Rafael Soriano has exercised the opt-out clause in his contract with the Yankees.
As expected. Soriano’s option is worth $14 million, but he’ll take a $1.5 million buyout and test the open market. The Yankees are expected to make him a qualifying offer ($13.3 million) to secure draft pick compensation if he signs elsewhere. He’s reportedly on the lookout for a four-year deal after posting a 2.26 ERA, 42 saves and 69/24 K/BB ratio this season while filling in for Mariano Rivera.