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Wednesday, July 02, 2014

MLB.com:  Yanks open international signing period with spree

The New York Yankees made their presence felt with an international spending spree on Wednesday, the first day international free agents could sign with teams.

According to industry sources, New York agreed to terms with several highly regarded international prospects, including shortstop Dermis Garcia, ranked No. 1 on MLB.com’s Top 30 International Prospects list for a $3 million signing bonus, along with Dominican third baseman Nelson Gomez (ranked No. 2) for $2.25 million, Dominican outfielder Juan DeLeon (No. 5) for $2 million, Venezuelan outfielders Jonathan Amundaray (No. 7) for $1.5 million and Antonio Arias (No. 9) for $800,000.

Additionally, sources indicate the Yankees also agreed to terms with Korean shortstop Hyo-Jun Park, ranked No. 13, for $1.1 million, along with Venezuelan shortstops Wilkerman Garcia (No. 14) for $1.35 million and Diego Castillo (No. 16) for $750,000. The Yankees also agreed to terms with Venezuelan catcher Miguel Flames, ranked No. 25, for $1 million, and they added outfielder Frederick Cuevas from the Dominican Republic for $300,000.

In all, the Yankees spent more than $14 million on those players alone.

The Yankees have not confirmed the signings, but they could end up paying a high price for the young prospects….

FINALLY it looks as if somebody’s getting the message that mediocrity is unacceptable, even if it means facing a stiff penalty.

Jolly Old St. Nick Is A Jolly Old St. Crip Posted: July 02, 2014 at 11:17 PM | 10 comment(s) Login to Bookmark
  Tags: international free agents, yankees

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   1. John Northey Posted: July 03, 2014 at 07:19 AM (#4742475)
Yeah, being told they can't spend $300k+ on players for the next two years isn't much of a disincentive for the Yankees here. Max budget those years would've been under $10 mil most likely so they basically are doing 3 years worth of max potential budgets at once while still being able to spend $300k on guys next year and the year after (ie: get some decent but not 'wow' prospects).

Sigh... I really hoped the Jays would be the team to exploit that loophole but the Yankees have the bucks to pay a $10+ mil penalty and to blow it big time one year rather than over a series of years. To make that penalty work you'd need to make it that the Yankees would lose any cap space they go overbudget by and just not be able to sign anyone until the cap is paid off with a penalty added in (a sliding scale where by the point they are at you'd be looking at losing your international budget for $28 mil rather than $14 mil thus for many, many years they'd be out of the international market).

Checked and saw their cap was just over $2 mil. Crazy.
   2. Yellow Tango Posted: July 03, 2014 at 08:45 AM (#4742489)
I feel like I'm missing something, but the current international cap seems really bizarre to me. It feels like the optimum strategy is sort of a three year pulse where you just sign everyone you can and accept that you'll get nothing for the next two years.

I'd guess it marginally helps the owners, but if six teams or more are on that strategy, it doesn't seem like it should help that much.
   3. JRVJ Posted: July 03, 2014 at 08:59 AM (#4742495)
Wasn't this the strategy that the Cubs were supposedly going to use last year?

In any case, I understand why the Yankees did this (especially since their 2014 draft started late in 2nd round), but because of the age of these kids, we're talking about players who's age comparable draftable types would be 2016 High School Seniors.

So I don't expect any of these kids to make it to the bigs prior to 2018/2019.
   4. JRVJ Posted: July 03, 2014 at 09:15 AM (#4742504)
Thinking a bit more about this, I'm surprised that the Yankees didn't sign MORE than 9 players (they may still do so, of course).

For this strategy to make sense, it would seem to me that you should try to sign 15 or 16 of the top 25 players, so they tide you over during the 2 years where you can't sign anybody over $300K.
   5. PASTE Thinks This Trout Kid Might Be OK (Zeth) Posted: July 03, 2014 at 09:24 AM (#4742508)
Agree. There is no reason the Yankees should not simply sign everyone they like.
   6. You Know Nothing JT Snow (YR) Posted: July 03, 2014 at 10:47 AM (#4742564)
This is the logical response to the Budshovik approach of penalizing both the Yankees and international players at-large with his punitive machinations. The Yankees are to be criticized for not pursuing international players more strongly in prior years as Selig and his cronies continually ratcheted up the oppressive interference with the Yankees organization and amateur players as a whole with the dual intent of depriving players of their potential once-in-a-lifetime payday and funneling more talent at lower prices to league-preferred destinations.

The Yankees should have been doing this 5 years ago. I'm glad they're doing it now, but of course, like with the Tanaka signing, this will only incentivise the Budshoviks to implement more punitive measures until they get the result they really want.
   7. JRVJ Posted: July 03, 2014 at 12:19 PM (#4742651)
Well, I listened to today's Effectively Wild podcast, and one thing I was not clear on is that the Yankees are being penalized heavily for sums spent over their cap amount (heavily in terms of the money being spent on international FAs. Nothing but petty cash for the Yankees).

Two other things: a. If money isn't really an issue for the Yankees here, it's surprising that the Yankees didn't trade pretty much all of their slot amount to other teams (which they could have done), to get something of more present value.

b. There's a strong chance of an international draft next year, so there's a likelihood that a strategy like this won't be an option next year.
   8. Joe Kehoskie Posted: July 03, 2014 at 01:49 PM (#4742746)
b. There's a strong chance of an international draft next year, so there's a likelihood that a strategy like this won't be an option next year.

No, there isn't.
   9. The Yankee Clapper Posted: July 03, 2014 at 03:07 PM (#4742798)
It feels like the optimum strategy is sort of a three year pulse where you just sign everyone you can and accept that you'll get nothing for the next two years.

It's not that easy a strategy. You're potentially competing with 29 other teams in your Surge Year, so you're probably paying more than market price to round up that much of the talent pool, and you not only have to be right on enough of the prospects you sign to make it worthwhile, you have to factor in what you miss out on during the Penalty Years. That's a lot to get right. Worth the risk for a team like the Yankees, I think, although I worry about the execution, but I doubt it's necessary for teams that haven't had the long draft droughts that come from extended periods of playoff participation and tapping the free agent market.
   10. Greg K Posted: July 03, 2014 at 03:09 PM (#4742799)
this will only incentivise the Budshoviks to implement more punitive measures until they get the result they really want.

The end of western civilization?

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