The Yankees have signed outfielder Frederick Cuevas to a $300,000 contract and shortstop Diego Castillo to a $750,000 contract. Cuevas is just a 16 year old from the Dominican Republic. He’s a 5’11 185lb lefty with power to the gaps. While he currently isn’t seen as a top tier prospect, a lot can change as he gets older and continues to grow. Castillo, on the other hand, is the #24th ranked prospect internationally. The Yankees had been linked to him as early as February. Also 16, Castillo is 5’11 150, and has a solid righty swing, especially for someone his age. Castillo is a player that can really bloom into a top Yankee prospect in a few years.
The international free agent signing period began this morning at 9 A.M. and the Yankees are coming out of the gate strong. The Yankees can spend just north of $2 million without penalty, but they may be prepared to spend upwards of $18 million. The penalties are high, much more so than exceeding the luxury tax. Additionally, it can impact the amount they will be allowed to spend on players next season. However, with reports of the Yankees preparing to spend big internationally this summer, expect the signings to continue.