All eyes are on Juan Soto this MLB offseason, and the free agent slugger could be making a team in just a few days.

Mega-agent Scott Boras signaled his client’s free agency is entering its final stages in a call with reporters Tuesday, saying Soto has begun cutting teams out of the process. From ESPN:

While Boras worded his update as not expecting anything in the near future, ESPN reports that a decision could come by the end of the week. That would be just before the start of the MLB winter meetings in Dallas.

As for what Soto could make in terms of money, The Athletic reports that he has offers of at least $600 million from all remaining contenders. The teams currently known to be facing him remain the Boston Red Sox, Los Angeles Dodgers, New York Mets, New York Yankees and Toronto Blue Jays. The Athletic also reports that there are expectations that Soto will make his decision by the end of the winter meetings.

So $600 million is the lower limit for Soto. The bigger question mark is of course the upper limit.

Will Juan Soto surpass Shohei Ohtani’s $700 million?

Shohei Ohtani’s 10-year, $700 million contract remains the largest known contract in sports history.

Soto isn’t expected to come close to Ohtani’s average annual value of $70 million, but as far as the total amount goes, it seems possible. His deal will almost certainly be more valuable than Ohtani’s when adjusted for inflation; MLB estimates Ohtani’s deal will be worth about $460 million for luxury tax purposes.

But people are mostly concerned with the large numbers. The fact that Soto already has multiple $600 million offers is a good sign that a $700 million deal is coming – or has already come about – but a $100 million difference is still a long way off .

There are numerous moving parts that will determine where Soto ends up with Ohtani. He has the advantage of entering free agency more than three years younger than Ohtani, but there’s no sign he’s willing to shorten the number through postponements. There’s also the possibility of opt-outs that would make teams hesitant to open the checkbook if they only get him for three or four years.

Most importantly, Soto doesn’t have the built-in economic advantages of Ohtani, who rakes in millions in Japanese endorsement money just by walking around the field in a Dodger uniform. Soto is a great player, but Ohtani is the national hero of the country with the third largest economy in the world.

We still don’t know if Soto will break the $700 million mark, but at least being the subject of a bidding war between all of MLB’s financial bigwigs is a very good starting point.