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.

About Brien Jackson

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. 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.

  2. 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.

  3. 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?

  4. 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)

  5. 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.

  6. 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?

  7. 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.