9:55pm: Sanchez provides another pair of updates (via Twitter), reporting that Puig has established residency in Mexico and MLB's investigation of the papers is believed to be complete. An issue with the Office of Foreign Assets Control (OFAC) is keeping Puig from free agency. It is expected to be resolved by July 2, and possibly even as soon as tomorrow.
June 25, 6:40pm: Sanchez tweets that Puig has not yet filed his Mexican residency papers to Major League Baseball. Those papers will need to be authenticated before Puig can be granted free agency, and the authentication process can take a week or longer according to Sanchez.
June 19: Cuban outfielder Yasiel Puig aims to become a free agent soon so that he can sign with an MLB team by July 2, when the spending restrictions in baseball’s new collective bargaining agreement take effect, MLB.com’s Jesse Sanchez reports. Puig has defected from Cuba and is in the process of establishing permanent residency in Mexico. Agent Jaime Torres says he hopes MLB will declare the 21-year-old a free agent once his residency has been established.
"We should all be on the same page by July 2nd in order to have the clubs evaluate him and sign a contract before the new rule kicks in," Torres told Sanchez.
Torres has tentatively scheduled a showcase for scouts in Mexico City later this week. Puig, a 6'3" 210 pound outfielder, has two seasons of experience in Cuba’s Serie Nacional. He’s more polished than Jorge Soler but less seasoned than Yoenis Cespedes, according to Sanchez. If MLB declares Puig a free agent in the coming days, he’ll be able to sign before July 2 and maximize his earnings.
Steve Adams contributed to this post.