`Soto 987.6 billion won, not twice as surprising as Judge.' Can the Yankees catch it? a sign of soaring ransom prices
Nov 04, 2024
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There are two main 'Soto Scenario'. It's either to stay in the Ankis or to transfer, but the prevailing view is that it will be difficult to stay in the Yankees at the moment. This is because Yankees owner Hal Steinbrenner is burdened with the luxury tax.
New York Post reporter Joel Sherman said in an article highlighting Soto's possibility of staying in the Yankees on the 4th (Korea time), `This year's Yankees payroll is expected to be about $315 million, and you have to pay about $60 million in taxes. Steinbrenner once said that the current payroll is unbearable for the Yankees.'He seems to want it to drop below $300 million and further below the maximum luxury tax ceiling of $291 million. If so, it is difficult to secure Soto unless a way to sign a large-scale contract is found.
Soto's FA value is estimated to be at least $500 million. In a survey of 'Soto FA Ransom and Destination' released by ESPN on the 1st, all 15 experts, including club officials and agents, expected a total of more than $500 million. Specifically, three people with $500 million to $549 million, three people with $550 million to $599 million, and seven people with $600 million to $699 million, and two people with more than $700 million. Many experts believe that it can break the 10-year, $700 million mark of Shohei Ohtani of the Los Angeles Dodgers.
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Reporter Sherman agreed with Heyman's prediction.
`If Soto wants to sign a contract that guarantees up to the age of 39, and pays an average annual salary of $46.08 million, which is calculated at Otani's present price, he could earn a total of $658 million,' he said. `However, he may want to sign a contract of $700 million without delay and become the first player to receive $50 million per year without delay.'
It is a sufficiently predictable scenario. Of the total contracts Ohtani signed with the Dodgers in December last year, 97% are deferred payments received for 10 years from 2034. Taking this into account, the current price is $460.8 million. It's less than half a billion dollars.
Local media believe that Soto will form a contract in the range of at least $500 million and up to $700 million as a complete contract without deferral of payment.
Reporter Sherman said `Soto's agent is Scott Boras. After the end of the 2000 season, he signed a 10-year, $252 million contract to Alex Rodregues, double the $126 million contract of the NBA's Kevin Garnett, the highest contract record in North American professional sports at the time. He said, `I wouldn't be surprised if Soto shot $720 million, double the $360 million in jersey on a symbolic basis.'
Reporter Sherman concluded that at this scale, it is difficult for owner Steinbrenner to listen.
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For Soto, the Yankees are the ideal team, but if you want to get the ransom you want, you have to hold the hands of the Mets, San Francisco and Toronto.
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jhno@sportschosun.com
