Report: Yankees Have Reached Agreements With Three International Players

Earlier this year, Kiley McDaniel of Scout.com revealed the Yankees’ plans to make a big push in the international market and now Andy Martino of the New York Daily News is reporting that they have reached verbal agreements for high bonuses with three top players from the Dominican Republic ahead of the July 2 signing date when all of the deals can be finalized: Third baseman Dermis Garcia for approximately $3.6 million; Nelson Gomez, who is also a third baseman, for approximately $2.8 million; and Shortstop Christopher Torres for approximately $2.6 million.

The story in the Daily News also reports that the Yankees’ total allotment this year is only about $2 million which they look to exceed by at least $13M with some of the speculation is putting that number in the $15-18M range. It was originally speculated that Garcia would get $3M and Torres would sign for only $1M. By going over the allotment number for 2014 by so much, the Yankees will only be allowed to spend $250K per player next year as punishment but sources say the team is willing to make that sacrifice this year so they can build up their talent-depleted farm system and add some much-needed high-end talent from Latin America.

Stacey is co-Editor-in-Chief of It's About The Money, co-host of the It's About The Money, Stupid podcast and is a monthly contributor to ESPN's SweetSpot Blog. She is a former contributor at Aerys Sports and High Heat Stats. She has contributed to group projects at Baseball: Past And Present and the Hall of Stats. Her work has appeared in USA Today's Sports Weekly and most recently, she wrote four pieces for Derek Jeter: Celebrating the Yankees' Captain Clutch, a magazine printed by i5 Publishing.