Omar Luis Rodriguez Rumors

Yankees To Sign Omar Luis Rodriguez

4:23pm: The left-hander will obtain a $4MM bonus, Ben Badler of Baseball America reports. He has five pitches, including a fastball that ranges from 86-92 mph, and a competitive approach.

1:09pm: The Yankees have agreed to sign Cuban left-hander Omar Luis Rodriguez to a minor league deal worth an estimated $4-5MM,'s Jesse Sanchez reports (on Twitter). Rodriguez, 19, drew interest from several MLB teams, including the Dodgers, Royals and Phillies, Sanchez reported two days ago.

Rodriguez projects as a starter and impressed onlookers with his performance at the 2010 World Junior Baseball Championship, according to Sanchez. MLB declared Rodriguez a free agent earlier in June. Like Jorge Soler and others, he had until July 2 to sign without being subjected to the spending restrictions that will soon take effect under baseball's collective bargaining agreement.