Report: High Profile Outfielder Contract Worth $550 Million Done On Waiver Claim
As the 2024 season wraps up, the Yankees will face a significant decision regarding superstar outfielder Juan Soto. Ownership has expressed a strong desire to secure him with a long-term extension, but his price continues to rise and could approach $550 million in total.
Yankees’ Financial Strategy and Competition
The Yankees might attempt to persuade Soto to defer some of his contract money, which could free up funds for immediate spending. However, Soto has undoubtedly earned a significant payday, and there will be strong competition for his services. The New York Mets, with the deep pockets of owner Steve Cohen, could also make a substantial offer. While the Yankees have the financial resources to compete, Soto’s final decision will likely come down to his personal preferences and where he feels the best fit.
Soto’s Performance and Team Chemistry
The Yankees are in a strong position to secure Soto with a long-term deal, especially given his positive experience with the team and his strong relationships with his teammates. Soto has been exceptional this season, showcasing his talent with a .307/.438/.615 slash line over 118 games, 34 home runs, 87 RBIs, and impressive rates of 15.1% strikeout and 18.8% walk. His 192 wRC+ reflects the best season of his career, which should only enhance his market value as he heads into a critical contract year.
Soto’s Unmatched Offensive Skills
Soto is on track to surpass his career-high of 35 home runs, demonstrating exceptional power metrics. He ranks in the 100th percentile for expected wOBA (xwOBA), expected batting average (xBA), and expected slugging percentage (xSLG). His barrel rate also places him in the 100th percentile, highlighting his elite hitting discipline. With his offensive capabilities being unmatched and no direct replacement available, losing Soto’s bat would be a significant blow for the Yankees.
Defensive Improvements
Although Soto has previously been criticized for his defense, he has significantly improved this season. Over 999.1 innings, he has posted a .992 fielding percentage and recorded six defensive runs saved, marking the best defensive performance of his career by a substantial margin.
The Bigger Picture
Soto’s elevated performance across all aspects of his game suggests that the Yankees would receive substantial value from investing in him. His impact will likely be reflected not only in his on-field contributions but also in increased jersey sales and potential playoff success. However, the Yankees will still need to address other weaknesses on their roster to fully capitalize on Soto’s addition.