Rafael Soriano officially opts out of his deal

We’ve known for a while that this was coming, but Rafael Soriano has officially opted out of the final year of his contract with the Yankees, according to Jon Heyman of CBS Sports.

Soriano’s initial deal was a three-year, $35 million one and he was still owed $14 million next season. Instead, he takes a $1.5 million buyout.

The Yankees are expected to offer him a $13.3 million qualifying offer, which Soriano could potentially accept. However, he’s likely to reject it and search for a multi-year offer somewhere. His agent Scott Boras will no doubt pitch a deal to the Yankees, but at this point it is hard to see them signing him to a multi-year contract with the $189 million budget just a year away. Perhaps they’ll reconsider if Mariano Rivera retires though.

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