Piniella was named the National League recipient of the Charles Isham "C.I." Taylor Award -- presented to the Manager of the Year. Tampa Bay's Joe Maddon was the American League winner.
Piniella guided the Cubs to the best record in the National League, winning 97 games.
Soto is the NL recipient of the Larry Doby Award, presented to the top rookie. Soto batted .285 with 23 homers and 86 RBIs in his first full season with the Cubs.
The Negro Leagues Baseball Museum will bestow its highest honor on Cardinals first baseman Albert Pujols and Twins first baseman Justin Morneau, who will receive the 2008 Oscar Charleston Legacy Awards.
The Legacy recipients will pick up their awards Jan. 10 during a ceremony at the Gem Theater in Kansas City, a venue across the street from the baseball museum itself. Proceeds from the Ninth Annual Legacy Awards will benefit the institution, which keeps alive the legacy of men and women who played, coached or owned teams when baseball was a segregated sport.
Carrie Muskat is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.