Juan Soto is on the verge of potentially becoming one of the wealthiest players in baseball history. The young superstar, known for his exceptional slugging ability, is set to enter free agency after the conclusion of the 2024 MLB season, raising anticipation among fans and teams alike regarding his next contract.
This past offseason, the focus was primarily on Shohei Ohtani and his landmark contract with the Los Angeles Dodgers, where he signed for a staggering 10 years at $700 million, contributing to the team’s immediate success with a World Series win. As Soto heads into free agency, comparisons are being made between the two talents, leaving many to wonder what kind of deal awaits him.
While Soto may not match Ohtani’s average annual value of $70 million, he is expected to secure a colossal deal in terms of overall value. In Major League Baseball, it’s common for players to sign lengthy contracts, especially for someone of Soto’s caliber, who could be a perennial MVP candidate at just 26 years old. Reports suggest that his future contract could span 12 to 14 years, following precedents set by other players such as Bobby Witt Jr., Fernando Tatis Jr., and Bryce Harper, who all signed contracts ranging from 13 to 14 years at similar ages.
Comparatively, the contract Aaron Judge signed after his MVP season, worth $40 million annually, may pale in comparison to what Soto could command given that he is significantly younger. Speculation suggests that Soto could potentially land a deal somewhere in the vicinity of $500 million over 12 years, equating to approximately $41.7 million annually, while many believe he could even exceed this figure.
With major contenders, including the Yankees, Mets, and Dodgers, all expected to chase the superstar, Soto’s next contract could reach a total value in the mid-to-high $500 millions, reflecting his prominence and the increasing payrolls in baseball.
Overall, Soto’s future in the MLB is bright, as he has not only demonstrated remarkable talent but also possesses the potential to significantly influence his team’s success for years to come. As fans eagerly await the next chapter in his career, the excitement around his free agency marks a pivotal moment in baseball history.
In summary, Juan Soto is poised to become one of the highest-paid athletes in baseball, with a potential contract that may set new records, reflecting his value and the competitive nature of MLB teams. The hope surrounding his future contract reinforces the idea that young talent is highly sought after in the league, promising an exciting offseason ahead.