Juan Soto is on the brink of signing what is anticipated to be the most significant contract ever in sports history. Reports indicate that the 26-year-old Dominican outfielder has reached a preliminary agreement with the New York Mets for a staggering $765m (£600m) deal over 15 years.

While the Mets have yet to release an official statement, multiple sources in the U.S. have confirmed the details, although Soto must first pass a medical examination. MLB insiders revealed that Soto's contract includes an impressive $75m signing bonus and no deferred payments, raising its potential worth to an astonishing $800m (£627m).

This deal surpasses the previous record held by Shohei Ohtani, who signed a 10-year contract with the Los Angeles Dodgers valued at $700m (£558m). Unlike Soto’s agreement, Ohtani’s contract included a deferral of $680m (£541m), which is common practice in professional sports to alleviate immediate salary cap concerns.

The staggering size of Soto’s contract sets a new benchmark for professional sports salaries. Notably, Dallas Cowboys quarterback Dak Prescott recently signed a four-year extension worth approximately $240m (£183m), while Patrick Mahomes of the Kansas City Chiefs previously secured a 10-year extension that brought him $450m, marking the largest contract in NFL history at the time.

In basketball, the Boston Celtics have locked in Jayson Tatum with a lucrative five-year deal worth around $314m (£245m). Meanwhile, soccer stars Cristiano Ronaldo and Lionel Messi also hold contracts that significantly impact the pay structure in their respective leagues, with Messi's deal at Inter Miami potentially reaching $60m per year.

Soto, who most recently played for the New York Yankees, was a highly sought-after free agent after a successful season that saw him elevate the team to the 2024 World Series, which they ultimately lost to the LA Dodgers 4-1. The Yankees had reportedly extended a $760m (£595m) 16-year contract offer to keep him, but the Mets emerged victorious in the bidding war.

During the last MLB season, Soto achieved a .288 batting average across 157 regular-season games, smashing a personal best of 41 home runs and driving in 109 runs batted in (RBIs). His playoffs performance maintained a .313 average, including a home run and an RBI. Throughout his career, Soto has accumulated impressive stats with 201 home runs and a .285 batting average spread across 936 regular-season games, previously playing for the Washington Nationals and San Diego Padres before his time with the Yankees.