The New York Yankees have designated veteran outfielder Alfonso Soriano, 38, for assignment according to the New York Daily News.

The Yankees acquired Soriano from the Chicago Cubs last summer and was one of the hottest hitters in baseball. Soriano hit 17 home runs with 50 RBIs in 58 games.

This year his numbers have been far from his performance last season in 31 games in the outfield and 25 as the designated hitter. He has hit .221/.244/.367 with six home runs and 23 RBIs in 67 games

Soriano is in the final year of an eight-year $136 million deal he received from the Cubs in 2006. With so much money due to Soriano he will most likely clear waivers, according to Bleacher Report.

Some playoff contender might take a risk on the veteran Soriano. The Yankees will look to improve a pitching staff that ranks in the bottom third of the league in ERA and quality starts.

The Yankees have already made a move to acquire right-hander Brandom McCarthy from the Arizona Diamondbacks.