Half of Rafael Soriano’s new $28 million contract is deferred

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Rafael Soriano’s two-year, $28 million pact with the Nationals has an interesting financial breakdown.

According to Jim Bowden of ESPN and SiriusXM, the right-handed reliever will make just a $7 million salary in 2013 and 2014, and the remaining $14 million will be deferred until after the 2018 season. So agent Scott Boras can boast about landing his client a contract worth $14 million per year when in actuality it’s going to shake out much differently.

It’s still a nice score for Boras and Soriano considering the challenges presented by the new draft pick compensation system. The Nationals will not have a first-round pick in the 2013 MLB Amateur Draft because of the signing.

The Yankees, meanwhile, now possess picks 27, 31 and 32.

Padres acquire Phil Hughes from Twins

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Twins right-hander Phil Hughes is headed to the Padres, according to announcements from both teams on Sunday. The Padres will also receive the 74th overall draft pick and cash considerations from the Twins, who are getting minor league catcher Janigson Villalobos in return. Minnesota is expected to absorb $7.5 million of Hughes’ $22 million contract; per MLB.com’s Mark Feinsand, they’ll take on his remaining salary for the 2018 season and pay an additional $5.7 million in 2019.

Hughes, 31, is far from the 16-win, sub-4.00 ERA hurler the Twins enjoyed in 2014. He hasn’t pitched more than 60 innings in any season since 2015, due in part to multiple bouts of back stiffness and shoulder surgeries. He was designated for assignment last week after missing significant time with a left oblique strain and delivering a 6.75 ERA, 3.8 BB/9 and 6.0 SO/9 through his first 12 innings of 2018.

Villalobos, meanwhile, will provide the Twins with some depth as he continues to work his way through the minor league system. The 21-year-old backstop recently completed a circuit with the Padres’ rookie-level affiliate in the Arizona League, slashing .275/.367/.388 with eight extra bases and a .755 OPS in 98 PA.

The real get for the Padres isn’t Hughes (even with much of his salary already accounted for), but the Competitive Balance B selection in next week’s amateur draft. As MLB.com’s AJ Cassavell points out, the club lost their second-round pick after inking Eric Hosmer to a massive eight-year, $144 million deal back in February.