As teams continue to vie for New York Yankees star Juan Soto, Mets owner Steve Cohen is raising the stakes, willing to offer $50 million more than what other teams are proposing, according to YES Network's Michael Kay.

Kay also believes the Yankees will not approach the $660 million, 15-year deal that Carlos Baerga mentioned was on the table.

Soto has previously mentioned he wants to choose a team that demonstrates "how much they want me," according to Jon Heyman of The New York Post.

The Mets recently met with Soto, and Heyman noted the meeting "went extremely well," with the team making a "big production" and being "very detailed" in their approach.

One general manager previously mentioned Soto will target a record-setting 15-year contract, likely surpassing Aaron Judge's $40 million annual salary, the highest for a position player and possibly exceeding the $43.3 million record held by Max Scherzer and Justin Verlander, per Heyman.

The 26-year-old capped off last season with his fourth consecutive All-Star appearance and Silver Slugger award, recording a .288/.419/.569 slash line and setting a career high with 41 home runs.