GREAT NEWS: MLB executives reveals shocking contract projections for New York Yankees to keep Juan Soto.
To keep Juan Soto in New York for the long run, the Yankees will need to open up a large pocketbook.
Juan Soto and the New York Yankees are on track to win the World Series this season. They have dominated the entire season and show no signs of slowing down.
When Soto went out with a forearm injury, the two parties were concerned. Fortunately, he is back on the field, and the injury was not catastrophic.
While Soto and the Yankees are having a tremendous season, the future still looms enormous. Soto is slated to enter free agency in the coming offseason and will be difficult to retain. New York understands that retaining him will require a significant investment.
Now we might have a better notion of how much the Yankees will be willing to pay.
ESPN assembled a panel of 28 MLB officials, and they have determined what it will take to retain Soto in New York. That figure is $498.4 million over 12.4 years, with a $40.4 million AAV.
That may be the average, but some believe Soto will command between $500 million and $599 million. Others expected that a deal with the great slugger would cost at least $600 million.
Looking ahead to the future and where Soto might end up, the ESPN panel made a prediction.
They believe Soto will re-sign with the Yankees after all is said and done. There are just a few teams that could consider signing Soto for that kind of money.
Other teams mentioned as potential candidates included the New York Mets, Texas Rangers, San Francisco Giants, Washington Nationals, and Toronto Blue Jays.
So far in 2024, the 25-year-old superstar has had a tremendous season with New York. He has a.318 batting average with 17 home runs and 53 RBIs. Those figures will earn him a handsome salary.
Expect to hear more rumors and speculation about Soto’s future. New York remains optimistic about its chances of retaining the great outfielder, but other teams will be waiting. It will be interesting to observe how things progress in the offseason.
