According to multiple sources, the Cubs are close to trading Alfonso Soriano to the Yankees. They will reportedly pitch in a large portion of the remaining $24.9 million Soriano is owed in return for a mid-level prospect.
The Yankees and Cubs are nearing a deal that would send Alfonso Soriano to the New York, according to George A. King III of the New York Post. Soriano is owed roughly $24.9MM over the remainder of his contract (roughly $6.9MM in 2013 and $18MM in 2014), and King reports that the Cubs would pick up the majority of the remaining tab in exchange for a mid-level prospect.