Soto has multiple offers above $600 million, [URL='https://www.nytimes.com/athletic/5967592/2024/12/03/juan-soto-signing-update-600-million/']according to a report in The Athletic[/URL], which notes that "all remaining contenders" have offered at least $600 million.

The report, which lists the Mets, Yankees, Red Sox, Blue Jays, and Dodgers are the teams "publicly known to be most serious" about signing Soto, does not specify if all five teams have offered that much or if one or more have been eliminated from contention to sign the 26-year-old.

Soto's agent, [B]Scott Boras[/B], told reporters on Tuesday that Soto had begun the process of eliminating teams.

In The Athletic report, it's written that the Mets are "widely regarded as the favorite," while the Yankees "desperately want to keep Soto" and the Red Sox have "emerged as a surprising force in the negotiations."

SNY's Andy Martino reported on Tuesday that Soto is expected to choose a new team this week, before the Winter Meetings begin in Dallas. Officials from each MLB club will start to arrive in Dallas on Sunday, with the meetings officially beginning on Monday.

According to multiple reports, the present-day value of Soto's deal is expected to exceed the deferral-filled 10-year, $700 million contract [B]Shohei Ohtani [/B]signed last offseason with the Dodgers.