Yankees acquire Alfonso Soriano from Cubs
The Chicago Cubs traded outfielder Alfonso Soriano to the Yankees in exchange for minor-league pitching prospect Corey Black, according to a tweet from Joel Sherman of the New York Post.
ESPN’s Jim Bowden first reported via Twitter that Major League Baseball approved the trade of Soriano to the Yankees on Friday morning. Soriano waived his no-trade rights and the trade is official.
Buster Olney reports that the Cubs will pay roughly $17.7 million of the approximately $24.5 million left on Soriano‘s contract.
Soriano returns to the Yankees, with whom he made his major league debut as a second baseman in 1999. He was traded to the Rangers as part of the Alex Rodriguez deal in 2003. After a year of playing outfield for the Nationals, he signed with the Cubs in 2007 and has primarily played left field.
The Yankees hope his bat (.254, 17 home runs, 51 RBI on the season) can add some punch to a slumping offense riddled with injuries.
MLB has approved the trade of Alfonso Soriano to Yankees (& cash changing hands) and Soriano has officially waved no-trade DEAL is OFFICIAL—
JIM BOWDEN (@JimBowdenESPNxm) July 26, 2013
Soriano is owed about $24.5m through '14. CHC are going to pick up about $17.7m. NYY will pick up about $6.8m of that, including $5m in '14.—
Buster Olney (@Buster_ESPN) July 26, 2013
Cubs would get a lower-tier pitching prospect if they finish the Soriano deal with the Yankees. They are waiting for his formal waiver.—
Buster Olney (@Buster_ESPN) July 25, 2013