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Rafael Soriano expected to opt out of contract with Yankees

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Hardly shocking news here, but Rafael Soriano is expected to exercise the opt-out clause in his contract with the Yankees and test free agency.

Soriano has until three days after the World Series to decide whether to accept his $14 million option for next season or reject it and receive a $1.5 million buyout. Joel Sherman of the New York Post spoke with Soriano’s agent, Scott Boras, and while he wouldn’t definitively say his client will opt out, he did say “there is a strong chance that he would have tremendous value as a free agent.” Not difficult to read between the lines there.

Soriano, who turns 33 in December, figures to do very well in free agency after posting a 2.26 ERA, 42 saves and a 69/24 K/BB ratio over 67 2/3 innings this season while filling in for Mariano Rivera in the closer role.

The Yankees will likely make Soriano a qualifying offer if he opts for free agency in order to set themselves up for draft pick compensation. The qualifying offer is determined by the average of the top 125 salaries in the game, so it will likely be an offer in the range of $13.3-13.6 million. There’s always the chance that Soriano could accept and once again be a very expensive set-up man, but the thought is that he’ll be on the lookout for a multi-year deal on the open market.

UPDATE: Jon Heyman of CBSSports.com reports that qualifying offers for free agents need to be worth $13.3 million.

Report: Royals and Eric Hosmer have discussed a long-term contract extension

SAN DIEGO, CA - JULY 12:  Eric Hosmer #35 of the Kansas City Royals and the American League rounds the bases after hitting a home run against the National League in the 2nd inning of the 87th Annual MLB All-Star Game at PETCO Park on July 12, 2016 in San Diego, California.  (Photo by Denis Poroy/Getty Images)
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Ken Rosenthal of FOX Sports reports that the Royals and first baseman Eric Hosmer have discussed a long-term contract extension. However, Hosmer also indicated that he will head into free agency if a deal is not consummated by Opening Day.

Hosmer, 27, avoided arbitration with the Royals last month, agreeing to a $12.25 million salary for the 2017 season. He is one of four key Royals players who can become a free agent after the season along with Mike Moustakas, Alcides Escobar, and Lorenzo Cain. If Hosmer does reach free agency, he would arguably be the top free agent first baseman.

Hosmer finished the past season hitting .266/.328/.433 with 25 home runs and 104 RBI while making his first All-Star team.

Yankees sign Jon Niese to a minor league deal

PHOENIX, AZ - AUGUST 17:  Jonathon Niese #49 of the New York Mets delivers a pitch during the first inning against the Arizona Diamondbacks at Chase Field on August 17, 2016 in Phoenix, Arizona.  (Photo by Jennifer Stewart/Getty Images)
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Joel Sherman of the New York Post reports that the Yankees have signed pitcher Jon Niese to a minor league contract, pending a physical. Assuming the deal is finalized, Sherman notes that the Yankees will have Niese work as both a starter and a reliever in big league camp this spring.

According to Sherman, the Yankees were interested in lefty relievers Jerry Blevins and Boone Logan, but didn’t want to commit at their asking prices. They are looking for a lefty set-up man along with Tommy Lane.

Niese, 30, pitched for the Pirates and Mets last season, finishing with a 5.50 ERA and an 88/47 K/BB ratio over 121 innings.