Today is July 2nd, 2014, and the market is now open for major league organizations to sign international 16 year olds. The New York Yankees are expected to spend heavily this year, probably exceeding their designated bonus pool by a large amount. Here are the pools:
|2014 International Bonus Pools|
What happens when a team goes over the limit?
***All overages are penalized with a 100 percent tax.
***If a team exceeds the bonus pool by five to ten percent, they can't sign an international player for more than $500,000 in next year's window.
***If a team goes over by ten to 15 percent, they can't sign a player for more than $300,000 in the next window.
***An overage of more than 15 percent triggers a $300,000 limit in the next two windows.
We'll be here all day discussing the signings as they happen. Many teams and players reached unofficial agreements months ago, so expect a lot of news today as the contracts become official.
Don't get discouraged if your team isn't one of the big spenders. Many of the top international prospects who have come through the minors recently were not huge bonus guys, with Oscar Taveras of the Cardinals, ($145,000), Gregory Polanco of the Pirates ($150,000), and Yordano Ventura of the Royals (a mere $28,000) being three good examples.