Wednesday, July 1, 2026

The $500 Million Juan Soto Question Lingers at MLB’s All-Star Game

  • The Yankees superstar could attract the second-largest player contract in U.S. team sports history.
  • Paul Skenes tries to stick to business upon his arrival in Texas for the All-Star Game.
Jul 4, 2024; Bronx, New York, USA; New York Yankees right fielder Juan Soto (22) reacts after hitting a two run home run in the seventh inning against the Cincinnati Reds at Yankee Stadium.
Wendell Cruz-USA TODAY Sports

ARLINGTON, Texas — Two years ago, the saga of Juan Soto dominated MLB’s All-Star Game as he ultimately was days away from being traded from Washington to San Diego after rejecting a then record $440 million contract offer from the Nationals. 

Now, Soto is a Yankee and again an All-Star. His situation is currently sharing the spotlight with the frenzy around Pirates rookie phenom Paul Skenes, who will be the starting pitcher for the National League. But the saga of Soto and his long-term contract status is once more poised to render huge impacts across the entire sport.

The 25-year-old Soto will be a free agent at the end of the season, and expectations are that he will sign a contract of at least $500 million, a pact that would trail only Shohei Ohtani’s historic $700 million deal with the Dodgers. If Soto can get to at least $504 million, he would surpass Chiefs superstar Patrick Mahomes for the second-largest player deal in all of U.S. team sports. 

“I’m just trying to enjoy the moment,” Soto said Monday. “I’m trying to leave the free agency to [agent] Scott [Boras], focus on my game, and not think about where [the deal is] going to be.”

Boras, the powerful and high-profile agent who represents Soto, has called his client a “centurion,” arguing that Soto is not just one of MLB’s elite players but also a generational-level talent who can materially add to franchise values.

The likely price tag on Soto excludes a large swath of MLB’s lower-revenue teams, but three candidates immediately stand out: the Yankees, Mets, and Dodgers. Soto has raved about his experience with his current club since arriving in New York, and said again Monday that Yankees fans were the “most impressive” he’s played for. Mets owner Steve Cohen, worth nearly $20 billion, is MLB’s richest team owner, and given his prior penchant for record-setting payroll spending, is the most well-equipped to dig deep for Soto. 

But when asked Monday which player he would most like to play with who he hasn’t yet, his immediate answer spoke volumes: Ohtani. Furthermore, he said the final outcome of the Yankees’ season won’t necessarily have a bearing on his free-agency decision, despite his current happiness in pinstripes.

“I don’t know if that’s going to affect anything with my decision,” he said. “When it’s time to make a decision, we’ll sit down and look around. But right now, I hope to win another championship.”

Skenes Narrows His Focus

Skenes and girlfriend Olivia Dunne, a star LSU gymnast with a social media following of more than 13 million, are rapidly becoming baseball’s version of the Travis Kelce–Taylor Swift romance. MLB is happily leaning into that notion, posting a picture Monday of their arrival in Texas for the All-Star Game.

But once here, Skenes quickly showed a more back-to-basics approach for the high-profile event, seeking to filter out as many distractions as possible to focus on baseball.

“I’m just looking forward to spending some time with some of the veteran guys here,” Skenes said. “I want to pick their brains and see what they have to share.”

The prime-time showcase Tuesday for Skenes, however, will likely be limited as the pitcher is currently slated to appear for only one inning. If the American League is retired in order during the first inning, viewers could be deprived of a matchup between Skenes and Yankees superstar Aaron Judge, hitting cleanup. 

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Bobby Bonilla Day Would End With MLB Owners’ Proposal

MLB team owners are seeking to outlaw future contracts with deferred money.
Jun 28, 2026; Baltimore, Maryland, USA; Baltimore Orioles outfielder Colton Cowser (17) congratulates infielder Jackson Holliday (7) at home plate after Holliday hit a two-run home run in the seventh inning against the Washington Nationals at Oriole Park at Camden Yards.

Underperforming Teams Make for Uncertain MLB Trade Market

Many clubs don’t yet know whether they will be buyers or sellers.
Jun 28, 2026; Cromwell, Connecticut, USA; Viktor Hovland follows his drive on the 1st hole during the final round of the Travelers Championship golf tournament. Mandatory Credit: John Dufour-Imagn Images

NBC Misses First Hour of Red Sox–Yankees Amid PGA Tour Delay

The Travelers Championship experienced a weather delay on Sunday.
podcast thumbnail mobile
Front Office Sports Today

7/1/26 – LeBron Leaves the Lakers, Kawhi to Toronto, Sorsby Drops NFL Fight, Serena Falls at Wimbledon

0:00

Featured Today

Kansas City Chiefs

NFL Teams Push to Turn Futbol Fans Into Football Devotees

NFL teams are courting international soccer fans during their World Cup visits.
June 26, 2026

What We Saw Traveling the U.S. for the World Cup Group Stage

The knockout stage begins Sunday.
June 26, 2026

In an Era of $1,000 Tickets, $10 Watch Parties Bring Fans Together

Stadium watch parties now rival home-game experiences.
June 25, 2026

Italian Americans Have Severe World Cup FOMO

Bars and restaurants in Boston, Philly, and beyond are missing the Azzurri.
Indiana Fever guard Lexie Hull (10) celebrates a three-point basket Monday, June 22, 2026, during the game at Gainbridge Fieldhouse in Indianapolis. The Indiana Fever defeated the Phoenix Mercury, 86-77
June 24, 2026

Female Athletes Are Trying to Build the ‘Athleisure of Beauty’

“Performance cosmetics” have emerged alongside the women’s sports boom.
Jun 11, 2026; Portland, Oregon, USA; WNBA Commissioner Cathy Engelbert meets with the working media before Portland Fire against the Las Vegas Aces at Moda Center.

Cathy Engelbert Responds to Alyssa Thomas’s Callout

Thomas received a Flagrant 2 foul and one-game suspension last week.
June 29, 2026

Unrivaled Lands Two International Stars Amid Project B Battle

Unrivaled also signed Canadian forward Bridget Carleton.
Jun 30, 2026; London, United Kingdom; Serena Williams of the United States returns a shot during her match against Maya Joint of Australia on day two at All England Lawn Tennis and Croquet Club.
June 30, 2026

Serena Williams Loses in Return to Singles at Wimbledon

It was her first singles match since the 2022 US Open.
Sponsored

Josh Childress: Why Now Is the Time for NBA Expansion

Josh Childress on why he invested in the Portland Thorns, the case for NBA expansion, and donating to Stanford NIL.
June 25, 2026

Tracy McGrady Buying 80% of ABCD as He Revives Legendary Camp

McGrady is bringing back a piece of basketball history.
June 23, 2026

Greg Olsen: NFL Franchises Interested in Hosting Tight End U

The annual summer summit is in its sixth year.
June 23, 2026

Giannis Antetokounmpo Finally Traded to Miami

The Heat and Bucks struck a deal late Monday night.
Apr 18, 2026; Raleigh, North Carolina, USA; Carolina Hurricanes defenseman Jalen Chatfield (5) checks Ottawa Senators left wing Brady Tkachuk (7) during the second period in game one of the first round of the 2026 Stanley Cup Playoffs at Lenovo Center.
June 22, 2026

Tkachuk Is Latest Star Player on Canadian Team to Move South

The former Senators captain will now play with his older brother.