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7/26/2013 5:10 P.M. ET

Cubs acquire RHP Corey Black from the New York Yankees for OF Alfonso Soriano

SAN FRANCISCO - The Chicago Cubs today acquired minor league right-handed pitcher Corey Black from the New York Yankees for outfielder Alfonso Soriano.

Black, 21, was selected by the Yankees in the fourth round of the 2012 Draft out of Faulkner University. In 2013, his first full professional season, Black is 3-8 with a 4.25 ERA (39 ER/82.2 IP) in 19 starts with Single-A Tampa. The righthander has allowed only two home runs in 82.2 innings, an average of one home run every 41.1 innings, while recording 88 strikeouts, an average of 9.6 strikeouts per nine innings. He is limiting opposing hitters to a .243 batting average, including a .169 mark by lefties and a .285 mark by righties.

The 5-foot-11, 175-pound Black has gone 2-2 with a 3.57 ERA (16 ER/40.1 IP) in his last 10 starts beginning May 24. He has allowed one earned run or zero earned runs in seven of those 10 outings.

The 37-year-old Soriano departs the Cubs after nearly seven seasons since joining the club prior to the 2007 campaign. He leaves ranked 11th on the club's all-time home run list with 181 home runs. Overall, Soriano batted .264 (898-for-3,403) with 218 doubles, 13 triples, 526 RBI and 469 runs scored in 889 games.

Soriano returns to the organization with which he began his 15-year career, having spent time previously with the New York Yankees (1999-2003), Texas Rangers (2004-05), Washington Nationals (2006) and Chicago Cubs (2007-13). He ranks seventh among active players with 389 home runs, the most by any active outfielder, and is 11 hits shy of 2,000 in his career.

This story was not subject to the approval of Major League Baseball or its clubs.