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Report: Red Sox, Mets, Jays believed to have offered Soto upward of $600M

Jim McIsaac / Getty Images Sport / Getty

The bidding war for Juan Soto in free agency is ramping up.

The Boston Red Sox, New York Mets, and Toronto Blue Jays are believed to have made offers north of $600 million to Soto, while the New York Yankees are in the $550-million range, a source told Randy Miller of NJ Advance Media.

The four-time All-Star would like a deal without deferrals, a source told Miller. In comparison, Shohei Ohtani deferred $680 million of his record-setting contract.

Soto, 26, is expected to exceed Ohtani's $46-million average annual value, a source told Jack Curry of YES Network.

There's reportedly a widespread belief among bidders that the Blue Jays will come in with the highest offer.

The 2024 AL MVP finalist will likely make a decision on where he wants to play in the next 10 days, sources told MLB Network's Jon Morosi. The winter meetings - the site of many big free-agent splashes over the years - start next Monday.

Soto recorded a career-high 41 homers with 109 RBIs and a .989 OPS over 157 games last season. He also slashed .327/.469/.633 with four long balls and nine RBIs in the playoffs, helping the Yankees reach the World Series for the first time in 15 years.

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