An interesting analysis of signing ages, signing bonuses, and success rates in the Dominican Republic, by Melissa Segura of Sports Illustrated ...
Teams pay premiums for 16-year-olds for two primary reasons: One, because teams often want to be the first to sign a promising player and, thus, avoid bidding wars with other teams; and two, clubs prefer to develop their players’ skills under the watchful eyes of their own club personnel rather than under those of unqualified and unaffiliated coaches or trainers.
But are 18-year-old Latin American players really worth 70 percent less than their 16-year-old counterparts? Here’s another data analysis that calls into question the industry practice of placing a premium on youth. Let’s assume the most basic marker of a successful signing is making it to the majors. We’ll make it simple and look at the 79 players who have made their major league debuts from 2008-2011 from Carmona’s Dominican Republic. Of those 79, only six were signed as 16-year-olds. The debuts suggest older players were more likely to advance to the majors. ...
What’s more, SI tracked down the bonus data for 60 of the 79 players. Fernando Martinez, signed by the Mets in 2005 for $1.3 million, was the only one to receive a seven-figure bonus. Only nine others signed for six figures and one — the Rockies’ Juan Nicasio — received nada to sign, according to the data obtained by SI. The median signing bonus among them tallied a paltry $35,000.
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