The Toronto Blue Jays have ramped up contract discussions with superstar Vladimir Guerrero Jr., according to ESPN's Buster Olney. While the particulars of the latest offer remain undisclosed, sources indicate that a significant divide still exists between the player's expectations and the team's proposal.

The ongoing saga of Guerrero's contract negotiations has captivated fans and analysts alike, especially with Guerrero set to potentially hit free agency after the 2025 season. This timeline has added urgency to discussions, as it's common for players to seek resolution before the season starts to minimize distractions. Guerrero himself had previously set a more immediate deadline of February 18, the beginning of Spring Training, but that date has passed without a finalized agreement. Despite this, Guerrero has expressed a willingness to keep negotiations alive with the Blue Jays if they wish to reconnect.

Reports suggest that Guerrero's asking price is a staggering $500 million over a span of at least 14 years. While the Jays reportedly proposed a similar package in February, the financial structure included deferrals that would lower its net present value (NPV) to between $400-450 million. Guerrero remains open to considering deferrals but insists on achieving the full $500 million NPV.

The perceived discrepancy of $50-100 million may seem substantial, but in context, it's a relatively small amount on an annual basis—roughly $3.5 to $7 million each year. This figure is comparable to what teams spend annually on a veteran relief pitcher or a backup catcher. Given Guerrero's prominence as the face of the franchise, bridging this financial gap seems plausible and sensible for the Blue Jays, especially as they strive to build a competitive roster.

Under the leadership of president Mark Shapiro and general manager Ross Atkins, the franchise has had a mixed track record. Although the team has enjoyed regular-season success, it has succumbed to early playoff exits in recent years, leading to a frustrated fanbase. The potential loss of a player of Guerrero's caliber could exacerbate that discontent, particularly when the new season is just around the corner. Achieving an agreement by Opening Day could significantly uplift the team's spirits among supporters.

In recent comments, Shapiro conveyed optimism regarding the conclusion of these negotiations, indicating that a resolution could be reached, whether through an extension or during free agency. Atkins mirrored this sentiment, suggesting the organization remains hopeful about finalizing a deal.

While specifics of the new offer have not been revealed, the belief is that it has moved closer to Guerrero’s demands. If finalized, the contract would set unprecedented records in Major League Baseball. Until now, no player has achieved a deal with an NPV of $500 million or more. The current record stands with Shohei Ohtani's ten-year, $700 million contract with the Dodgers, which also stands out due to its unique deferrals.

Guerrero, who recently turned 26, boasts an impressive resume with 819 games under his belt, featuring 160 home runs and a batting average of .288. He has consistently shown power and proficiency at the plate, having had standout seasons including a .323 batting average and 165 wRC+ last year. While concerns linger about his defensive capabilities at first base, it’s his offensive prowess that undoubtedly adds significant value to his market.

Should the Blue Jays and Guerrero be unable to reach a consensus, he stands poised to be one of the most sought-after free agents in the coming offseason, making every moment of this negotiation critical for the franchise's future. The eyes of the baseball world remain fixed on the unfolding developments as Opening Day approaches.

Can the Blue Jays close the financial gap and secure their franchise cornerstone? Fans are left on the edge of their seats as this story continues to develop.