I think it's easier to justify giant contracts in the NBA more so than any other sport, with the exception of QB in the NFL (but only for truly elite QBs).
Soto is a top-5 position player, but he's only one of 9 in a lineup and only positively affects one side of the ball. So, his impact is just going to be less than a two-way top-15 player in basketball.
That said, I don't think the $51 million AAV of Soto's contract is that shocking. It's the 15 years. $51 million for a 40 year old might be a tough pill to swallow.
The concept of a 15 year contract in sports is wild to me. As I understand it, it's fully guaranteed, so if Soto suffers a career ending injury there's no escape hatch.
I just look at a guy like Mike Trout, who is one of the most talented players I can remember seeing. Through his age 24 season, he looked like he had a chance at being the GOAT. Since then, he's averaged 88 games per season.