Yankees explore salary cuts as they consider re-signing Juan Soto

The New York Yankees are considering re-signing outfielder Juan Soto, potentially leading to salary cuts elsewhere on the team. Soto's contract could exceed $600 million, prompting the Yankees to explore ways to manage their payroll. Owner Hal Steinbrenner has emphasized the need for payroll restraint, as the Yankees' competitive balance tax payroll was $312.9 million last season. This is the third highest in Major League Baseball. To create salary space, the Yankees may trade or move players like Marcus Stroman, Nestor Cortes, and Trent Grisham. Each player has a significant contract, and their departures could help offset Soto's potential salary.