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Yanks set to introduce Rafael Soriano

The deal between the Yankees and Rafael Soriano has been made official after the reliever has passed his team physical Tuesday. Soriano will be introduced at a news conference at Yankee Stadium Wednesday morning.

The Yankees and Soriano, who led the AL in saves with 45 as a member of the Tampa Bay Rays in 2010, came to terms Thursday night on a three-year contract potentially worth $35 million, although Soriano has the right to opt out of the deal after either of the first two seasons.

The Yankees intend to use Soriano as the set-up man for 41-year-old Mariano Rivera with the possibility that the 31-year-old right-hander could succeed Rivera in the position when Rivera's new contract runs out after the 2012 season.

Wallace Matthews covers the Yankees for ESPNNewYork.com. You can follow him on Twitter.