Yankees agree to deal with Rafael Soriano

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Brian Cashman sure slow-played this one.

Despite insisting last week that the Yankees would not surrender their first round pick in the 2011 MLB Amateur Draft in order to sign a remaining Type A free agent, the Bombers agreed to terms on Thursday night with reliever Rafael Soriano.  Jon Heyman of SI.com reports that the deal will be worth a whopping $35 million over three years.

Soriano said earlier this month that he would only be willing to accept a non-closer position with one team — the Yankees — because of his respect and admiration for longtime reliever Mariano Rivera.  And now he’ll get the opportunity to serve as an eighth-inning bridge to Mo for at least the next two seasons.  If Rivera decides to retire after his current two-year, $30 million contract runs out, the 31-year-old Soriano can assume closing duties for a year and ratchet up his free agent value heading into the winter of 2014.

Soriano posted a gorgeous 1.73 ERA and 0.80 WHIP over 64 appearances as the Rays’ closer last season, racking up an American League best 45 saves in 48 chances.  He has fanned a ridiculous 159 batters in his past 138 innings and has walked only 41.

All in all, he is one of the best relief pitchers in the game.

It is a crazy contract, there’s no denying that.  The money is too big and the Cashman-led Yankees are usually a bit wiser about handing out major amounts of cash and years to relievers not named Mo Rivera.  But the Yankees can afford to be a bit reckless with their cash because of their many lucrative revenue streams and there is little doubt that the move means an overall improvement for the club.

Opponents are going to have a really tough time plotting late-game comebacks against New York in 2011.

Dave Dombrowski gives John Farrell a vote of confidence

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Earlier, we learned via Tuesday’s report from Ken Rosenthal of FOX Sports that Red Sox manager John Farrell could find himself on the hot seat given the team’s slow start and a couple of incidents with Dustin Pedroia and Drew Pomeranz.

Tim Britton of the Providence Journal spoke to Red Sox president of baseball operations Dave Dombrowski, who gave Farrell a vote of confidence. Dombrowski said, “We all have our pluses and minuses. But when I see some of the things we’ve talked about, I don’t know how you say that’s John Farrell’s fault. It’s not his fault that we’ve scuffled to pitch in the fifth spot with [Kyle] Kendrick and [Hector] Velazquez. The injury factors. Really in many ways, I tip my hat to our guys, led by John, that we’re in the position that we’re in right now. We’re three and a half out on May 24. There’s a long time to go. We haven’t gotten buried.”

Dombrowski added, “He’s our manager. He’s done fine. If I didn’t think that, then he wouldn’t be in his role.”

Farrell is signed through 2018 as the Red Sox exercised his ’18 option in December. That doesn’t mean the Red Sox can’t let him go, but given the lack of realistic options to step in and fill Farrell’s shoes and Dombrowski’s vote of confidence, it looks like the skipper has job security for now.

Jacoby Ellsbury diagnosed with concussion, neck sprain after leaving game

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The Yankees announced that Jacoby Ellsbury left the game with a concussion and a neck sprain after making a great catch, crashing into the center field wall at Yankee Stadium to snag an Alcides Escobar fly ball for the first out of the first inning Wednesday night against the Royals.

Ellsbury was shaken up after the play, requiring the attention of manager Joe Girardi and trainer Steve Donohue.

Ellsbury initially stayed in the game and finished the top of the first inning. However, Aaron Hicks replaced Ellsbury in center field to start the top of the second inning. Ellsbury was batting sixth and did not have an at-bat prior to exiting.