Juan Soto rejects $440 million offer from the Nats; trade offers now being considered [View all]
Listen, I can relate. I remember my boss coming to me a couple of years ago and saying, "I know I'm in a tough negotiation with an employee named True Dough, but will you accept a 52% pay increase for an average of $12 million more per year over 15 years?"
I replied, "I know my worth. Thanks anyway, but there are better offers out there, I'm sure."
And that's how the free market works!!!
Washington Nationals wunderkind Juan Soto recently turned down a contract extension offer that would have made him the highest-paid player in baseball history, according to Ken Rosenthal. Soto rejected a monster 15-year extension worth $440 million, and the Nationals reportedly now plan to entertain trade offers for last year's NL MVP runner-up.
Here are the detail's on Soto's rejected extension, via The Athletic:
Soto, 23, rejected a 15-year, $440 million offer, sources said. The proposal, the Nationals' third in recent months, did not include any deferred money, a departure from the team's usual practice. The two biggest guarantees in club history, $245 million for right-hander Stephen Strasburg and $210 million for righty Max Scherzer, included significant deferrals, lowering the present-day values of the deals.
The Nationals' offer exceeded in total dollars the 12-year, $426.5 million contract Mike Trout signed with the Angels in March 2019. Soto would have received an average salary of $29.33 million, the 20th-highest in baseball history, with the deal extending from his Ages 24 to 38 seasons, effectively making him a National for the rest of his career.
https://www.cbssports.com/mlb/news/juan-soto-rejects-nationals-15-year-440-million-extension-team-plans-to-entertain-trade-offers-per-report/