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Yankees reliever Rafael Soriano opts out of contract

Yankees reliever Rafael Soriano will test the free agent market after opting out of his contract. (Elsa/Getty Images)

New York Yankees relief pitcher Rafael Soriano opted out of his contract making him a free-agent, the team announced Wednesday.

Soriano's option is worth $14 million, but will instead take a $1.5 million buyout and test the free agent market.

According to CBSSports.com, the Yankees are expected to make him a qualifying offer worth $13.3 million in order to secure draft pick compensation if he signs with another team.

Soriano reportedly wants a four-year deal. He was 2-1 with a 2.26 ERA, 42 saves and 69 strikeouts this season after filling in for the injured Mariano Rivera.

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