Washington Nationals star Juan Soto has received a new 13-year, $425 million extension from the club, Deportivo reported on Thursday.
The Dominican Republic organization reported that talks have intensified now that the club increased its initial offer by $75 million.
Soto said in February that he turned down a 13-year, $350 million extension during the offseason. At that time, he said he was waiting to sign a deal after the 2024 season, when he becomes a free agent.
A $425 million deal would slot Soto behind Mike Trout ($426.5 million) of the Los Angeles Angels and ahead of Mookie Betts ($365 million) of the Los Angeles Dodgers.
Soto, 23, is making $17.1 million this season. He is batting .224 and has 14 homers and 32 RBIs in 76 games.
Soto was National League MVP runner-up last season when he had a .313 batting average and a league-best .465 on-base percentage. He had 29 homers and 95 RBIs in 151 games.
--Field Level Media