'' If this was of the utmost importance, and the future of the franchise hung in the balance with Soto’s decision, how did the Yankees let themselves get outbid? Well, because they seemingly didn’t have a say in the matter — Steve Cohen just wouldn’t stop. The Mets owner made big waves as soon as he took over the franchise, washing out the stains of the Wilpon Era almost immediately with a spending spree that brought in superstars and ushered in a 100+ win season. While things didn’t quite gel the way they hoped and they had to retool briefly before launching themselves back into contention this year, Cohen made good on all of the owners’ fears before they voted to accept his bid for the Mets: He’s incredibly rich, passionate about investing that money into the team, and if he wants a guy bad enough, he’ll do whatever it takes to win him over. The Yankees are MLB’s most valuable franchise, but no other owner has nearly as much cash on hand as Cohen, one of the 100 richest people in the world point blank. ''
'' To wit, this wasn’t a mere $5 million difference in offers, as originally reported. Cohen’s final push featured a $75 million signing bonus, so Soto will average
$61 million in AAV over the first five years of the deal, far more than the Yankees’ $47.5 million AAV submission. He’s getting more present-day money due in part to Cohen’s readily-available wealth, and with one simple contract decision in 2029, this actually becomes an even more staggering $805 million deal for Soto. ''