Report: Soto bidding expected to reach $700M Ben Wrixon

It appears Juan Soto will sign the biggest contract in MLB history when he finally puts pen to paper on a new deal.

At least four teams – the New York Mets, New York Yankees, Boston Red Sox, and Toronto Blue Jays – have presented offers thought to be at least in the range of the benchmark set by Shohei Ohtani’s contract last offseason, according to Jon Heyman of the New York Post.

The Los Angeles Dodgers are also reportedly still in the bidding despite their offer not being at that level, Heyman reports.

A deal that reaches or crosses the $700 million mark would presumably do so with 15 years of term. However, the expectation is that any contract Soto signs will include at least one opt-out clause, if not several.

No team is believed to have yet separated itself financially as altered offers continue to come in, Heyman added.

The industry-wide expectation is that Soto’s decision will trigger a domino effect of signings around the league, with the unsuccessful clubs striking quickly on their fallback plans.

Soto has consistently been one of the league’s best players since bursting onto the scene as a 19-year-old with the Washington Nationals in 2018.

He owns a .953 OPS (160 OPS+) across seven MLB seasons.

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