Posted October 31, 2012 on AP on Fox
Reliever Rafael Soriano opted out of the final year of a three-year, $35 million contract with the New York Yankees on Wednesday and will likely seek a long-term deal in free agency. The move was expected after the right-hander had 42 saves and a 2.26 ERA while filling in for closer Mariano Rivera this season after baseball's saves leader tore a knee ligament in early May. ''I'm not surprised because (agent) Scott Boras told me he was confident he could get him 15 times four (years), $60 million. If that's the case, it would be a good deal for Soriano,'' Yankees president Randy Levine told The Associated Press. ''I hope that's what's real in the marketplace.'' Soriano was set to make $14 million next season. Instead, New York will pay him a $1.5 million buyout. The Yankees can make him a qualifying offer of $13.3 million before Friday's deadline, and if Soriano signs with another team, they will get draft compensation. Soriano, who will be 33 in December, signed his hefty contract with New York before the 2011 season after notching a career-high 45 saves with Tampa Bay. Yankees owner Hal Steinbrenner overruled general manager Brian Cashman in making the deal. Cashman was opposed to giving closer money to a setup man. The one-time All-Star had an injury-plagued first season with New York and he ended up getting the bulk of his work in the seventh inning, falling behind youngster David Robertson in the bullpen. But when Rivera went down, and Robertson struggled as the replacement stopper before going on the disabled list, Soriano slipped comfortably into the role. Soriano's possible departure further complicates the Yankees' bullpen for 2013. Rivera, who will turn 43 in November, vowed right after his injury to return next year, but recently said he isn't sure whether he will play again. In other Yankees news, infielder Casey McGehee opted for free agency rather than accepting a minor league assignment. McGehee hit .151 (8-for-53) in 22 games with the Yankees after being acquired from the Pittsburgh Pirates on July 31. Rule 5 Draft pick Brad Meyers, a right-handed pitcher, was returned to the Washington Nationals. Meyers missed the entire season because of a labrum strain.
THE BACKYARD
BEST OF MAXIM
RELATED ARTICLES

Yankees Hot Stove: Sign Soriano pronto

Word on the street, courtesy of a recent Sportscenter segment by ESPN’s Buster Olney, is that the Detroit Tigers will be in hot pursuit of New York Yankees closer Rafael Soriano this off-season. 32-year old Soriano can opt out of his current 3-year, $35 million contract with the Yankees and here are three reasons why he is likely to do just that. First off because his agent is...

Soriano opts out of last year of deal with Yankees

Reliever Rafael Soriano has opted out of the final year of his contract with the New York Yankees and will likely seek a long-term deal in free agency. Soriano was set to make $14 million next season. Instead, the Yankees will pay him a $1.5 million buyout. New York can make him a qualifying offer of $13.3 million. If Soriano signs with another team, the Yankees will get draft compensation...

MLB Rumors: Unlikely That Rafael Soriano Will Return To New York Yankees After Opting Out

It comes as absolutely no surprise to learn that Rafael Soriano has opted out of the final year of his contract with the New York Yankees. The fill in closer who performed admirably stepping in for Mariano Rivera had an option to opt out of the final year of his 3 year/$35 million contract he signed a couple of years ago. While it once was believed that New York would end up re-signing...

Rafael Soriano will opt out of his contract

Yankees closer Rafael Soriano will be joining a free agent class that is light on closers, reports Jon Heyman of CBS Sports. Soriano will opt out of the final year of his contract with the Yankees, which was scheduled to pay him $13 million in 2013. He'll get a buyout of $1.5 million. The same type of opt-out happened after last season by CC Sabathia. Sabathia ended up re...

Soriano opts out of contract with Yankees

The New York Yankees might be in need of a closer after right-hander Rafael Soriano opted out of the final season of his three-year contract Wednesday. The Yankees are still awaiting word from career saves leader Mariana Rivera, who suffered a season-ending knee injury, on whether he will retire. Soriano's decision wasn't a surprise. He was expected to test the market...

Rafael Soriano opts out of contract, done with the Yankees?

Rafael Soriano had a tremendous season for the Yankees, piling up 42 saves with a 2.26 ERA after the great Mariano Rivera went down with a season ending injury. That injury may have earned Soriano a HUGE contract with another team. According to Rafael’s agent, Scott Boras, he can get a deal for 15 million a year for four years. Not even the greatest closer of all-time, Rivera ever...

Rafael Soriano Doesn't Like Easy Money

Why you hatin'?According to this John Heyman report (Does anyone else find it odd that Heyman always breaks news about Boras clients?), Rafael Soriano is expected to decline his $14 million player option for 2013. Which makes no sense to this humble blogger writing this from the basement of his parents house (at least that's what newspaper writers would like for you to...

Yanks make offers to three players

The Yankees have made qualifying offers of $13.3 million to pitchers Hiroki Kuroda and Rafael Soriano, and to right fielder Nick Swisher. If any of the three sign a major league contract with another team, New York would receive draft-pick compensation in next year's amateur draft. Under baseball's new labor contract, the qualifying offers replace the team agreeing to go...

Dugout Digest - winds of change

We had a moderately busy day yesterday as the winds of change in the offseason continued to swirl. Yesterday seemed to be National Option Day, with numerous options exercised, declined, and opted out of. Most of the decisions on options were pretty easy to predict coming into the offseason, but that doesn't make them any less interesting. The closer market this offseason...

MLB Contracts Options Update: R.A. Dickey, Rafael Soriano, Luis Ayala, Travis Hafner, More

Oct 31, 3:15pm ET: With the Hot Stove already in full swing, clubs and players are engaged in exercising contract options. Here’s an update The New York Mets have exercised their club option on R.A. Dickey for 2013 at $5 million. The club continues to work on potential multi-year extensions for both Dickey and David Wright. The Baltimore Orioles have exercised their club option...
MLB News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.