With Soto to Mets, what's next on the free-agent front?
DALLAS -- The Juan Soto sweepstakes came to a stunning conclusion Sunday night, as the slugger agreed to an eye-popping 15-year, $765 million deal with the Mets on the eve of the Winter Meetings.
The details of the deal are as staggering as the total guaranteed number. According to sources, those include:
- There is no deferred money in the contract
- There is a $75 million signing bonus
- There is an opt-out clause after the 2029 season, though the Mets can void it by raising the average annual value of the final 10 years from $51 million to $55 million. That would bring the total contract to 15 years and $805 million -- a $53.66 million AAV
- If Soto does opt out, he will have earned $305 million over five years (including the signing bonus), an AAV of $61 million
It¡¯s going to be difficult for anyone or anything to compete with the deal that kicked off the week in Dallas, but while the baseball world tries to digest the Soto contract, there is plenty of other business to get done in the coming days and weeks.
Coverage: Juan Soto, Mets strike record-setting deal
? Mets, Soto agree to record-breaking 15-yr, $765M deal
? 5 teams at a crossroads now that Soto is a Met
? Largest free-agent contracts in MLB history
? 13 amazing stats and facts about Juan Soto
? Each team's biggest Winter Meetings move
? With Soto to Mets, what's next on the free-agent front?
? Yankees shift focus after Soto moves on
? How will Blue Jays respond after missing out on Soto?
? Morosi breaks down Soto's deal with Mets
? Sherman discusses Soto mega-deal from Winter Meetings
Here¡¯s a look at which teams and players are now in the Hot Stove spotlight:
What do the Yankees do now?
The Yankees took their best shot at retaining Soto, as sources said their final offer to the four-time All-Star was $760 million over 16 years. That¡¯s a $47.5 million AAV, which is $3.5 million less than Soto received from the Mets.
So while the loss of Soto ¨C especially to their crosstown rivals ¨C will surely sting, the Yankees now have significant payroll flexibility to address their needs.
In addition to replacing Soto, the Yankees are in the market for a third baseman (or second baseman depending on where they plan to play Jazz Chisholm Jr.), a starting pitcher and a reliever.
The free-agent market features two notable names at first base: Pete Alonso and Christian Walker. While Alonso has proven that he can handle the pressure-cooker of New York, Walker may be the better fit for the Yankees, as he¡¯s a superior defender and will not require as many years as Alonso.
Alex Bregman could be an option at third base, as could Cardinals third baseman Nolan Arenado, who could be on the trade block. Anthony Santander, Teoscar Hern¨¢ndez or Jurickson Profar could be potential Soto replacements in the outfield. Another name to watch: Cubs outfielder/first baseman Cody Bellinger, who is available for trade and could fill either spot for the Yankees.
On the pitching side, the Yankees could take a chunk of the money they had allocated for Soto and try to sign Corbin Burnes or Max Fried. Sources say New York prefers the left-handed Fried, though the Red Sox are also said to be high on the former Braves starter. Other top free-agent starters include Jack Flaherty and Sean Manaea, though Manaea turned down a qualifying offer and would cost his new team a Draft pick.
With Clay Holmes no longer in the Bronx ¨C like Soto, he¡¯s also headed across town to the Mets ¨C the Yankees could look to sign Tanner Scott, who had an All-Star season with the Marlins and Padres in 2024.
Regardless of which direction(s) the Yankees go, the closure of the Soto saga will allow GM Brian Cashman to turn his attention to the rest of the roster. Expect the Yankees to be among the most active teams in the coming weeks.
The outfield market is open for business
While we had seen some significant deals this offseason prior to Soto¡¯s decision, those largely belonged to pitchers (Blake Snell, Luis Severino, Yusei Kikuchi) and one star infielder (Willy Adames). In fact, the only outfielders to sign guaranteed contracts prior to Soto were Tyler O¡¯Neill (3 years, $49.5 million with the Orioles) and Michael Conforto (1 year, $17 million with the Dodgers).
With Soto off the board, Hern¨¢ndez, Santander and Profar should begin to see their markets begin to take shape.
According to sources, the Red Sox are said to prefer Hern¨¢ndez to Santander, while the Blue Jays favor the switch-hitting Santander. The Yankees checked in on Hern¨¢ndez a couple times early in the offseason, but a source called those talks ¡°very preliminary,¡± as the club was focused on retaining Soto.
What¡¯s next for the Mets?
Oh, you thought signing Soto to a record-setting contract was going to be the Mets¡¯ only move this winter?
Even after making a run to the NLCS this year, the Mets still have some work to do. Soto addressed the big bat they were seeking, but there¡¯s still a vacant corner-infield spot (Alonso is a free agent, so the Mets can either sign a first baseman or move Mark Vientos there and either import a new third baseman or give Brett Baty another shot) and a couple of holes in the rotation.
The Mets already watched Severino depart as a free agent, while Manaea and Jose Quintana are also now on the open market. They signed Frankie Montas (2 years, $34 million) and plan to convert the recently-signed Holmes into a starter, but after Kodai Senga and David Peterson, there¡¯s room for at least one more starter. Could the Mets make another splash by signing Burnes or Fried? With Cohen calling the shots, it would be foolish to rule anything out at this point.