It looks like the Juan Soto saga is nearing its conclusion. On Saturday, new updates surfaced, shedding light on the frontrunners in this historic bidding war.

As per Jon Heyman of the New York Post, the Yankees are now considered the favorites to land Soto as the Winter Meetings kick off. Heyman also reported that while the Mets are likely to make the highest bid, the Yankees have an edge due to their year-long relationship with Soto.

How much does it cost?

According to Heyman’s words, both New York sides have recently increased their offers, pushing past Shohei Ohtani’s record-breaking $700 million contract.

Be that as it may, the Yankees, Mets, Red Sox, Blue Jays, and Dodgers are all still in contention, but the focus remains squarely on the two New York powerhouses.

As of Saturday night, both the Yankees and Mets had bids in the range of $710 to $730 million. While the Mets may currently hold a slight edge in terms of the highest bid, the Yankees have other factors working in their favor. Their ability to offer Juan Soto the opportunity to play alongside Aaron Judge — the reigning American League OPS leader — is a significant advantage. Judge’s dominance at the plate has not only drawn attention but also altered how opponents approach lineups, giving the Yankees a unique edge in the bidding war. Some modern analysts question the impact of lineup protection, but Judge’s league-leading 133 walks last season serve as evidence of his magnetic presence.

The Mets, however, are not to be underestimated. Team owner Steve Cohen and president David Stearns have impressed Juan Soto during meetings, and their dramatic NLCS run last season under Stearns’ leadership showcased their ability to compete at the highest level. Cohen’s willingness to spend big in pursuit of a championship has also made the Mets an attractive option.

Meanwhile, the Red Sox and Blue Jays remain serious contenders, with competitive bids that could still disrupt the Yankees-Mets showdown. The Dodgers, while reportedly the lowest bidders among the five teams, have shocked observers by entering the race with an offer exceeding $600 million. Although they remain the least likely destination, their inclusion adds intrigue to what has already become one of the most talked-about free-agent sagas in baseball history.

Juan Soto, who spent the last year in the Bronx, is said to have grown increasingly comfortable with the Yankees organization. He reportedly developed a strong connection with Judge, who publicly stated that he hopes Soto secures the best possible deal, even if it surpasses his own $360 million contract. If Soto signs for $720 million, it would precisely double Judge’s record-setting deal from two years ago.

As Soto weighs his options, it’s clear that the decision won’t simply come down to the highest bidder. The 26-year-old superstar is considering factors such as team culture, competitiveness, and long-term fit. With offers already surpassing $700 million, Soto’s contract is expected to reset the market and cement his place as one of the most valuable players in MLB history.

All eyes are now on Soto as the Winter Meetings progress. A resolution could come within days, bringing an end to one of the most intense bidding wars in recent memory.