8:30pm: There’s a “large gap” between how the Yankees and Cubs value Soriano, reports Buster Olney. The two sides are also haggling over who plays how much of his remaining salary. Paul Sullivan says Soriano confirmed the Yankees have spoken to his agent, but he has not yet been asked to waive his no-trade clause.
1:04am: Via George King: The Yankees are close to acquiring Alfonso Soriano from the Cubs. Chicago will pay the bulk of the $25M or so left on his contract through next season, and the money will be structured in such a way that Soriano has no impact on the 2014 luxury tax calculation, similar to Vernon Wells. King says the Yankees will send a mid-level prospect to the Cubbies.
Soriano, 37, has ten-and-five no-trade protection, but he has indicated he will not veto a deal to return to New York in the past. He came into Monday’s action hitting .259/.289/.476 (103 wRC+) with 17 homers this season, including a 123 wRC+ against lefties. Following what has become an annual slow start, he’s put up a .300/.326/.744 (186 wRC+) line with ten homers over the last 30 days. The Yankees are desperate for power, particularly from the right side, so Soriano definitely fills a need.