Sports super agent Scott Boras says Juan Soto’s Mets contract wasn’t just about the money

Sports super agent Scott Boras says Juan Soto’s Mets contract wasn’t just about the money


Scott Boras: $765M Juan Soto deal is really about 'good business decisions'

Major League Baseball super agent Scott Boras just negotiated the biggest contract of his life.

On Thursday, the New York Mets signed 4-time All-Star Juan Soto to a record-breaking $765 million, 15-year contract. It’s the largest deal in professional sports history.

Soto will be the first player in the MLB to earn more than $50 million in a single season.

“Half the league wanted to participate in this,” Boras told CNBC’s “Power Lunch.” “So many teams were seeking this rare value, because in the end, it was just good business to acquire it.”

Boras talked about the difficult decision Soto and his team had in finding the best fit. One factor in his decision was his recent performance at Citi Field, where the Mets play.

“Juan Soto’s performance levels in Citi Field are well known to him,” Boras said. “He plays at his highest level of performance and players think about execution. You think about all these factors.”

In Soto’s 35 games at Citi Field, the left-handed hitter scored 12 home runs, 26 RBI’s and had an on-base percentage of .466 and .709 slugging.

His longest homerun of his career, 466 feet, came at Citi Field on August 12, 2020.

Boras also shared that it wasn’t all about the money for the 26-year-old player.

“When you’re an athlete, you think about all things, but you primarily also think about your routine, your performance,” Boras said. “There’s vastly more things than the economics.”

Speaking at his introductory press conference, Soto said the Mets had treated him like family.

“They showed me a lot of love on the standpoint of what they have and how they’re going to try to make it comfortable. That’s one of the things that impressed me more, and how they’re going to treat everybody around me and my family,” Soto said.



Source

New York’s pied-a-terre tax sets up legal fight over values
Business

New York’s pied-a-terre tax sets up legal fight over values

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. New York’s proposed tax on second homes worth more than $5 million is likely to spark costly legal battles over how to value […]

Read More
Nike cuts 1,400 roles in second round of layoffs this year
Business

Nike cuts 1,400 roles in second round of layoffs this year

People walk past a Nike store in New York City, on April 2, 2025. Kylie Cooper | Reuters Nike announced a new round of layoffs on Thursday impacting approximately 1,400 roles across the organization, mostly concentrated in its technology department. In a note from COO Venkatesh Alagirisamy, the company said the layoffs were part of […]

Read More
Trump administration moves to reclassify cannabis in major shift that could expand research
Business

Trump administration moves to reclassify cannabis in major shift that could expand research

The Trump administration moved Thursday to reclassify cannabis under federal law, which could significantly expand scientific research into the drug’s medical uses. The change would not legalize the drug at the federal level, but shift cannabis from its current status as a Schedule I substance to Schedule III under the U.S. Drug Enforcement Administration’s controlled […]

Read More