The New York Yankees fell short in their attempt to keep star slugger Juan Soto, who has signed a record-breaking 15-year, $765 million contract with the New York Mets.

Despite the Yankees' offer of 16 years and $760 million, Soto's deal includes no deferments and potential escalators that could push its value above $800 million.

After a strong season in which Soto hit 41 home runs, the Yankees now face a significant gap in their lineup as they prepare for the upcoming season.