Tim Boyles/Getty Images
The Yankees will have to find an heir to Mr. New York at some point. It just won't be in 2011.
Since Soriano is a Type A free agent, the Yankees will have to give up their first round draft choice to the Tampa Bay Rays.
Also, the signing of Soriano by the Yankees guarantees the Red Sox first-round compensation for losing Adrian Beltre. If Soriano had gone to Texas, the Sox would have only gotten a second-round pick from the Rangers.
The 2011 draft is expected to be one of the deepest in recent history, but the Yankees have just one pick (49th) in the first 57 picks.
The Rays, however, now have six picks in the first 57 (24, 32, 38, 50, 55, 57), which includes two first rounders.
The Red Sox have guaranteed themselves four picks in the first 57 (19, 26, 36, 40), which also includes two first rounders.
The Yankees are missing out on the opportunity to draft in one of the deeper pools we've seen in awhile. Considering the age of guys like Derek Jeter and Alex Rodriguez, they're either going to have to develop some young players or sign a few high-profile free agents somewhere down the road.