Star outfielder Juan Soto and the New York Mets have agreed to a record $765 million, 15-year contract, a person familiar with the deal told The Associated Press, believed to be the largest pact in team sports history.

He 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.

Soto’s agreement is the largest and longest in MLB history, topping Shohei Ohtani’s $700 million, 10-year contract with the Dodgers, a deal signed last December.

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.

The New York Yankees’ final offer to retain Soto was for $760 million over 16 years, a second person familiar with the talks said.

A four-time All-Star at age 26, Soto is the most accomplished free agent at that age since shortstop Alex Rodriguez agreed to a record $252 million, 10-year contract with Texas in December 2000 at age 25.

Soto was 19 when he made his MLB debut with Washington in 2018 and helped the Nationals win the World Series the following year, when he hit .282 with 34 homers and 110 RBIs.

He turned down Washington’s $440 million, 15-year offer in 2022 and was traded that August to San Diego. Soto was dealt to the Yankees in December 2023 and helped New York reach the World Series for the first time since 2009.

Soto batted .288 with 41 homers, 109 RBIs and 129 walks in his lone season with the Yankees.

He has a .285 batting average with 201 homers, 592 RBIs and 769 walks over seven major league seasons.

ALLEN, PARKER ELECTED TO HALL

Having waited for the call from Cooperstown for nearly three decades, Dave Parker burst into tears Sunday when he was elected to baseball’s Hall of Fame along with the late Dick Allen, a former Dodger.

“Yeah, I cried,” Parker said after receiving the news from Hall chair Jane Forbes Clark. “It only took a few minutes, because I don’t cry.”

Parker, who played for the Angels in 1991, received 14 of 16 votes from the classic era committee at the winter meetings, and Allen got 13. A vote of 75% or more was needed for election.

They will be inducted into the Hall in Cooperstown, New York, on July 27 along with players voted in by the Baseball Writers’ Association of America.

Tommy John was third with seven votes on a committee that considered candidates whose primary impact was before 1980. Ken Boyer, Steve Garvey and Luis Tiant each received less than five votes, as did Negro Leaguers John Donaldson and Vic Harris.

Parker, who turned 73 in June, never got more 24.5% during 15 appearances on the BBWAA ballot from 1997-2011. Allen, who died in 2020 at age 78, received a high of 18.9% on the BBWAA ballot from 1983-97.

Nicknamed The Cobra, Parker hit .290 with 339 homers and 1,493 RBIs for Pittsburgh (1973-83), Cincinnati (1984-87), Oakland (1988-89), Milwaukee (1990), the Angels (1991) and Toronto (1991) during a 19-year career that included a pair of World Series titles.

A seven-time All-Star, Parker won two National League batting titles and was the 1978 NLMVP.

Allen hit .292 with 351 homers and 1,119 RBIs from 1963-77 for Philadelphia (1963-69, 1975-76), St. Louis (1970), the Dodgers (1971), Chicago White Sox (1972-74) and Oakland (1977). In his lone season with the Dodgers, he hit .295 with 23 homers and 90 RBIs before being traded to the White Sox for Tommy John in the following offseason.

Allen was a seven-time All-Star who was voted the 1964 NL Rookie of the Year and the 1972 AL MVP.