A new contract referred to as "JT's deal" has been reported at $60 million total, averaging $19 million per year. The player's full name, sport and team have not been confirmed.

The biggest contract in North American sports history belongs to Juan Soto, who signed a 15-year, $765 million deal with the New York Mets. Soto is currently sidelined with a calf injury.

Aaron Judge signed a nine-year, $360 million extension with the New York Yankees. The New York Jets signed running back Breece Hall to a record contract extension.

Full details on "JT's deal" are expected to emerge, which will clarify where the $60 million figure sits relative to current market rates.