[Heyman] Juan Soto contract details: $765M, 15 years. $75M signing bonus (state tax advantage: Florida resident). about $120M overall pay 2025. No deferred $. Opt out after 5 years (age 30). Citi Field suite for family (est. value $500K plus plus a year)
30 comments
Yankee stadium security dude punching the air rn
The suite was the difference
Still can’t believe he’s a Met
The suite makes a Met
Not listed: insider trading tips
Does the estimated value of the suite count against the CBT? Not really an issue here, just curious
Would be very surprised if the Mets don’t just pay the extra money to not have to worry about the opt out. What’s another $50 million more on top of all this.
For those who know about tax law, how does the Florida residency affect him? Doesn’t he still have to pay state tax in New York, where he is being paid?
“I got family.”
Wait what that’s the cost of a suite?
Yankees chicken tenders suites stood no chance to the Mets Shake shack suites
For me this is all evidence that baseball is on the rise again as a whole.
Is that like when you buy vacation home, so you always feel obligated to go to the vacation home?
I’m running out of NL teams to not absolutely despise.
Awful nice of him to get a suite for his teenage son to watch him play.
Soto negotiating like Newman from Seinfeld. “ I want a calzone of my own, and a slice of pepperoni pizza, and three days a week I’ll require a cannoli.”
>state tax advantage: Florida resident
Pretty sure you pay state taxes in the state that employs you, i.e. New York. Doesn’t matter where you live…
Who lost their suite to Soto?
And friendly security guards
$500k for a suite? Must be nice
This single contract is worth more than the market caps of 1-800 [Flowers.com](http://Flowers.com), Horizon Bank, Kelly Services, NetGear, Cincinnati Bell, and LoveSac.
Sounds like the citifield family box was a decent separation between yanks and Mets.
If he took his take-home pay for 2025, and put it into an index fund and left it there, it would be worth $1B after 30 years.
It would be hilarious to me if he starts selling his suite at market rate to squeeze out every penny of the deal instead of actually wanting it for his family.
“765 million? That’s pretty close, how about $765,500,000?”
So was this bad for baseball or only if the Dodgers would have signed him?
Genuine question, does this mean that including his signing bonus if he’s there all 15 years he gets $840 Million?
I can’t even BELIEF this.
He now makes more in 1 inning then 31% of American Households according to recent census data. Remember that.
I remember when the Mets refused to sign ARod because he wanted his own merch tent at spring training
There’s more days during the season than there is in the off season so how does he qualify as a Florida resident? I thought you had to spend most of your time there for taxes to be filed in that state or does that not matter for income tax.