Details On The Runners Up For Yoan Moncada

Earlier this morning, the Red Sox reportedly struck an agreement with Cuban phenom Yoan Moncada, landing the 19-year-old switch-hitter with a $31.5MM signing bonus that will cost the team $63MM due to the 100 percent luxury tax it faces for exceeding its international bonus pool. Joel Sherman of the New York Post tweeted shortly after the agreement was struck that the Yankees offered $25MM with a willingness to go to $27MM. Here are some more details on the tail end of a free agency that resulted in the largest signing bonus an international amateur has ever received…

• The Dodgers never actually made a formal offer for Moncada, GM Farhan Zaidi tells Pedro Moura of the Orange County Register (Twitter links). Though general terms were discussed, the GM explained that Los Angeles weighed other considerations that tempered its interest: “There’s a lot of talent coming July 2. The calculus of that was a big part of our equation.”
• Steinbrenner was “not the reason” that the Yankees didn’t go higher for Moncada, Matthews tweets, reversing his earlier report (see below).

Earlier Updates

• The Yankees, Red Sox and Brewers were the three finalists for Moncada, tweets Sherman. However, the Dodgers may have offered the most money, but it came with a price; L.A. was willing to go to $35MM on the condition that Moncada wait until July 2 in order to sign. Doing so would have given the Dodgers unrestricted spending next period, giving them a shot at all the top prospects on the market without the Yankees and Red Sox to compete against. It’s also been reported that Yadier Alvares can’t sign before July 2, so the Dodgers likely could have made a run at both.
• Indeed, Sherman tweets that the Dodgers are waiting until the new signing period begins on July 2 to spend significantly, and they plan to be very aggressive when that time comes.
• Yankees GM Brian Cashman badly wanted to sign Moncada, tweets Wallace Matthews of ESPN New York, but he couldn’t convince owner Hal Steinbrenner to spend any more than the reported $27MM figure. The GM told reporters, including MLB.com’s Bryan Hoch (Twitter link), that New York was asked to make its best offer yesterday. He was subsequently informed that it was not sufficient.
• There was “a feeling from some” that Moncada wanted to end up with the Yankees, but the team simply viewed it as too risky to spend $60-70MM on a prospect, reports Andrew Marchand of ESPN New York (All Twitter links). The Yankees feel that they can buy a proven Major Leaguer with that type of money in the future, and the Red Sox ultimately valued him more, Marchand adds.
• Jeff Passan of Yahoo Sports writes that the Padres were also considered finalists along with the four teams mentioned by Sherman. One team involved in the bidding, Passan adds, was so confident in Moncada’s abilities that they believed him to be capable of jumping directly into the Majors. Instead, he’ll head to the lower levels of Boston’s minor league system.
• Via MLB.com’s Adam McCalvy and Tom Haudricourt of the Milwaukee Journal-Sentinel (Twitter links), the Brewers’ interest in Moncada was sincere. GM Doug Melvin believes that he was the first of any GM to submit a formal offer, but the team learned quickly that they wouldn’t be able to sign Moncada
• Ben Badler of Baseball America notes (Twitter links) that some of the biggest winners in this scenario are Hector Olivera and next signing period’s crop of international amateurs. As Badlery points out, Olivera is being pursued by a number of teams who were also interested in Moncada, but the Red Sox aren’t involved in his market. Moncada signing with Boston means that Olivera didn’t lose a suitor. As for the rest of the international amateurs, they and their trainers are rejoicing, Badler says. The Red Sox were already over their bonus pool, so Moncada signing with them prevents another team (e.g. the Dodgers or Brewers) from going over their pool, giving the next wave of players another suitor.