JULY 24th, 6:08pm: The O's confirmed the signing via press release.
JULY 18th, 3:41pm: The Orioles have agreed to terms on a deal with 24-year-old Cuban outfield prospect Dariel Alvarez for $800K, according to Jesse Sanchez of MLB.com. Because Alvarez is older than 23 and has more than three years of professional experience, he is not subject to the new international signing guidelines laid out in the most recent Collective Bargaining Agreement. Alvarez is in Miami and waiting on the results of his physical, which will make the deal official.
Alvarez defected from the Cuban National Team in January and was cleared to sign with MLB teams a month later, though a change in agents held up his journey to MLB. Alvarez tells Sanchez that he is "very happy to get [his] career going" and will report to whatever level the Orioles see fit. The Cardinals were said to be keeping tabs on Alvarez over the winter, and there were also some conflicting reports as to whether or not the Twins were in the mix.
Over the winter, Sanchez reported that 6'2", 190-pound Alvarez is capable of playing all three outfield positions and possesses a strong throwing arm. The bonus he received is a fraction of the sum that the A's and Dodgers gave Yoenis Cespedes and Yasiel Puig on their multi-year contracts.