A new poll of various MLB executives reveals the New York Yankees likely cost for a new Juan Soto contract and it is astounding. Entering the MLB games today, the Yanks sit atop the American League East and have the best overall record in baseball. The team has had a dominant start to the season and Juan Soto deserves a lot of credit for that. He posted some of the best numbers of his career and is a legitimate AL MVP candidate in 2024. While he has become a huge fan favorite for Yankees fans, there is no guarantee he will be back on the roster next season as his stellar season comes just in time for a jump into MLB free There have been numerous stories regarding what his asking price would be after turning down a $440 million deal from the Washington Nationals a few years back. On Tuesday, ESPN MLB writer Kiley McDaniel was able to obtain some insight from 28 executives around the league about the potential cost of a new contract for the Yankees or any of the other teams who will be interested in his services. Of the 28, three proposed transactions of $600 million or more (14 years/$600 million, 12 years/$605 million, and 10 years/$655 million) agency this winter.
It is a staggering sum that is still $100 million less than Shohei Ohtani’s contract with the Los Angeles Dodgers, but it will be worth more annually because it is unlikely to include the same enormous deferments that the Japanese phenom received.
However, the majority of the executives polled—14 in total—believed a deal of $500-$590 million was possible for the soon-to-be four-time All-Star. Deals of 12 years/$500 million and 13 years/$500 million were prevalent. However, one official suggested that a 14-year deal worth $588 million was logical.
Just a few months ago, forecasts indicated that a Soto transaction would cost in the half-billion area. However, given his performance this season, the New York Yankees will likely have to invest around $600 million to keep the ace outfielder in the Bronx.
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