Rafael Soriano has signed a three-year, $35 million dollar deal according to multiple reports. The former Ray was 45-48 in save chances in 2010, which led the AL.

Of American League relievers with at least 40 innings of work, Soriano was fifth in ERA (1.73) and second in WHIP (0.80).

The move marks the first major addition for the Yankees this offseason, who have thus far been considered one of the biggest losers in this year’s free agency bonanza.

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