For sure.
Even if we assume he gets 40m, same as judge, that's 2 40 million dudes, a 36m Cole, a 32m Stanton and a 27m Rodon right behind. 175m per season for just 5 players with none of them being FAs until 2029 when Rodon, Cole and Stanton are up. That's kinda nutty to think about, but yeah, could very well happen.
I dont think Soto will only end up with 40 though, i'm betting it goes higher.