Giants Withdraw from Juan Soto Race Amid Financial Strain

San Francisco's budget constraints force them out of the competition for the coveted free agent, while other teams vie for his signature.

• The San Francisco Giants have withdrawn from pursuing Juan Soto due to financial limitations and budget cuts under new president Buster Posey.
• The Giants faced operational losses and exceeded the luxury tax limit last season, leading to a reduced spending capacity this year.
• Despite increased attendance, the Giants' revenue was impacted by discounted ticket sales and ongoing costs from their NBC Sports Bay Area contract.
• The Toronto Blue Jays are now seen as strong contenders for Soto, with a rumored $630 million offer over 14 years, as they aim to strengthen their roster.
• Speculation surrounds the New York Mets and Yankees, with potential player swaps involving Pete Alonso if the Mets sign Soto, highlighting a competitive free-agent market.

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