8:03pm: Via Ben Badler, it’s a $4M bonus and Rodriguez needs to secure a visa before the deal can become official. Make sure you click the link, Badler provides plenty of background and scouting info.
2:31pm: Via Jesse Sanchez, the Yankees will sign 18-year-old Cuban left-hander Omar Luis Rodriguez for a bonus in the $4-5M range. It is a minor league contract. He became a free agent earlier this month and would have been subject to the spending restrictions implemented by the Collective Bargaining Agreement had he not signed by July 2nd.
Rodriguez first garnered serious attention at the World Junior Championships back in 2010, when he threw a complete game shutout against Team USA in the title game. He did get hit around while pitching in one of Cuba’s professional leagues as a 16-year-old a few years ago, but that’s not terribly surprising. Rodriguez is a projection guy with an 88-92 mph fastball to go with a curveball and changeup that still need development, and he’s drawn raves for his poise in the past. Pretty much exactly what the Yankees look for.