Cubs out bid Yankees for Soler with 9-year/$30 million deal

The Yankees were aggressive in going after the Cuban outfielder Jorge Soler, but they were ultimately outbid by the Chicago Cubs who landed him with a nine-year, $30 million deal, according to Joel Sherman and Jon Heyman.

There were quite a few teams interested in Soler with the Yankees being one of the top four or five. There were said to be several teams that bid more than $25 million, but the Cubs deal not only guarantees more money, but also includes an opt-out of the agreed upon salaries if Soler thinks he can earn more through arbitration.

Soler is a 20-year-old with big power potential. He won’t be in the majors anytime soon, but look for him by the end of 2013 or 2014.