"New Cubs president of baseball operations Theo Epstein says he has been given the authority to eat bad contracts, and that would seem to put outfielder Alfonso Soriano's status in jeopardy.

Epstein was asked about Soriano, who in 2006 signed an eight-year, $136 million contract, during a Wednesday appearance on "The Waddle and Silvy Show" on WMVP-AM 1000."