The New York Yankees’ primary focus this offseason is to re-sign superstar slugger Juan Soto, but securing him will come at a hefty price. As a five-time Silver Slugger, Soto is the most sought-after free agent and could land a deal approaching the $600 million range, potentially close to the $700 million record set by Shohei Ohtani.

Adding Soto’s large salary to their payroll could limit the Yankees’ ability to make other significant moves this winter. However, despite this financial challenge, experts are optimistic about the Yankees’ chances of landing the top pitcher available on the market.

MLB.com’s Manny Randhawa predicted on Tuesday that Corbin Burnes could be the next big addition to the Yankees’ pitching staff. While the team already has 2023 AL Cy Young Award winner Gerrit Cole locked in through 2028, injuries to the rotation in recent years, including Cole’s limited 17-start season and struggles from Carlos Rodón and Nestor Cortés, have underscored the importance of depth in starting pitching. The Yankees are well aware that having sufficient arms in the rotation is crucial for sustained success.

Burnes, a former Cy Young winner, has also been a target for the Boston Red Sox, who are in desperate need of a top-tier starting pitcher. Despite Soto still being the Yankees’ top offseason priority, reports suggest the club has been in contact with Burnes’ representatives.

Corbin Burnes

The 30-year-old right-hander was consistently strong in 2024, posting a 2.92 ERA over 32 starts for the Baltimore Orioles after being traded from the Milwaukee Brewers.

With a projected market value of about $200 million over seven years, translating to nearly $29 million per season, Burnes is one of the most reliable pitchers in the league. The Yankees’ interest in Burnes could remain strong even if Soto’s signing takes longer, and many believe the Yankees are well-positioned to add him to their rotation.

If Soto were to sign with another team before Burnes, it would be surprising for the Yankees to miss out on the four-time All-Star, especially considering the potential for a bidding war with rivals like the Red Sox. If Boston were to secure Soto, the Yankees would have even more incentive to make sure they don’t lose out on Burnes.

Ultimately, while the Yankees’ priority remains Soto, their ability to land Burnes would solidify their chances of competing at the highest level next season. The combination of these two star players could make them an even more formidable force in the American League, and the Yankees’ front office will be working to balance these big decisions this winter.