Super agent Scott Boras represents Soto, and the general consensus has been that Soto will test MLB free agency in the upcoming winter. Considering his performance and the current baseball market dynamics, it makes sense.
Thanks to MLB insider Jon Heyman, we now have some additional startling information regarding Soto’s future with the Yankees.
He said on Wednesday that Soto’s chances of staying with the Yankees past this season are “very good.” The recent announcement by Yankees owner Hal Steinbrenner that the team will need to reduce payroll going forward is shocking.
“To be really honest, we can’t afford to maintain payrolls at the current levels,” Steinbrenner declared last week. “Considering the luxury tax we must pay, it wouldn’t be sustainable for the vast majority of ownership [groups].”
Related: The owner of the New York Yankees once more anticipates significant budget cuts
Will Juan Soto’s time with the New York Yankees not be his last?
We have no doubt that other major-market teams will enter the Soto sweepstakes in the upcoming winter. Additionally, there’s a very slim chance that he’ll sign an extension before the season ends.
The Yankees should be in a strong position to keep Soto, despite the conflicting reports regarding his future. He is probably considering a contract worth at least $500 million in total. Few MLB organizations are able to pay for it. In summary, financial constraints will limit Soto’s market.
Stats for Juan Soto in 2024:.312 average, 15 home runs, 46 RBI,.408 on base, and.989 on hits
Soto has established himself as a reliable force at the plate in the middle of a season that has seen some Yankees stars struggle.
Everything will depend on how the market develops. However, if Soto intends to stay with the Pinstripes for a long time, don’t be shocked.
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