The New York Yankees reportedly have made a big offer to 2022 American League MVP Aaron Judge with the hope of getting him to re-sign.
Per ESPN's Jeff Passan, the Yankees "have an offer on the table" in the range of eight years and $300 million.
Passan did note the team "could increase" the offer if another suitor makes a serious play.
The San Francisco Giants have been viewed as Judge's most likely destination if he leaves New York. It's unclear at this point if the Giants have made a formal offer, but they did host the four-time All-Star on a visit last week.
According to Passan, Judge will likely make his decision during the winter meetings that begin on Sunday in San Diego.
If the deal Judge signs is for $300 million over eight years, it will be the richest average annual deal for a position player in Major League Baseball history. Mike Trout currently holds the title with a $35.5 million average salary from the Los Angeles Angels.
Max Scherzer ($43.3 million) and Gerrit Cole ($36 million) are the top two players in MLB by average annual salary.
The newly reported offer from the Yankees is a significant increase over what they proposed to Judge before the start of the 2022 season.
General manager Brian Cashman told reporters on April 8 that Judge turned down an offer of $17 million for 2022 plus $213.5 million over seven years. The average value of the deal over eight years would have been $28.8 million.
Judge significantly increased his value with a historic performance last season. He set a new American League record with 62 homers and became the first player since Barry Bonds in 2004 with at least 11 wins above replacement, per FanGraphs.
The Yankees went 99-63 during the regular season and won the American League East for the first time since 2019. They defeated the Cleveland Guardians in the ALDS, but were swept out of the playoffs by the Houston Astros in the ALCS.