The San Diego Padres and Juan Soto agreed to a $23 million salary for the 2023 season, according to ESPN's Jeff Passan.
The deal allows for the parties to avoid what can be the contentious arbitration process.
Soto is arbitration-eligible for one more season before his highly anticipated free agency in 2025.
This article will be updated soon to provide more information and analysis.
For more from Bleacher Report on this topic and from around the sports world, check out our B/R app, homepage and social feeds—including Twitter, Instagram, Facebook and TikTok.