The New York Yankees are eager to re-sign Juan Soto after his impressive performance in 2024, both on and off the field. With a .988 OPS, 128 runs scored, 41 home runs, and numerous clutch moments, Soto has proven himself to be a key asset for the team. However, bringing him back may require a massive financial commitment, one that the Yankees might not be fully prepared to make.
There are growing rumors that the Boston Red Sox are emerging as strong contenders for Soto’s services. Sources and insiders suggest that the Red Sox are serious about their pursuit and are willing to make a substantial offer to secure Soto, possibly “stealing” him away from the Yankees. As a result, the Yankees are starting to lose ground in the race to retain the star outfielder.
Randy Miller of NJ.com recently discussed the Soto sweepstakes on WFAN, noting that he believes the competition for Soto will come down to the Red Sox and Mets. He expressed doubts that Soto would take a discount to return to the Yankees, adding that the team will likely finish fourth in the bidding war. According to Miller, the Yankees’ highest offer would top out at around $550 million, which he believes would not be enough to keep Soto.
Reports indicate that Soto already has offers exceeding $600 million on the table from both the Red Sox and the Mets, and none of those offers are coming from the Yankees. If these reports are accurate, it’s looking increasingly unlikely that the Yankees will be able to re-sign Soto, as both the Red Sox and Mets are prepared to offer him more.
While it’s always possible for the Yankees to make a last-minute push, it’s becoming clear that their chances of retaining Soto are fading. The competition is fierce, and unless they can match or exceed the offers from other teams, the Yankees may be forced to watch as Soto signs elsewhere.
