Yankees sign 3 international free agents

It’s July 2nd which means that today is the first day of the 2012 international free agent signing period and despite having severe spending restrictions thanks to the new CBA, the Yankees have already been busy.

Their biggest splash was signing 16-year-old catcher Luis Torrens for $1.3 million, according to Ben Badler of Baseball America. Out of Venezuela, he recently converted to catcher from the infield and was considered the No. 2 rated IFA prospect this year.

 They also nabbed the No. 4 prospect, a 16-year-old right fielder out of Venezuela named Alexander Palma to a $800K deal, Badler reported. 16-year-old Dominican shortstop Yancarlos Baez also signed for $650K, says Badler.

Torrens has a strong right handed bat with raw skills behind the plate. Palma is a projected power hitter and Baez is known for his switch-hitting ability and speed, who is said to have an average hit tool and gap power right now.

Each team can only spend $2.9 million on the IFA market this year which means that the Yankees have just $150K left to spend. Here is BA’s IFA tracker.

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3 Responses to Yankees sign 3 international free agents

  1. Greg Corcoran says:

    Looks like the Yankees are stressing quality over quantity in this international free agent class. Unfortunately this also means they only have $150,000 to spend to fill out the rest of their DSL rosters. Given the depth of their system, however, this may not be a bad thing. There aren't many innings to go around in the GCL right now, so having a lower number of signings this year shouldn't be too big of a deal. They can always worry about getting a higher quantity next season. I am very excited about these three players.

  2. I don't know if this is going to happen yet, but I suspect that like college seniors, some of the IFA's that have less to leverage will be taken advantage of with smaller contracts.

    • Gregory Corcoran says:

      I'm sure that's true, but I'm not sure where that lack of leverage will come from except for lack of skill.