Thursday, April 30, 2026

Why Would Juan Soto Turn Down a $350M Extension?

  • The contract would be the third-most lucrative in MLB by total value.
  • But the $26.9M average annual value would rank only 17th.
Brett Davis-USA TODAY Sports/Design: John Regula

Juan Soto turned down a 13-year, $350 million contract with the Nationals prior to the MLB lockout.

Given his sky-high potential, even the third-highest total contract in baseball would be nowhere near what he’s worth — and super-agent Scott Boras knows it. In terms of AAV, Soto would only rank 17th ($26.9M).

If the 23-year-old can keep up his tremendous production, he could command the first $500 million contract in MLB history when he’s a free agent in 2024.

  • Soto is the sixth player in MLB history to finish second in both Rookie of the Year (2018) and MVP (2021) voting.
  • During the shortened 2020 season, he led the majors in batting average (.351) and OPS (1.185).
  • His career position-player WAR (17.6) is the highest of anyone who has been in the league for four seasons or fewer — including Ronald Acuna Jr. (14.9) and Fernando Tatis Jr. (13.6).

Tatis set the market for young superstars with the 14-year, $340 million deal he signed last offseason — likely a bargain for the Padres in the long run. Acuna, meanwhile, got “only” an eight-year, $100 million contract from the Braves after winning the 2018 ROY.

Assuming there is a 2022 season, Soto can increase his leverage by winning National League MVP — he’s currently the co-favorite with Tatis (both +350*).

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

Kalshi's logo is displayed on a smartphone placed on a reflective surface onto which a betting curve is projected in Creteil, France, on March 9, 2026, during a major scandal and a $54 million lawsuit concerning bets related to recent strikes in Iran. (Photo by Samuel Boivin/NurPhoto)NO USE FRANCE

CFTC: ‘Biggest Issue Is Manipulation’ in Sports Event Contracts

Michael Selig says his agency is in talks with “all the major sports leagues.”

Braves Say New TV Network Is on Pace to Beat Old RSN Revenue

Early returns from the new regional sports network provide confidence.
Aug 23, 2025; Phoenix, Arizona, USA; A general view of the MLB logo before the start of a game between the Cincinnati Reds and Arizona Diamondbacks at Chase Field.

Sportradar Refutes Claims It Works With Illegal Betting Companies

The company is an integrity monitor for leagues including the NBA and MLB.

Red Sox Fire Alex Cora, Five Coaches in FSG’s Biggest Test Yet

The John Henry-led FSG is facing its greatest challenge.

Featured Today

INDIANAPOLIS, INDIANA - MARCH 25: Caitlin Clark of the Indiana Fever sits on the baseline and makes photographs during the Indiana Pacers game against the Los Angeles Lakers at Gainbridge Fieldhouse on March 25, 2026 in Indianapolis, Indiana.

Why Athletes Are Moonlighting As Sports Photographers

Athletes are swapping courtside seats for sideline cameras.
Quinnipiac women's varsity rugby
April 21, 2026

The Death of Quinnipiac Women’s Varsity Rugby

The sudden decision at Ilona Maher’s alma mater left players blindsided.
April 17, 2026

The Lawyer Steering the NIL Era

In the new era of college sports, Darren Heitner is everywhere.
blake griffin
April 14, 2026

Inside Blake Griffin’s Rookie Season at Prime Video

The six-time All-Star was initially hesitant to enter the media space.
Mar 25, 2026; Miami Gardens, FL, USA; Elena Rybakina (KAZ) salutes the crowd after her natch against Jessica Pegula (USA) (not pictured) on day nine of the 2026 Miami Open at Hard Rock Stadium.
April 27, 2026

Tennis Star Calls Out ‘Wrong’ Electric Line-Calling System in Madrid

A stomach virus has spread across the Madrid Open.
Brendan Sorsby runs with the ball during the Texas Tech football team's spring game, Friday, April 17, 2026, at Jones AT&T Stadium.
April 27, 2026

Texas Tech QB Sorsby to Seek Treatment for Gambling Addiction

The NCAA has reportedly opened an investigation into Sorsby’s betting activity.
Sponsored

Why Brandon Marshall Bet on Athlete-Owned Media

Brandon Marshall on athlete media, life after football, building I AM ATHLETE.
Sponsored

How Thrivent and Athletes for Hope Are Leading With Purpose

Meet those making a difference as Thrivent and Athletes for Hope spotlight community impact.
Indiana University quarterback Fernando Mendoza speaks to the media at the 2026 NFL Combine.
April 24, 2026

Fernando Mendoza Will Arrive in Unique Raiders Situation

The top pick enters the league with high intrigue and higher expectations.
April 24, 2026

Carlos Alcaraz Withdraws From French Open Due to Wrist Injury

Jannik Sinner would secure a career Grand Slam with a French Open title.
April 23, 2026

Project B Says Mitchell Still In After Comments on Playing Abroad

Mitchell signed a one-year, $1.4 million supermax deal earlier this month.