Yankees’ division rivals to bid for Juan Soto with 15-year offer, claims friend

Yankees' slugger Juan Soto reacts after a run against the Mariners at Yankee Stadium, May 23, 2024.
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Sara Molnick
Wednesday October 9, 2024

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A source close to Juan Soto has shared intriguing insights about the Yankees right fielder’s potential free agency prospects. This individual, a former teammate who wishes to remain anonymous, maintains contact with the slugger and shares the same agent, Scott Boras.

As the Yankees find themselves deadlocked 1-1 with the Royals in the American League Division Series, the source revealed to MLB insider Randy Miller that the Toronto Blue Jays might be preparing to make an exceptionally generous offer to Juan Soto.

The source claimed to have firsthand knowledge of the Blue Jays’ interest, explaining that the team, coming off a disappointing 74-88 season, is eager to return to contention. According to him, the Blue Jays’ ownership is considering a significant financial investment to bolster their roster, including plans to re-sign Vladimir Guerrero Jr. and potentially acquire Juan Soto with what could be the most lucrative non-deferred contract in MLB history.

He likened the potential pairing of Juan Soto and Guerrero in Toronto to the dynamic duo of Soto and Aaron Judge on the Yankees this year, suggesting that Blue Jays management sees this as an ideal lineup combination.

However, when questioned about Juan Soto’s willingness to commit long-term to a Canadian team, the source expressed uncertainty. He mentioned advising Juan Soto against choosing a team unlikely to win but acknowledged that Soto’s ultimate decision remains unknown.

“Look for the Blue Jays to make an astronomical offer,” he reportedly told over phone. “I heard it with my own ears. The Blue Jays think Soto would be perfect for their lineup and team. I know their management thinks Soto and Guerrero for them would be what Soto and (Aaron) Judge were like this year for the Yankees. But I don’t know (if Juan Soto accepts). I’ve told him, ‘Don’t go somewhere where you’re not going to win.’ But I don’t know what he’s going to do. Nobody does.”

As Juan Soto, a four-time All-Star approaching his 26th birthday, continues to showcase his skills in the postseason, these rumors add an intriguing dimension to his impending free agency.

Aaron Judge and Juan Soto celebrate after the Yankees win the AL East title at Yankee Stadium on Sept. 26, 2024.
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Last year, the Blue Jays made a bold move by offering a package similar to the $700 million, largely deferred deal that Shohei Ohtani ultimately accepted from the Dodgers. This demonstrates Toronto’s willingness to pursue top-tier talent aggressively.

Who are into the Juan Soto sweepstakes?

Industry insiders currently view the Yankees and Mets as frontrunners for Juan Soto’s services. Juan Soto, demonstrating savvy negotiation tactics, has expressed openness to all franchises, both publicly and privately. This strategy could potentially draw in unexpected bidders and drive up his market value.

The Blue Jays have previously influenced negotiations, as evidenced by their role in DJ LeMahieu’s contract talks with the Yankees after the 2020 season. Their offer of a sixth year at $15 million prompted the Yankees to reluctantly match, securing LeMahieu’s continued services.

The Dodgers are considered another potential major player in the Juan Soto sweepstakes. Having reportedly secured substantial endorsement funds from Japanese companies for Ohtani’s contract, they might have additional resources to pursue Soto while managing luxury tax implications.

Interestingly, a source close to Juan Soto suggests that his former team, the Washington Nationals, could emerge as a surprise contender. Despite trading Soto in 2022 after he reportedly declined a 15-year, $440 million offer, the Nationals hold a special place in Juan Soto’s career. He won a World Series with them in 2019, and the team may be approaching a competitive resurgence after several losing seasons.

The Philadelphia Phillies, backed by billionaire owner John Middleton’s strong desire for success, are also mentioned as potential bidders in the Juan Soto sweepstakes. This diverse field of potential suitors underscores the high stakes and widespread interest in acquiring Juan Soto’s talents for the long term.

Juan Soto has consistently expressed his appreciation for his inaugural season with the Yankees since his acquisition from the Padres last December. He has voiced his fondness for playing alongside Aaron Judge, his enjoyment of the New York atmosphere, and his gratitude for the warm reception from Yankees fans.

Jazz Chisholm and Juan Soto celebrate after the latter's walk-off hit help the Yankees beat the Red Sox at Yankee Stadium on September 12, 2024.
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His performance in New York has been remarkable, with a .288 batting average, a career-best 41 home runs, 109 RBIs, 129 walks, and an impressive .989 OPS. These statistics potentially position him for a top-three finish in the American League MVP voting, competing with Judge and Royals shortstop Bobby Witt Jr.

While there has been speculation that Juan Soto’s decision will be primarily financially motivated, a source close to him suggests the situation may be more nuanced. The source indicates that the slugger’s choice to stay with the Yankees potentially might depend on the initial offer, emphasizing that the starting figure would need to be substantial.

The source suggests that a $500 million offer, which would far exceed the Yankees’ current record contract of $360 million over nine years for Judge, might be considered insufficient. Instead, the source believes the opening bid should start at $600 million, citing Juan Soto’s young age of 25 as a key factor. The source also doubts that Soto would accept deferred money in his contract.

Projecting Juan Soto’s potential contract, the source anticipates a 15-year deal at $40 million annually, totaling $600 million. This lengthy contract duration is justified by comparing it to other top players like Judge and Mike Trout, who have secured payments into their late 30s or early 40s.

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