Nationals sign Rafael Soriano to two-year, $28 million deal

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Well, this certainly came out of nowhere.

Jeff Passan of Yahoo! Sports reports that free agent reliever Rafael Soriano has agreed to a two-year, $28 million contract with the Nationals, who lose their first-round draft pick in order to sign him.

Soriano was one of three remaining free agents with draft pick compensation attached. All three of them (Soriano, Kyle Lohse, Michael Bourn) are represented by agent Scott Boras and there’s been all sorts of speculation that they’d struggle to secure multi-year deals, but Soriano at least has found a nice landing spot with a Nationals team that is flush with high-profile Boras clients.

Washington’s bullpen wasn’t exactly hurting, so it’ll be interesting to see how Soriano fits in with a group that already included Drew Storen and Tyler Clippard as the late-inning duo. According to Passan the two-year, $28 million deal also includes a $14 million option for 2015 that vests if Soriano has 120 games finished in 2013-2014, which would essentially require his being the Nationals’ full-time closer.

Soriano stepped in as the Yankees’ closer when Mariano Rivera injured his knee last season and saved 42 games with a 2.26 ERA. He’s battled injuries over the years, but when healthy Soriano has consistently been one of the best relievers in baseball with a 2.78 career ERA and 9.4 strikeouts per nine innings. He’s posted an ERA of 3.00 or lower in six of the past seven seasons, but $14 million per year and a draft pick is an awfully big price tag for a reliever.

Yankees acquire A.J. Cole from the Nats

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The New York Yankees have acquired reliever A.J. Cole from the Washington Nationals for cash considerations.

Cole was supposed to be the Nats’ fifth starter this year but that didn’t work out too well. He pitched in four games for the Nats, starting two, to the tune of a 13.06 ERA, having given up six home runs in 10.1 innings. That’s . . . something.

Don’t get too used to Cole on the New York roster, as this seems like one of those “give us an arm” for a couple of days deals, after which Cole will be DFA’d and will either accept an assignment to Scranton or be cut loose. Such is life at the fringes for a guy who is out of minor league options.