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Yankees Acquire Alfonso Soriano

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Alfonso Soriano is heading back to the same team with which he began his Major League career. After stops in Texas and Washington and an extended stay in Chicago, Soriano has come full circle by officially waiving his no-trade rights to approve a trade to the Yankees. Soriano The Cubs will receive minor league right-hander Corey Black in the trade, which was approved by Major League Baseball this morning and later officially announced by the Yankees.

Soriano is in the seventh season of an eight-year, $136MM contract that he signed with the Cubs in November 2006. He has roughly $6.5MM remaining on this season's $18MM salary and will earn $18MM once again in 2014. The Yankees will pay just $6.8MM of the remaining money on that contract — $1.8MM in 2013 and $5MM in 2014.

Black, 21, ranked as the Yankees' No. 25 prospect prior to the season, according to Baseball America. BA wrote that Black's fastball has touched 100 mph and sits comfortably at 95 mph. His plus athleticism allows him to repeat his release point, according to BA, and he also features an average changeup and improved slider to go along with a fringe curveball. The Yankees were developing him as a starter, though Joel Sherman of the New York Post tweeted earlier today that the Cubs view Black as a power reliever in the future. In 82 2/3 innings at High-A Tampa this season, the 2012 fourth-round pick has a 4.25 ERA with 9.6 K/9 and 4.9 BB/9.

Reports that a trade was on the horizon first surfaced yesterday after Soriano was pulled from the Cubs' lineup. Manager Dale Sveum confirmed to reporters shortly after that a trade sending the longtime Cub to New York was "99 percent" complete.

The Yankees have been in the market for upgrades to their offense for quite some time, and while Soriano's OBP leaves something to be desired, he certainly still has power. Perhaps more important is the fact that he is of particular benefit against left-handed pitching. Soriano is hitting lefties at a .273/.310/.496 clip thus far in 2013, which will be a significant boost to a Yankees club that has batted just .234/.306/.338 against opposing southpaws.

The Cubs have been far and away the most active seller in baseball at this point, having traded Scott Feldman, Scott Hairston and Matt Garza prior to this deal. They're expected to continue their aggressive sale through the trade deadline next Wednesday.

Paul Sullivan of the Chicago Tribune was the first to report (via Twitter) that Soriano had been pulled from the lineup and a trade was on the verge. USA Today's Bob Nightengale first reported that the deal was finished, pending MLB approval, and the Cubs would receive a Class-A pitcher. ESPN's Buster Olney broke the news regarding the exchange of cash (on Twitter), and Jim Bowden of ESPN and MLB Network Radio first reported that MLB had approved the deal (Twitter link). Joel Sherman of the New York Post was the first to report that Black was the prospect Chicago would receive for Soriano (via Twitter).

Photo courtesy of USA Today Sports Images.

Latest On The Rangers’ Search For Hitters

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Even after acquiring Matt Garza earlier this week, reports have indicated that the Rangers are looking for offensive upgrades. They've been linked to Alex Rios, Hunter Pence and Kendrys Morales already, and Jon Heyman of CBS Sports now reports that the team has had internal discussions about re-acquiring Michael Young, given the news that Lance Berkman could miss the remainder of the season or even retire.

Heyman cautions that a Young trade isn't a likely outcome, and the Rangers are still more focused on adding outfield bats as they await the fate of Biogenesis-connected outfielder Nelson Cruz. The Yankees, Red Sox and Reds are all said to be considering Young as well. Heyman reports that the Rangers have also expressed interest in Padres outfielder Chris Denorfia and Mets outfielder Marlon Byrd, though reports indicate that the Mets feel little inclination to part with Byrd.

Texas has Manny Ramirez at Triple-A Round Rock, but his bat has cooled since a hot start, and Jeff Passan of Yahoo Sports reported late last night that the team was unlikely to give Ramirez a shot anytime in the near future. Passan reported that the Rangers may not recall Ramirez at all, and one scout who watched Manny told Passan:

"This isn't Manny Ramirez. This is a 41-year-old still trying to play baseball and not doing it very well."

Ramirez is hitting .250/.318/.417 with three homers in 66 plate appearances since signing with the Rangers and reporting to Triple-A. He's struck out eight times and drawn six walks, but an evaluator told Passan that his bat "looked slow."

Yankees Close To Acquiring Alfonso Soriano

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11:55pm: Soriano is taking a red-eye flight to New York, tweets Sullivan, though no deal has been announced yet.

8:58pm: Major League Baseball still needs to process the paperwork and the exchange of cash in the deal, tweets Carrie Muskat of MLB.com. Jon Heyman of CBS Sports reports that the deal isn't likely to happen tonight, as it's still pending Bud Selig's approval. The Cubs, according to Heyman, will pay more than half of the remaining money on Soriano's contract (Twitter links).

