Major League Baseball (MLB) has always set record-shattering records and one such magnanimous one includes a multi-million pound affair between star outfielder Juan Soto and the New York Mets. (More Sports News)

The Dominican baseball player seems to have signed a whopping $765 million, 15-year contract with the MLB side, as per reports in America.

As per a report in the New York Post, Soto would have the right to opt out of the contract after the 2029 season if the Mets don’t at that time raise the contract to $805 million by increasing the average annual value by $4 million annually.

Soto will get a $75 million signing bonus, payable upon the deal’s approval by the commissioner’s office.

The 26-year-old's agreement is the largest and longest one in Major League Baseball history, topping Shohei Ohtani’s $700 million, 10-year contract with the Los Angeles Dodgers, a deal signed last December. That agreement included $680 million in deferred payments and is valued at just under $46.1 million for baseball’s luxury tax.

Furthermore, Soto’s agreement does not include deferred money, leaving its average annual value at $51 million. Its length tops Fernando Tatis Jr.'s $340 million, 14-year contract with San Diego that runs through 2034.

Soto had registered a .288/.419/.569 slashline with 41 homers and 109 RBIs to help the New York Yankees reach the World Series in his first and only season in The Bronx.

Soto is a four-time All-Star and a widely regarded player in the MLB arena, with many drawing comparisons to the an all-time great like Ted Williams. Soto is yet to land a MVP award but has finished third in AL MVP voting in the last season, marking his fourth top-six MVP finish over the last six seasons.

Among the most active hitters in baseball, the 26-year-old ranks 20th in career batting average (.285), his first in on-base percentage (.421), ranks fourth in slugging percentage (.532), third in OPS (.953) and 11th in at-bats per home run (16.3). Soto also has 21 home runs and 934 hits to his name in 936 career games.

(with AP inputs)