Yanks sign Soriano
January 14, 2011, 7:30 am by Chris H. · 329 Comments
Via MLBTR:
The Yankees have agreed to terms with Rafael Soriano, reports SI.com’s Jon Heyman (all Twitter links). The deal is believed to be worth $35MM over three years, and will allow the player to opt out after either of the first two years. Tyler Kepner of The New York Timestweets that the Scott Boras client will make $11.5MM if he opts out after year one and $21.5MM if he opts out after year two. The contract is pending a physical and does not include a no-trade clause according to ESPN’s Buster Olney (on Twitter).
The deal comes just days after GM Brian Cashman said that he would not surrender his first round pick to sign a free agent. The Rays will receive New York’s first round pick (31st overall) as well as a supplemental first round pick as compensation for their loss.
Surprising move, but if you can’t fortify your rotation, you might as well try improving your bullpen.
