The New York Yankees are intensifying their efforts to re-sign superstar free agent Juan Soto, according to MLB insider Jon Heyman. The team has recently boosted their initial offer, underscoring their determination to keep Soto despite facing tough competition.
Heyman noted that the free-agent market for Soto is still developing, with several teams, including the New York Mets, Boston Red Sox, Toronto Blue Jays, and Los Angeles Dodgers, all showing strong interest. This highlights the high demand and value of Soto across Major League Baseball.
As the bidding for Soto enters its second round, the Yankees are not only focused on securing him but are also in discussions with top starting pitchers like Corbin Burnes and Max Fried, having previously expressed interest in Blake Snell before he signed with the Dodgers.
However, retaining Soto remains their top priority as they look to strengthen their roster with elite talent. Heyman also mentioned that Soto is reportedly seeking a 15-year deal, which could stretch into his 40s. The Yankees are willing to incorporate opt-out clauses in the contract, showcasing their flexibility in negotiations while still aiming to meet Soto’s demands.
At just 26 years old, Soto is coming off a fantastic first season with the Yankees after being acquired in a major trade with the San Diego Padres. His exceptional performance in 2024 positions him for a historic contract that could exceed $600 million, possibly rivaling Shohei Ohtani’s $700 million deal. Soto’s value on the market cements him as one of the most sought-after players in baseball.
Recently, the Yankees met with Soto and his agent, Scott Boras, in California to ramp up their efforts as negotiations become more intense. The team’s increased offer signals their commitment to getting a deal done amid the growing competition. Given Soto’s extraordinary talent and the substantial financial implications, his signing is shaping up to be one of the offseason’s most closely watched and impactful developments.
