The Pirates officially signed Mexican pitching prospect Luis Heredia for $2.6MM, according to Dejan Kovacevic of the Pittsburgh Post-Gazette. It’s the biggest bonus the Pirates have ever given an international amateur.
Heredia’s former team, Veracruz, will keep 75% of the bonus ($1.95MM) and Heredia will keep 25% ($650K). The 16-year-old right-hander already passed a physical and completed the agreement with the Pirates, though the sides have not yet officially signed the deal.
Many teams were interested in Heredia and it appeared in July that the Blue Jays had offered him $2.8MM. However, the Pirates' offer was competitive and Pittsburgh has long-standing connections to Veracruz and Heredia himself. It's been a breakthrough week for the Pirates, who signed right-handers Jameson Taillon and Stetson Allie before Monday night's deadline to come to terms with picks.