The New York Yankees have acquired Alfonso Soriano through a trade with the Chicago Cubs. Multiple reports surfaced today saying that the long rumored trade has finally came to fruition.
According to the USA Today, Soriano is expected to join his new teammates in New York on Friday when they take on the Tampa Bay Rays. Soriano caught a red eye flight from Phoenix to New York Thursday night before the deal was announced.
In terms of his contract, ESPN’s Buster Olney reports that the Cubs will pick up $17.7 million of his $24.5 million contract. The remaining portion will be covered by the Yankees for acquiring his services the remainder of the season in the trade.
An interesting part of the deal is that next season the Cubs will still be on the hook for $13 million of the $18 million due to Alfonso Soriano next season, giving the Yankees a $5 million bargain for 2014.
Although at age 37 Alfonso Soriano probably is not a long term solution for the Yankees, he does make sense for the short term. Providing an instant slugging boost to a struggling offense, New York will look for the former Cub to push them into the playoffs from their current standing. Presently they are in fourth place in the American League Eastern Division.
For his career Alfonso Soriano has 389 home runs. Struggling a bit this season, he hit just .254 with 17 home runs and 51 RBIs for the perennially struggling Cubs.
The Yankees have been banged up this year, creating a hole in the lineup they hope Soriano can fill now that he has been traded by the Cubs. Presently, the Bronx Bombers are without the services of shortstop Derek Jeter, third baseman Alex Rodriguez, outfielder Curtis Granderson, third baseman Kevin Youkilis, and first baseman Mark Teixeira.
This will be Soriano’s second stint with the Yankees, his first ended in 2004 when New York traded the free swinging outfielder to the Texas Rangers.
Chicago has been the most active seller as the trade deadline approaches, already trading away three pitchers, Scott Feldman, Matt Garza and Carlos Marmol.
Conflicting reports as to what the Cubs received from the Yankees in exchange for Soriano. The consensus is the team went for pitching prospects, however no one is yet sure who. Multiple reports have said the Cubs were given a choice of second-tier pitching prospects to choose from, the Chicago Tribune suggests the team has two pitchers to choose from, Correy Black, a big armed AAA starter or AA closer Tony Kahnle. Meanwhile Sporting News suggests a lower-tier prospect from Class A.
What we do know is that Soriano is a Yankee after New York and Chicago struck a deal on Friday. New York hopes the 37 year old can find his power swing and boost a struggling offense that has been battered by injuries and help lift the Yankees into the postseason.
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Senior Sports Editor
The Guardian Express