8:05pm: USA Today's Bob Nightengale tweets that the two sides have agreed on which pitching prospect will be going to the Cubs, and a deal has nearly been finalized.

6:56pm: ESPN's Buster Olney reports that the Cubs are likely to receive a lower-tier pitching prospect for Soriano and that they will eat the majority of the money remaining on Soriano's contract. The two sides are waiting for the formal waiving of Soriano's no-trade clause (Twitter links).

6:33pm: Alfonso Soriano has been scratched from the Cubs' lineup tonight because he is close to being traded to the Yankees, Cubs manager Dale Sveum confirmed to Paul Sullivan of the Chicago Tribune (Twitter link). Sullivan adds that Sveum referred to the trade as "99 percent done."

Reports of a Soriano deal between the Yankees and Cubs first surfaced earlier this week, but general manager Jed Hoyer shot them down, calling them "premature." This time, however, Cubs president Theo Epstein has told Sveum that a deal is nearly complete, as noted by MLB.com's Carrie Muskat (on Twitter). Soriano, who can refuse any trade due to a full no-trade clause (he's also a 10-and-5 player at this point), confirmed yesterday that he would be open to joining the Yankees.

Soriano, 37, would be joining the team with which he broke into the Major Leagues back in 1999. The Dominican native played with the Bombers from 1999-2003 before being traded to the Rangers along with Joaquin Arias for Alex Rodriguez. In 383 plate appearances for the Cubs this season, Soriano is batting .254/.287/.467 with 17 home runs.

AL East Notes: Morrow, Red Sox, Rays, Yankees

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Blue Jays starter Brandon Morrow is likely out for the season due to an entrapped radial nerve in his right forearm, a source told Shi Davidi of Sportsnet.ca last night.  The issue is likely to be treated with extended rest rather than surgery, Davidi adds.  The Blue Jays have since announced that Morrow will be out for approximately six weeks.  Morrow, who turns 29 tomorrow, is under contract for $8MM next year and has a $10MM club option for 2015.  The Blue Jays are finished this year, as a seven-game losing streak has dropped them to 11 games out in the wild card.  Elsewhere in the AL East…

  • The Red Sox appear "just as likely to stand pat as they are to add another reliever," writes Scott Lauber of the Boston Herald.  He says the team has not stepped up its search despite losing Andrew Bailey for the season, though they continue to monitor the market.
  • "We explained to him that this is financial lunacy," agent Seth Levinson said in reference to Dustin Pedroia wanting to approach the Red Sox as early as 2011 about spending the rest of his career in Boston (WEEI's Alex Speier reporting).  "Money was never really a factor," explained Levinson, who also said Pedroia chose years over salary partly to avoid becoming a contract albatross.
  • Contract offers of more than five years are hard to come by, Rays third baseman Evan Longoria told Brian MacPherson of the Providence Journal, and he understands why Pedroia left "a few extra dollars lying on the table."  Longoria did so himself in a pair of contract extensions.
  • "There's no glaring place to be doing anything," Rays owner Stuart Sternberg told Marc Topkin of the Tampa Bay Times in regard to his club's needs.  Still, the team is always looking to upgrade for the present and future.
  • Along with the Yankees, the Red Sox are also still intrigued by Phillies third baseman Michael Young, a Major League source tells Andy Martino of the New York Daily News.  Having dropped four in a row, the Phillies are eight games out in the NL East and worse off in the wild card.
  • Cubs left fielder Alfonso Soriano "asked for a couple days to think about" a potential trade to the Yankees, president Theo Epstein told reporters including Paul Sullivan of the Chicago Tribune yesterday.  Adding Soriano would be a "good first step" for the Yankees, writes Mike Axisa of River Ave. Blues, but the team still has to address needs at third base and behind the plate.
  • Cuban outfielder Dariel Alvarez, who recently signed with the Orioles for $800K, "struggles against live pitching," according to scouts who spoke to Baseball America's Ben Badler.

Alfonso Soriano Open To Joining Yankees

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Here's the latest on Alfonso Soriano and the potential deal sending him to the Bronx..

  • Theo Epstein told reporters that Soriano has been given two or three days to sign off on a deal that would send him to the Yankees, tweets Gordon Wittenmyer of the Sun-Times.  "He'll let us know where he'll go, if anywhere. At that point, it's up to us if we want to move forward and finalize a deal," said Epstein, according to Carrie Muskat of MLB.com (via Twitter).
  • The veteran has agreed to a list of possible teams that he'll accept a trade to, tweets Bruce Levine of ESPNChicago.com.
  • Soriano told reporters, including Paul Sullivan of the Chicago Tribune (via Twitter), that he spoke with Cubs president Theo Epstein about the possibillity of being traded and while nothing is done yet, he sounds as though he's ready to move on and join the Yankees.  
  • Of all the trade rumors that have been surrounding him, Soriano says that this one is the most real to him, tweets Gordon Wittenmyer of Chicago Sun-Times.  
  • Soriano isn't sad about the idea of moving on, saying, "I'm 37. I want one more chance to go to the World Series," Sullivan tweets.  He wants to finish his contract with the Cubs, but he also wants to win and knows that this team is a few years away from contending, tweets Carrie Muskat of MLB.com.

