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Juan Soto Avoids Arbitration with $31 Million Yankees Deal

It’s only been a month since Juan Soto was traded to the New York Yankees, and he already proved his devotion to his new team. The Dominican outfielder signed a one-year contract worth $31 million with the Yankees to avoid salary arbitration ahead of the 2024 season. Joel Sherman of the New York Post was the first to break the news about Soto’s new deal, and his $31 million annual salary is quite groundbreaking. It sets a new record for the largest one-year deal for an MLB player eligible for arbitration, beating Shohei Ohtani's $30 million deal from last year. Soto joined the Yankees in early December after the San Diego Padres traded him alongside Trent Grisham in exchange for Michael King, Drew Thorpe, Jhony Brito, Randy Vásquez, and Kyle Higashioka. He discussed his deal shortly after joining the Yankees but said he was not too concerned about it because his priority was to get to know his teammates and work towards achieving the same goal. “My contract stuff, they know where to call and who to talk to. I’m here just to play baseball. It’s not going to be that hard because I have one of the best agents in the league. I put everything on him and let him do his magic,” Soto told reporters at the time.