Juan Soto and the New York Yankees avoided arbitration with a record-setting, $31 million salary for the 2024 season, topping the list of dozens of arbitration-eligible players who agreed on their compensation ahead of Thursday's 8 p.m. ET cutoff.

Soto's salary, reached minutes before the deadline for players and teams to submit their desired figures ahead of a potential arbitration hearing, topped the $30 million Shohei Ohtani obtained last offseason. Soto, like Ohtani last year, is heading into his final season before free agency.