AL East Notes: A-Rod, Guerrieri, Red Sox, Dickerson

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The Alex Rodriguez saga took another strange turn today when the third baseman's handpicked doctor told Mike Francesca of WFAN that the third baseman doesn't have a quad strain and should be able to play, writes Jon Heyman of CBSSports.com.  Later in the day, Yankees GM Brian Cashman responded in a press release, saying, "Contrary to the Basic Agreement, Mr. Rodriguez did not notify us at any time that he was seeking a second opinion from any doctor with regard to his quad strain.  As you know, it is the Yankees’ desire to have Alex return to the lineup as soon as possible. And we have done everything to try and accomplish this."  Here's more out of the AL East..

  • Rays pitching prospect Taylor Guerrieri underwent Tommy John surgery today, Marc Topkin of the Tampa Bay Times reports. Drafted 24th overall by the Rays in 2011, Guerrieri is ranked as the 64th prospect in baseball by Baseball America. ESPN.com's Keith Law ranks him 47th, while Jonathan Mayo of MLB.com has him at No. 44. In 67 innings this year for the Rays' Class A affiliate, the right-hander had compiled a 2.01 ERA with 6.9 K/9 and 1.6 BB/9.
  • Red Sox CEO Larry Lucchino says his team has an obligation to be active at the trade deadline, but that doesn't mean a deal is a certainty, Brian MacPherson of the Providence Journal tweets. While the Sox have been a popular name in trade speculation and have been connected with arms such as the White Sox's Jake Peavy and the Royals' Luke Hochevar, the executive cautions that the team isn't "just building for one year." "There's going to have to be a pretty good deal to extract some of these high-quality prospects we have," Lucchino said (link).
  • The Orioles are getting lots of interest in Chris Dickerson and we can expect to see him in the majors somewhere in the next few days, tweets Britt Ghiroli of MLB.com.  The O's designated the outfielder for assignment last week.

Aaron Steen contributed to this post.

The Latest On Alex Rodriguez

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The Biogenesis fallout began the other day with a season-ending suspension for Ryan Braun and the news that Alex Rodriguez would likely face a lengthier punishment than Braun's 65-game ban. Yesterday it was reported that A-Rod plans to appeal his impending suspension, which would likely delay it until the 2014 season. As Joel Sherman of the New York Post wrote on Monday, that scenario would benefit the Yankees in a financial sense; any money lost by Rodriguez to his suspension is money that the Yankees don't have to risk paying luxury taxes on. Here's the latest on Rodriguez…

  • ESPN's T.J. Quinn reports that Major League Baseball is considering a lifetime ban for Rodriguez, but likely just to use as a weapon in negotiations. While the evidence against Rodriguez is "far beyond" the evidence MLB had on Braun, experts told Quinn it would be very difficult for MLB to convince an arbitrator to rule in favor of a lifetime ban (Twitter links).
  • Ken Rosenthal of FOX Sports writes that Rodriguez will likely leverage multiple lawyers to try to fight his suspension. Rodriguez hired David Cornwell, the attorney who helped Braun win his 2011 appeal, back in June to join Jay Reisinger on his legal team. Reisinger, who has a strong relationship with the MLBPA, tells Rosenthal that he no longer represents Rodriguez. One person close to Rodriguez offered Rosenthal the following explanation: "When people don’t tell him what he wants to hear, he goes out and finds someone who will." Rosenthal adds that Cornwell isn't well-liked by the MLBPA for his "bombastic, swing-for-the-fences" tactics.

Stark’s Latest: Brewers, Ruggiano, Young, Storen

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ESPN's Jayson Stark quotes a number of executives who feel the trade deadline has lost its luster since many teams have locked up their top young players, teams are reluctant to acquire rental players who carry no draft pick compensation as free agents, and the second wild card has narrowed the market of outright sellers to just a few teams.  That said, Stark still has lots of hot stove items for us in his latest Rumblings & Grumblings column…

