According to Jon Heyman and Joel Sherman of the New York Post, the Blue Jays' last offer to Guerrero before his deadline was around $500 million, but with deferred money included. That lowered the present-day value of the deal to between $400-$450 million.

Though he's been the face of the franchise since his debut in 2019, the 25-year-old slugger is in the final year of his Blue Jays contract.

"We're talking about many fewer millions than ( New York Mets right fielder) Juan Soto, more than a hundred million less," Guerrero said. "It was the same number of years, but it didn't reach $600 (million). The last number we gave them as a counteroffer didn't reach $600 [million]."