You have 18 months to pay him. Same if you trade him and send money towards the other team. The one positive of this, is he's off the books a year earlier. Of course, this and next year's payroll would go up 9 mill, if you cut him or traded him and took on the entire deal. Levine mentioned our payroll looks to be in the 120ish range for 2012, which is fine, if we're allocating monies towards IFA's. But, we're at 110ish right now for the entire 40 man, so cutting Soriano leaves us no room at all, without making trades. 110ish? Last number I saw was 102