Yankees spent close to $3M on international players in 2011

The Yankees have traditionally been one of the biggest spenders on the international market, but last year they only spent approximately $2.93M on players according to Ben Balder. That ranks 11th out of the 30 teams. The Rangers were by far the biggest spenders last year at $12.83M, with most of it going to two outfielders: Nomar Mazara ($4.95M) and Ronald Guzman ($3.45M). Those are the first and third largest bonuses in history. The Yankees top signing was Dominican third baseman Miguel Andujar at $750k.

Thanks to the new Collective Bargaining Agreement, every team will be allowed to spend just $2.9M on international free agents in 2012 starting July 2nd. The spending pool will be based on winning percentage starting in 2013, with the good clubs getting the least amount of money to spend. Once a team exceeds their spending pool, they lose future international free agent money. Cuban outfielder Jorge Soler can sign for any amount prior to July 2nd, and it sounds like he’s going to get close to $20M, if not more.