DALLAS — The excitement surrounding Juan Soto's free agency has reached a fever pitch as both the New York Yankees and Mets have significantly raised their bids, now exceeding an astonishing $710 million to $730 million. This escalation not only highlights the fierce competition for Soto's services but also sets the stage for a potentially historic contract, likely to break Major League Baseball records.

Reports indicate that the Mets might have submitted a slightly higher offer as of Saturday night, although the bids from both New York teams are nearly neck and neck. However, it's important to note that the bidding war isn’t limited to just the Yankees and Mets. The Boston Red Sox, Toronto Blue Jays, and Los Angeles Dodgers are still in the fray, and any one of these teams could potentially outbid the New York giants to land the talented 26-year-old.

Interestingly, Soto's decision will not solely hinge on the highest bid—he is reportedly weighing multiple offers and considering factors beyond just financials. Both New York teams are acutely aware of the strengths they bring to the table. The Yankees have the advantage of offering Soto lineup protection in the form of Aaron Judge, a two-time MVP and the current leader in On-Base Plus Slugging (OPS). This aspect is crucial, as Judge's dominance at the plate leads to fewer opportunities for Soto to walk—a valuable stat in his favor.

According to insiders, Soto’s meeting with the Mets, including owner Steve Cohen and president David Stearns, went very well. They showcased their impressive journey to the National League Championship Series (NLCS) last year, enhancing their appeal. The Mets’ proven performance under Stearns in his first season is indicative of their potential to thrive in the coming years.

Meanwhile, the Red Sox and Blue Jays are believed to be putting together competitive offers as well. The Dodgers, despite being seen as slightly behind, shocked many by putting forth a bid exceeding $600 million, although commentators consider them the least likely destination for Soto at this stage.

Soto has also made substantial connections during meetings, particularly during his time with the Yankees where he developed rapport with Judge. The camaraderie between the two players has only intensified speculation about Soto joining the Bronx Bombers. Judge, appreciating prospect contract dynamics, has encouraged Soto to pursue the best possible deal, regardless of its size compared to his own record-setting $360 million contract established just two years ago.

If Soto ends up signing a contract worth approximately $720 million, it would be a staggering milestone—exactly double Judge's previous free agent record. In contrast, projections suggest Soto would exceed Shohei Ohtani's valued contract significantly, potentially breaking the previous threshold by as much as 60 percent, pending the structure of his agreement.

As free agency reaches its climax, fans and analysts will be watching closely to see which franchise secures the superstar hitter and what their new record-breaking contract will entail. The countdown to a groundbreaking decision is on, and it promises to reshape the MLB landscape as we know it.