  • Ryan Braun's suspension could drastically change the Brewers' perspective on trading some veteran stars.  While Francisco Rodriguez was indeed traded just a day after Braun's suspension was announced, Stark hears that the Brewers are asking for a lot in deals.  "One of the problems with dealing with Milwaukee is that [their] trade for [Jean] Segura last year was so one-sided that they want another tilted deal. Not going to happen," an AL executive said.
  • The price for Kyle Lohse, for instance, involves the price of a first-round pick.  The Crew gave up as first-rounder as compensation for signing Lohse as a free agent in the spring.
  • Three scouts who have recently seen Yovani Gallardo say he's been pitching like a fourth or fifth starter.  Gallardo in his prime was "close to an ace. [But] lots of pitches on that arm from then to now. He can really pitch, but his stuff [has gone] way back," one scout said.  Gallardo has a 4.58 ERA and a career-worst 7.2 K/9 in 21 starts this season, plus he's lost two miles of velocity off his fastball.
  • We'd heard that the Yankees and Rangers had checked in on Marlins outfielder Justin Ruggiano, and Stark adds the Phillies and Giants to the list of a half-dozen interested teams.  The Marlins weren't too keen on dealing Ruggiano but he could be expendable now that Christian Yellich and Jake Marisnick have been called up.
  • The Phillies' next five games "will determine Michael Young's fate more than anyone else on their roster," said one executive who has talked to the club.  Young is seen as "pretty much a lock" to be dealt if the Phils struggle during their road trip through St. Louis and Detroit this week.  The Phillies dropped a 4-1 result to the Cardinals last night.
  • Jonathan Papelbon hasn't been made available by the Phillies but even if he was, one AL executive thinks Papelbon's contract makes him "practically untradable."
  • Stark thinks the Phillies and Marlins are good trade partners on paper since the Phils could use Ruggiano or any of Miami's good relievers.  The Marlins aren't willing to move anyone unless they get a great offer, however, and the Phillies aren't willing to move any of their top prospects to facilitate a deal.
  • The Nationals could listen on a good offer for Drew Storen, the former first-round pick who is struggling through a tough year.  The Nats are in a tough spot trade-wise, however, since the team is largely set at every position yet are still in need of hitting.
  • Alex Rios' long slump has lowered his trade value and the White Sox will be hard-pressed to find a team to meet their asking price for the right fielder.  The Rangers still have some interest in Rios, as they're looking for an outfielder that can be controlled beyond this season.
  • The Red Sox are seen as very likely to add pitching before the deadline.  Boston has been linked to Jake Peavy and were interested in Francisco Rodriguez before the Orioles got him. 
  • The Braves have targeted Oliver Perez and Charlie Furbush of the Mariners, Scott Downs of the Angels, Mike Dunn of the Marlins and James Russell of the Cubs in their search for left-handed relief pitching.  While Atlanta has been looking at these names and others, however, Stark says the team isn't close to a deal.
  • In regards to the Biogenesis scandal, Stark hears from an attorney who believes "virtually every case will be settled by a plea deal.  You're going to see a lot of pleas. You're going to see a lot of deals."

Cubs Notes: Soriano, Epstein, Adams, Samardzija

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The Cubs dealt Matt Garza yesterday and are exploring a deal to send Alfonso Soriano to the Yankees, though that trade is far from complete (if it happens at all).  Here's the latest from Wrigley Field…

  • The Garza negotiations were "pretty all-consuming" for the organization, Theo Epstein told reporters (including Paul Sullivan of the Chicago Tribune).  With that deal now settled, Epstein said his team "can focus on some other things that we thought would happen closer to the deadline."
  • Epstein tells reporters (including MLB.com's Carrie Muskat) that the Yankees aren't the only team who have called about Soriano.
  • A "large gap" exists between the Cubs and Yankees about Soriano's value, ESPN's Buster Olney tweets.  The two teams are also far apart in determining how the $24.9MM remaining on Soriano's contract will be split up.
  • CBS Sports' Jon Heyman believes the Cubs will end up paying more than half of Soriano's remaining salary and that a Soriano-to-New York deal "simply makes too much sense" for either side to balk.
  • The Cubs have shown interest in Yankees third baseman David Adams in the past, Joel Sherman of the New York Post reports (Twitter link), though Sherman isn't sure if Adams' name has come up in the Soriano trade talks.
  • Jeff Samardzija tells Carrie Muskat that he hasn't thought much about a long-term extension with the Cubs.  "I haven't had too many talks with my agent outside of bill paying and insurance paying and taxes, which are always the most fun conversations. We'll see what happens in the offseason," Samardzija said.  The right-hander is controlled through the 2015 season and has two remaining years of arbitration eligibility.  The two sides discussed an extension in the offseason but not much progress was made.

AL East Notes: Anthopoulos, Sternberg, Rios, Orioles

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The Orioles paid a steep price to acquire Francisco Rodriguez from the Brewers, ESPN's Keith Law opines, (Insider subscription required), given that Rodriguez will be a free agent this offseason.  The busy marketplace for relief pitching could be a boon to another AL East club if they decided to become sellers; "if a two-month rental of K-Rod gets a mid-level prospect, the Jays should shop Brett Cecil and Steve Delabar," Law tweets.

Here's the latest from around the AL East…

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