Done deal: Alfonso Soriano to be in Yankees lineup tonight

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UPDATE: The trade haul for Chicago: minor league right-hander Corey Black. Black is the 25th ranked prospect in the Yankees organization. He has great velocity but zero command so he’s, to put it mildly, a project.

UPDATE:  Buster Olney reports that the Cubs will pay roughly $17.7 million of the approximately $24.5 million left on Alfonso Soriano’s contract. We’re still awaiting word on who is going back to Chicago, but the word is that the Cubs are deciding among several low-level minor league pitching prospects.

8:23 AM: Gentlemen, start your “and now comes the man New York never should have traded away for Alex Rodriguez” columns. You know you want to. Just don’t try to figure out how the 2009 World Series would’ve worked, OK?

For as much as we’ve slagged on Soriano over the years this is a good pickup for New York. They have zero power at the moment. That’s the one part of Soriano’s game which still plays.

More details of what we know about the trade so far can be read here.

The Red Sox designate Hanley Ramirez for assignment

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The Boston Red Sox activated Dustin Pedroia from the disabled list today. That’s a big deal. The move they made to make room for him on the roster was a big one too: they designated Hanley Ramirez for assignment. A designation for assignment, of course, means that the Sox have seven days to either trade or release Ramirez.

Ramirez, 34, is experiencing his worst season as a major leaguer thus far, hitting .254/.313/.395 (88 OPS+) in 195 plate appearances as he split time between first base and designated hitter. Given how well Mitch Moreland has hit at first and J.D. Martinez has hit at DH, there is simply no room for Ramirez in the lineup.

Ramirez, a 14-year big league veteran, won the 2006 Rookie of the Year Award and won the NL batting title in 2009. He has been a below average hitter in three of his last four seasons, however and, long removed from his days as a middle infielder, he has little defensive value these days. That said, his fame and the possibility that he could put together a decent run if used wisely will likely get him some looks from other clubs.