Speculation regarding the New York Yankees’ ability to keep Juan Soto on their roster beyond the 2024 season began almost immediately after they executed the significant trade to acquire him in December.
It’s understandable that fans are eager to secure the 25-year-old Soto, who is poised to become a free agent after the upcoming season, for more than just a one-year stint. With his impressive track record, including four Silver Slugger awards, three All-Star appearances, a former NL batting title, and leading in OBP twice in his six-year career, Soto’s value is undeniable.
In their “Yankees 2024 bold predictions” for The Athletic, Chris Kirschner and Brendan Kuty forecasted that the team would reach a deal with Soto amounting to $600 million. They justified this significant investment by highlighting Soto’s exceptional performance, likening him to legendary hitters such as Ty Cobb, Mike Trout, Mickey Mantle, and Jimmie Fox.
A contract of this magnitude would position Soto as one of the highest-paid players in MLB history, trailing only Shohei Ohtani’s $700 million deal with the Los Angeles Dodgers. Notably, it would make Soto the highest-paid hitter in the league, surpassing notable contracts like Mike Trout’s $426.5 million extension with the Los Angeles Angels and Mookie Betts’ $365 million extension with the Dodgers.
Anticipating stiff competition for Soto’s signature, especially from high-spending teams, the Yankees may need to fend off rivals, with the New York Mets, led by Steve Cohen, emerging as a significant contender. Despite this, Soto’s recent interactions with the Yankees, such as visiting their academy in the Dominican Republic, suggest a potential inclination towards staying with the team long-term, provided they can match or exceed offers from other suitors.
Beyond his on-field prowess, the allure of inspiring young players, as evidenced by his visit to the Yankees’ academy, could factor into the negotiations, with teams likely considering the broader impact of having Soto wear their uniform.
