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.