The deal is believed to be worth $35 million over three years pending a physical. So much for not giving up a first round draft pick. The deal also comes with an opt-out clause that would allow Soriano to leave the Yankees after one or two years.
Tim Brown of Yahoo Sports confirms that the deal is worth $35 million over three years.
Tyler Kepner of the NY Times is reporting that Soriano gets $11.5 million if he opts out after one year, $21.5 million if he opts out after two, and $35 million if he stays all three years.