Major League Baseball

Juan Soto, Yankees agree to record $31M arbitration deal; Pete Alonso gets $20.5M

Published Jan. 11, 2024 9:57 p.m. ET

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The deadline for MLB teams to settle with players on their 2024 salaries under their rookie contracts before heading to arbitration was Thursday, and it brought the most expensive pre-arbitration deal in MLB history — a $31 million agreement between the New York Yankees and new slugger Juan Soto for the 2024 season, per multiple reports.

The deal breaks the record $30 million that Shohei Ohtani got from the Los Angeles Angels in 2023.

Some big names did not agree with teams on deals and will head to arbitration. Those include Toronto Blue Jays slugger Vladimir Guerrero Jr., 2023 American League Championship Series MVP Adolis Garcia of the Texas Rangers, Luis Arraez of the Miami Marlins and Alec Bohm of the Philadelphia Phillies.

Here are some other notable pre-arbitration deals that were reportedly agreed to Thursday:

• Pete Alonso, New York Mets: $20.5 million
• Corbin Burnes, Milwaukee Brewers: $15.37 million
• Max Fried, Atlanta Braves: $15 million
• Gleyber Torres, Yankees: 14.2 million
• Shane Bieber, Cleveland Indians: $13.125 million
• Willy Adames, Brewers :$12.25 million
• Framber Valdez, Houston Astros: $12.1 million
• Kyle Tucker, Astros :$12 million
• Anthony Santander, Baltimore Orioles: $11.7M
• Christian Walker, Arizona Diamondbacks: $10.9 million
• Zac Gallen, Diamondbacks: $10.01 million
• Alex Verdugo, Yankees: $8.7 million
• Will Smith, Los Angeles Dodgers: $8.55 million

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Major League Baseball

New York Yankees

Juan Soto

New York Mets

Pete Alonso

Corbin Burnes

Milwaukee Brewers

Max Fried

Atlanta Braves

Gleyber Torres

Shane Bieber

Cleveland Guardians

Willy Adames

Framber Valdez

Houston Astros

Anthony Santander

Baltimore Orioles

Christian Walker

Arizona Diamondbacks

Zac Gallen

Alex Verdugo

Will Smith

Los Angeles Dodgers

Vladimir Guerrero

Toronto Blue Jays

Adolis García

Texas Rangers

Luis Arraez

Miami Marlins

Alec Bohm

Philadelphia Phillies