• Yankees Sign RHP Rafael Soriano To Provisional 3Y/$35M Contract

    Posted by on January 13th, 2011 · Comments (55)

    Well, so much for Brian Cashman saying that he wouldn’t give up the team’s first round draft pick, huh?  In a somewhat stunning — and in my opinion utterly idiotic  — decision, the Yankees have signed Rafael Soriano to a three year, $35 million dollar deal to set up Mariano Rivera.  The deal, apparently, has a provisional clause that gives Soriano the right to opt out in each of the first two years.  Presumably a good season by Soriano and he’ll seek to resume his closing duties on another team next year.  Perhaps this is the only saving grace here; the Yankees may well be rid of this absurdly wasteful contract in just one calendar year…

    Perhaps this move means that the Yankees have reconsidered Joba Chamberlain’s future with the club.  Either he’s about to be traded or he’s about to be re-inserted into the rotation.  Only the former would satisfy me.  The latter…ugh, I’d rather not even think about it.

    For those that deem me a blatant Cashman apologist, take heed and remember this post.  I hate this move and I simply don’t see the logic behind it.  This is the Nick Johnson decision multiplied seven-fold.  I just hope it doesn’t suck seven times as much too.

    Update 9:57 p.m.: According to this Tweet from Tyler Kepner, the value of the contract depends on if Soriano exercises his options.  If he should opt out after the first year, he earns $11.5M.  If he should opt out after the second year, he earns $21.5M.  Obviously he earns the full $35M if he stays the full three years.

    As I said above, the hope here is that Soriano is lights out in 2011 and can find a closer’s job on another team, saving the Yankees the unearned $23.5M portion of the contract.  Theoretically, the Yankees could offer Soriano arbitration and recoup the lost draft picks although precedent shows that Cashman likely won’t go that route.

    Comments on Yankees Sign RHP Rafael Soriano To Provisional 3Y/$35M Contract

    1. Evan3457
      January 14th, 2011 | 5:45 pm

      Raf wrote:

      Brent wrote:
      With these two reports, it seems that the deal was pushed from ownership on top, overruling Cashman and pressuring him to make a move, this move specifically. Hmm.
      If that’s the case, I’m not particularly impressed with Cashman’s work under “pressure”

      If that’s the case, you can’t blame Cashman.

      Unless you think he should’ve re-signed to protest being forced to make this move. He probably argued for alternatives that were cheaper, and was probably pushed by Hank and/or Randy Levine.

      ==========================================
      In one sense this makes me happier; at least Cashman had the good sense to oppose this within the organization.

      In the other sense, it makes me unhappy; The Powers That Be within the Yankees organization are not will to follow the plan of their GM, and don’t have the stones to be patient and take fire from the fans and media (possibly slow ticket sales as well). This bodes badly for the future, possibly Angelos-badly.

    2. Raf
      January 14th, 2011 | 6:25 pm

      Evan3457 wrote:

      Unless you think he should’ve re-signed to protest being forced to make this move. He probably argued for alternatives that were cheaper, and was probably pushed by Hank and/or Randy Levine.

      I don’t think that he should’ve resigned, but it would’ve been nice to sign Soriano to a better contract than the one he signed. Cashman, the Yankees, or whoever’s behind this had all the leverage and they still blew it. Maybe Boras has mastered Jedi Mind Tricks?

    3. Evan3457
      January 15th, 2011 | 1:47 am

      Cashman lost leverage when whoever higher than him in the organization told him to make the move NOW.

      BOOM! No more leverage.

    4. LMJ229
      January 15th, 2011 | 10:54 am

      It seems to me as if Boras has a direct line to the Yankees ownership.

    5. PHMDen
      January 21st, 2014 | 2:50 pm

      KPOcala wrote:

      … let’s not get too choked up about losing a draft pick.

      It’s too bad Cashman lost a shot a Mikie Mahtook, but at least he came away with Dante Bichette, Jr., 20 picks later in the 1st round. And Rafael Soriano could’ve worked out worse.

    Leave a reply

    You must be logged in to post a comment.