FORT MYERS, Fla. -- The New York Yankees became the first major league team with a $150 million payroll when they renewed the contract of second baseman Alfonso Soriano at $800,000 Tuesday.

New York's payroll is $150,360,993 for 24 players likely to be on the Opening-Day roster plus pitcher Jon Lieber, who will be on the disabled list.

Yankees general manager Brian Cashman made the announcement after meeting with Soriano following New York's 7-4 win over the Boston Red Sox Tuesday. Soriano made $630,000 last season.

Cashman said the renewal makes Soriano the highest-paid player with two-to-three years of major league service who wasn't eligible for arbitration or didn't have a multiyear deal.

"I'm very comfortable and feel it's more than fair," Cashman said.

Soriano hit .300 with 39 homers, 41 steals and 102 RBI in 156 games last year, his second full major league season.

Cashman said the two sides might discuss a multiyear deal at a future date. A drawback is that a multiyear contract agreed to this year would substantially increase the team's luxury tax payment, which is based on the average annual values of contracts.

"If you can get a longterm deal knocked out, you'd like to do so," Cashman said.

"It can be in our advantage certainly, and his advantage for various reasons to secure our costs and get security on his behalf. Again, the number have to make sense to both sides. That's obviously the difficult part, but it doesn't mean you can't try."

The Yankees also agreed to a one-year contract with left-hander Danny Borrell, who is likely to start the season in the minor leagues.