Vladimir Guerrero Jr., Blue Jays Reportedly Making Progress on Possible $500M Contract

The Toronto Blue Jays are reportedly getting closer to signing their superstar long term.

Per The New York Post's Jon Heyman, the Blue Jays and Vladimir Guerrero Jr. are "making progress" on a potential 14-year deal worth $500 million. Heyman added that there is "optimism" that the two sides can finish the deal.

MLB insider Mike Rodriguez reported Friday that Guerrero and the Blue Jays were "very close" to working out an extension. When asked about potentially signing a $500 million deal, Guerrero brushed off the rumor.

"Well, until now, I don't know anything," Guerrero said Friday in Spanish (translated by ESPN's Jorge Castillo). "I've always tried to talk to my agent and I've always left that to my agent.

"I focus on playing. Until now, I don't know what you're talking about."

Heading into the offseason, Guerrero set a deadline of Feb. 18 for extension negotiations. Despite that deadline passing and the season beginning, ESPN's Buster Olney reported in late March that the Blue Jays had made another offer for Guerrero, but a gap still remained between the two sides.

After Heyman's report on Sunday, it appears the two sides have managed to shrink that gap. A report from USA Today's Bob Nightengale also indicated that an extension could happen soon, "perhaps this week."

A 14-year, $500 million contract is a big commitment to make but could be a worthwhile investment for a player of Guerrero's caliber. He's coming off a season in which he hit 30 home runs, 103 RBI and recorded a career-best .323 batting average. Allowing him to hit free agency without an extension could be a costly mistake for Toronto.

Guerrero has had a bit of a slow start to the 2025 campaign with no homers, four RBI and a .256 batting average, but it's only a matter of time before he finds his swing.