This article will be updated frequently with the latest information on Juan Soto’s free agency. Last updated: November 17 at 11:01 a.m. ET.

Last MLB offseason, all eyes were on Shohei Ohtani. This offseason, it’s Juan Soto.

Every winter, several attractive free agents become available for teams to try to add to their roster in an effort to improve their chances of achieving the ultimate goal: winning a World Series.

While some free agents fall more into the category of situational additions (like teams looking for more hitting from a particular side or help in a specific defensive position), there are some players who are making a splash: you add if you have the chance. no matter how they fit into your list now and figure out the rest later.

Soto is one of those players. And just like Ohtani, his free agency will be a huge domino when it comes to free agency in general. Teams interested in spending on Soto will have plenty of money to spend in their budget, but only once they learn they are definitely out of the running for Soto.

So, in this guide, which will be updated frequently with the latest information, let’s start there: How much will Soto cost the winning team?

Short answer: Probably between $430 million and $700 million.

Several factors play into how much a player can earn on his contract in a world without a salary cap. What is the player’s level? How old are they? What contract length are they looking for? How is the contract structured?

Soto is part of the first group of players who can essentially ask for “the new record”: a deal that exceeds the previous record.

Jon Heyman reported on October 31 that Soto was seeking a $700 million deal. That raw value would be the same as what Ohtani landed on last winter with the Los Angeles Dodgers, however, Ohtani’s deal is unique and largely delayed (he’s paying Ohtani even after his playing days are over with the Dodgers). The current value of Ohtani’s contract when he signed last offseason was worth approximately $337 million. Taking other factors into account, this value was described as being closer to $430 million.

Heyman later reported Soto’s deal ‘could reach $600 million’ but did not cancel a $700 million contract. It appears Soto isn’t interested in a widely delayed deal, likely wanting his annual payment to be close to the AAV of the contract itself.

It is certain that a team can offer him the $700 million he and his agent, Scott Boras, are seeking, but that may not be Soto’s final decision. Players routinely take pay cuts for situations they view as more favorable, and all indications are that Soto highly values ​​a setting that will give him plenty of chances in the playoffs.

Heyman reported on Nov. 17 that it’s unclear whether the teams that have met with Soto over the past week have made any offers. Other reports indicated that the Red Sox did not make an offer during their November 14 meeting with the star.

Soto free agent Scott Boras declared in early November that the decision would not be forthcoming. He cited an unusually high number of interested parties that Soto and Boras want to examine thoroughly.

Many speculated that the winter meetings would be the most likely time for a deal to be reached. These will take place from December 8 to 12.

Here’s a look at all the teams reportedly meeting with Soto so far.

First meetings

Soto met the Boston Red Sox November 14the first team reported meeting him. Soto was reportedly impressed by the display of the Boston brass, and asked about three specific items.

So then met the Toronto Blue Jays on November 15another encounter described as “impressive”.

The most recent team to meet Soto was the New York Mets November 16. He met them on Saturday and Queen’s contingency was described as “hopeful” after the meeting.

The New York Yankees are believed to be Soto’s next date, according to Heyman.

Second meetings

No one has received a follow-up meeting yet.