By Joey Nowak / MLB.com | 10/31/12 12:23 AM ET
Rafael Soriano, who stepped in as the Yankees' closer this year after Mariano Rivera suffered a season-ending knee injury, is expected to opt out of the final year of his contract Wednesday, CBSSports.com reported.
CBSSports.com's Jon Heyman reported Tuesday night that Soriano, who is currently under a three-year $35 million contract, will opt out on Wednesday but could still pursue negotiations with the Yankees.
Soriano saved 42 games in 46 chances this year, going 2-1 with a 2.26 ERA after Rivera's injury. Rivera's uncertain future could also factor into the decision on the part of both parties.
Soriano's current contract would entitle him to $14 million in 2013, but he would receive $1.5 million if he opts out. According to the CBS report, the Yankees would counter with a $13.3 million qualifying offer by Friday's deadline to guarantee Soriano at least $14.8 million -- an overall increase of $800,000.
Heyman reports that the likelihood of Soriano accepting such a qualifying offer is slim after the season he had in 2012, and the reliever may be seeking a four-year contract.
Joey Nowak is a reporter for MLB.com. Follow him on Twitter at @joeynowak. This story was not subject to the approval of Major League Baseball or its clubs.
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