Chicago Cubs takes Alfonso Soriano for 8 years

(Reuters) – Five-times All-Star Alfonso Soriano has agreed an eight-year contract with the Chicago Cubs, the club said on Monday.

Media reports said the Cubs had spent $136 million to acquire Soriano, the fifth most expensive deal in Major League history behind Alex Rodriguez’s $252 million contract, Derek Jeter’s $189 million, Manny Ramirez’s $160 million, and Todd Helton’s $141.5 million.

They said adding Soriano’s power to a potent line-up featuring re-signed third baseman Aramis Ramirez and returning first baseman Derrek Lee was a clear sign management wanted to reverse the club’s losing ways.

Under former manager Dusty Baker, the Cubs finished last in the National League’s Central Division with a 66-96 record in 2006. They have not won a World Series since 1908, the longest drought in the sport. Baker was replaced by Lou Piniella.

The Cubs’ owner, media conglomerate Tribune Co. is seeking offers for the entire company. It could also be broken off and sold in pieces, with some businessmen expressing interest in acquiring the team.

Soriano, 30, was one of Major League Baseball’s most sought-after free agents, as the only player to hit at least 40 home runs, 40 doubles and steal 40 bases in a single season.

Soriano balked initially last season when he was switched to left field from second base by the Washington Nationals, but compiled a .277 batting average with 46 home runs, 41 doubles, 95 runs batted in, and 41 stolen bases. He also led National League outfielders with 22 assists. He has a career average of .280.