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Yankees reportedly finalize acquisition of Alfonso Soriano from Cubs

07.26.13 at 10:42 am ET

Alex Rodriguez‘s future as a Yankee is looking more and more in doubt, but the man he was traded for nearly a decade ago ‘€” Alfonso Soriano ‘€” appears to be headed back to the Bronx.

ESPN’s Jim Bowden tweeted that Soriano waived his no-trade clause and MLB approved the money moving between the Cubs and Yankees, which would make official a trade that has been in the works for much of the week. Buster Olney reported Chicago will pay Soriano $17.7 million of the $24.5 million left on his contract, with the Yankees picking up the other $6.8 million, $5 million of that coming next year.

Soriano is expected to be in the Yankees lineup Friday night when they host the Rays. Jon Heyman of CBS tweeted that Soriano will likely often handle designated hitter duties in New York.

A .254 average and .287 OBP aren’t exactly overwhelming, but Soriano’s 17 homers and 24 doubles should give the injury-plagued Yankees lineup the right-handed power threat it could very much use. He is also hitting lefties at a .273/.310/.496 clip.

Soriano got his big league start with the Yankees, manning second base for four seasons until the team sent him to the Rangers in exchange for Rodriguez in February 2004. He was one of the top young players in the game and nearly joined the 40-40 club in 2002, finishing with 41 steals and 39 home runs.

Since leaving, however, Soriano has not been nearly as successful. He moved to the outfield in 2006, his lone season with the Nationals, and has been with the Cubs since inking an eight-year $136 million deal before the 2007 season. Now 37, Soriano is perceived is being improved but not entirely strong defensively in left field.

In return, the Cubs will pick one of pitching prospects Tommy Kahnle and Corey Black and maybe one other player, according to Heyman.

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