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Yankees, Juan Soto agree to record-setting one-year deal to avoid arbitration

The Yankees and superstar outfielder Juan Soto have reached an agreement on a one-year deal to avoid arbitration, according to numerous reports.

Soto is set to receive a record-setting $31M this season, which is now the most an arbitration-eligible player has ever received, topping Shohei Ohtani's $30M deal he signed with the Angles last season.

The 25-year-old is set to reach free agency at the end of this season, but for now, he'll make up one of the best one-two punches in baseball alongside Aaron Judge.

The third outfielder next to them who was acquired in a trade with the division rival Red Sox, Alex Verdugo, also came to terms with his new team on a $8.7M deal for this season.

Along with those two, the Yanks also reached agreements with the following players:

New York had 10 arbitration-eligible players this offseason and they were able to come to terms on a deal for the 2024 season with all of them to avoid going to a hearing.