With Soriano now electing free agency, the Yankees will most likely make a qualifying offer worth roughly $13 million for one year. If Soriano rejects that offer, which he will, the Yankees will then receive a pick in the 2013 draft if he signs with another team.
Soriano, 32, posted a 2.26 ERA and 42 saves this seaon, replacing Mariano Rivera as the team's closer in early May. He is believed to be looking for a long-term deal of roughly four years.
In addition to Soriano, Rivera is a free agent as well. At nearly 43 years old and coming off an ACL injury, however, Rivera could decide to retire, leaving the Yankees with David Robertson and David Aardsma as the only two options for closer on the roster.
If Rivera doesn't return, the Yankees are likely to make a push to resign Soriano to a long-term deal.
Notable teams that could pursue Soriano this offseason are the Detroit Tigers, Los Angeles Angels, Los Angeles Dodgers, Boston Red Sox, and the Washington Nationals.
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