As outlined by MLB sources, Soto's contract includes a staggering $75 million signing bonus with the possibility of the total deal reaching up to $800 million (£627 million). This surpasses last year's record held by Shohei Ohtani, whose $700 million (£558 million) contract with the Los Angeles Dodgers featured a significant deferred payment structure. Soto's agreement notably lacks such deferred payments, setting a new precedence in contract negotiations.

This contract could redefine financial expectations in sports, drawing parallels to other high-profile deals within the realm of American sports. Among them, Dallas Cowboys quarterback Dak Prescott had previously held the record for the most lucrative deal in NFL history with a four-year contract worth approximately $240 million (£183 million). Other monumental contracts include Kansas City Chiefs quarterback Patrick Mahomes' 10-year extension valued at $450 million and Boston Celtics star Jayson Tatum's five-year agreement for $314 million (£245 million).

Before joining the Mets, Soto played for the New York Yankees, contributing to their run to the 2024 World Series, despite a loss to the LA Dodgers. The Yankees reportedly attempted to retain Soto with a $760 million (£595 million) offer over a longer 16-year period, highlighting the fierce competition for his talent.

In terms of his on-field performance, Soto concluded last season with a commendable batting average of .288 over 157 regular-season games, showcasing his prowess with 41 home runs and 109 runs batted in. His World Series performance was equally impressive, with a .313 batting average bolstered by one home run and an additional RBI.

Soto's career has spanned 936 regular-season games, yielding 201 home runs and a batting average of .285. With this new impending contract, he is set to solidify his place among the sport's greats.