As expected, the Yanks officially signed Dominican catcher Gary Sanchez to a contract that includes a $3M signing bonus today. It’s the largest bonus the Yanks have aver given to an amateur hitter, draft included, eclipsing the $2.44M they gave Wily Mo Pena back in the day. Kiley McDaniel at Baseball Prospectus says the Yanks will spend $4.25M total this signing period, probably landing just three players. Ben Badler tweets that the Yanks signed Dominican righthander Christopher Cabrera for $400k, while Jorge Arangure says Dominican shortstop Damian Arredondo will get $850k out of the Bombers.
Three players isn’t a whole lot, but McDaniel says those will be the Yanks only signings today. Badler compared the international market to electronics, saying you could get the big new thing now for lots of money, or wait a little while and get the same thing for half the price. Hopefully this is the route the Yanks go. For reference, the Yanks signed nine players in 2007 and at least five players last year.