Soriano finds his mark, er, team

Put that next article about how Bud Selig and baseball’s ownership collective have finally figured out how to stymie Scott Boras on hold for now, because the uber-agent just pulled another rabbit out of his hat, and one that will have an impact on the Yankees. According to Jeff Passan, Rafael Soriano has agreed to a two year, $28 million contract with the Washington Nationals. The deal also includes a $14 million option for 2015 that will vest if Soriano finishes 120 games in the first two seasons, meaning that if Soriano is healthy and closing over those years, he’ll not only make more money than he would have by picking up his 2013 option with the Yankees, but this new contract will be even larger than the one the Yankees signed him to back two offseasons ago.

As far as the Yankees are concerned, Soriano signing with the Nationals means that the Yankees will pick up a supplemental first round pick as compensation. Added to the supplemental pick they earned when the Indians signed Nick Swisher, that gives the Yankees a total of three first round picks in the upcoming draft.

Born in Southwestern Ohio and currently residing on the Chesapeake Bay, Brien is a former editor-in-chief of IIATMS who now spends most of his time sitting on his deck watching his tomatoes ripen and consuming far more MLB Network programming than is safe for one's health or sanity.

21 thoughts on “Soriano finds his mark, er, team

  1. Vengeance74

    Is Drew Storen hurt again?I don't get it

  2. jay_robertson

    Too bad someone like the Marlins or Mariners didn't sign him; would have been nice to get a pick higher than 29th.

    Then again, at least now we don't have to worry about Randy swooping in for a ninja signing.

    • bluesnats

      Yankees don't get Nationals pick. They get a supplemental round pick. New CBA has different rules

    • uyf1950

      My friend the compensation picks don't kick in until after all the 1st round picks. So it really didn't matter who signed him, The only thing effected would have been if a team with a protected draft pick signed him. Then that team would only have lost their 2nd round pick not their 1st round pick as the Nationals will. The Yankees do NOT slide into the Nationals slot just because they signed him.

      • Aaron

        but a team infront of the yankees losing their pick means that more would be available to the yankees when its time for them to pick. their pick is gone, meaning that everyone behind them moves up one draft slot. sadly, this is not the yankees, but still psyched about the extra draft pick.

  3. uyf1950

    Sweet 3 picks in roughly the top 35 picks in this Junes draft.

  4. Mike

    I hope that there's a deep upper tier of talent in the draft so the Yanx can put these picks to good use. And jeez it looked like Sori was gonna be lucky to get 2 years, $20 mil for a little while there.

  5. Hugh

    Impressive sleight of hand by Boras again there. Glad to see Soriano go at that price – is he really worth that much to the Nats?

  6. uyf1950

    Here is the list of the compensation picks after the 1st round and their order:
    Cardinals – Compensation pick when and if a team signs Lohse, Lohse remains unsigned
    Rays – Compensation pick for the Braves signing Upton
    Rangers – Compensation pick for the Angels signing Hamilton
    Braves – Compensation pick when and if a team signs Bourn, Bourn remains unsigned
    Yankees – Compensation pick for Cleveland signing Swisher
    Yankees – Compensation pick now for the Nationals signing Soriano
    Yankees – This no longer applies since the Yankees re-signed Kuroda their own player
    Nationals – This no longer applies since they signed their own player (LaRoche)

    • friend

      The discussion about the compensation picks is interesting, but the impact on the signing pool seems just as important, and maybe more so. I have not seen mentioned anywhere whether the Yankees (or any other team) will be allocated additional signing pool funds to cover these gained compensation picks. If there is no adjustment forthcoming, or if it is insufficient, signability becomes a major issue, potentially negating any real benefit.

      • uyf1950

        I believe all draft slots are allocated money by MLB. Keep in mind those 2 compensation picks for the Yankees this June are NOT extra picks overall. they effectively just take the place (numerically) for the picks the Nationals and Indians lost. So yes the Yankees will be getting money to sign those players they sign in that draft. Also by the Yankees moving up from the 29th pick to the 27th pick they now get the money allocated for the 27th pick not the 29th pick.

  7. BrienJackson

    Well, I guess they think so. Seriously though…I dunno. They aren't going to be hurt by making their bullpen better, and they're certainly getting surplus value from Strasburg/Harper/Span, so I guess there's no reason not to put that back into payroll instead of putting it into ownership's pocket*.

    *That sound you hear is Hal Steinbrenner dying just a little inside.

    • uyf1950

      Actually that sound you hear is probably Hal and Brian thanking God someone signed him so they could get the draft pick which is what they really wanted.

    • ProfRobert

      The difference is that Ted Lerner is 87, and Hal is half that. What's Lerner going to do? Take it with him? If he's going to win, he's got to do it soon, cost be damned (and ninth-inning, seventh-game NLCS bullpen meltdowns are not conducive to longevity).

  8. Robert

    Question: I understand that the Yankees don't get the Nationals' pick, but do the Nationals lose their first round choice? I get that the compensation picks occur after the first round, but is the first round still only 30 slots, and the Yankees receive two of the last 30, or are there 30 picks, and the Yankees then get a couple before the next round starts?

    • mcmastro

      i believe that they lose their first round choice (and the allotted money they get for that first round pick),

    • uyf1950

      Robert here is how it works. If you will refer to my earlier comment. The Yankees before any of this started were scheduled to pick 29th over all. The only teams scheduled to pick after them in the first round were the Reds at 30 and the Nationals at 31.
      So for example the Angels lost their 1st round pick when they signed Hamilton. So the Yankees move up 1 spot in the 1st round to #28.
      The Braves lost their 1st round pick because the signed Upton so the Yankees moved up another spot to #27 in the first round.

      Now the Rangers and Rays both pick before the Yankees in the supplemental/compensatory round because they had a worse record then the Yankees during the regular season. Hope that explains it.

      • Robert

        That's what I thought. Thanks for the clarification.

    • Derpy

      They lose their first round pick, but remember that the Pirates get two picks so there are still 30 slots in the first round.

      • uyf1950

        Derpy, technically there are only 28 first round picks as of today. The Angels, Braves and Nationals have lost their 1st round picks when they signed, Hamilton, Upton and Soriano respectively. After the Reds pick 28th then the compensation/sandwich picks start. Those picks are classified by MLB as between the 1st and 2nd rounds.
        There still can be a little movement in when the Yankees picks depending on when/IF and who Lohse and Bourn sign with at some point.

  9. uyf1950

    Interesting contract. Here are the specifics according to MLBTR:

    The Nationals agreed to sign free agent closer Rafael Soriano to a two-year, $28MM contract, Yahoo’s Jeff Passan reports (Twitter links). Soriano will receive $7MM in 2013, $7MM in 2014 and the remaining $14MM in deferred payments starting in 2018, reports Jim Bowden of ESPN.com (via Twitter). The deal includes a 2015 option valued at $14MM that will vest if Soriano finishes 120 games over the course of the next two seasons. Agent Scott Boras represents Soriano.
    ———————————————

    In order for the 3rd year option to vest Soriano has to FINISH 120 games over the course of the 2013 and 2014. Soriano has NEVER finished 60 games a season over 2 consecutive seasons. The closest he’s come is: 56 in 2010, 8 in 2011 and 54 in 2012. I suppose it’s doable but the odds seem to be against him. I also like the yearly pay and the deferred payments for the 2 guaranteed years. Looks to me like Boras realized his options for Soriano were really limited.

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