The Yankees are expected to sign Dominican right-hander Rafael DePaula for about $700K later today, according to Melissa Segura of SI.com (on Twitter). He reappeared on the market a week ago after facing age and identity fraud questions for a year. MLB suspended him in 2009 and he later confessed to using a false identity.
If not for the suspension, DePaula would likely have signed for more, according to Segura. He turns 20 soon, so the Yankees may fast track his path through the minor leagues. (Twitter links).