Report: Yankees Increase Juan Soto Bid With Historic Offer

The New York Yankees are reportedly doing whatever it takes to try and bring back superstar free agent Juan Soto.
Jon Heyman of The New York Post reported on Saturday night that both the Yankees and New York Mets have increased their offers to land the star outfielder for deals that will likely blow past the standing record of $700 million.
"The Yankees and Mets both remain heavily involved in the five-team Juan Soto Derby, with both clubs recently upping offers into the $710 million-$730 million range — MLB record territory — as it’s believed the sweepstakes could be within a day or two of an historic conclusion," Heyman wrote.
The expectation is that Soto's soon-to-be record-breaking contract will surpass Shohei Ohtani's $700 million deal that was signed with the Los Angeles Dodgers last offseason.
However, Heyman also revealed that the Yankees' cross-town rivals may be offering the highest contract to the 26-year-old by a slight margin behind Mets deep pocketed owner Steve Cohen.
"It is believed the Mets may be slightly higher as of Saturday night, but the respective offers appear to be within shouting distance," Heyman wrote.
New York's AL East rivals the Boston Red Sox and Toronto Blue Jays have also placed substantial bids on the superstar.
The Yankees acquired Soto in a blockbuster trade with the San Diego Padres last winter, and the outfielder is coming off his best season in the major leagues to date in his lone season in the Bronx. Soto slashed .288/.419/.569 with a career-high 41 home runs and 109 RBI in 157 games and helped lead the Yankees to their first World Series appearance since 2009.
The Yankees are making it clear that they're more than serious about retaining Soto and keeping him in the Bronx for the foreseeable future.