Latest On Cuban Market

With the crop of six-year service time free agents thinning noticeably, attention has turned to the fascinating group of players readying to sign after leaving their native Cuba. Kiley McDaniel of Fangraphs has been among the most active observers on this still-developing segment of the market, and delivers a host of interesting information in his latest post on the subject.

While I recommend a full read of his work, here are some highlights:

• Hector Olivera is the lone name who figures to have immediate impact. (Fellow middle infielder Jose Fernandez reportedly remains in Cuba after having been thought to have left with intentions of seeking a MLB deal.) McDaniel agrees with Baseball America’s Ben Badler that Olivera has the potential for immediate impact, but says there are significant doubts about his long-term prospects. For one, Olivera’s medical history is not just limited to sports injuries, but includes a significant case of thrombosis. Then, there is the fact that Olivera’s age cannot be confirmed with certainty and even some indications that scouts are questioning why he is “fatigued earlier in workouts than an athlete of his size, strength and age should.”
• Ultimately, McDaniel concurs with Badler that Olivera is seeking and could obtain a $10MM+ annual guarantee. But McDaniel cautions that he expects it to run over just two or three seasons (with an outside chance at a fourth guaranteed year) with options and incentives included.
• The other name making noise at the recent international showcase was Cuban righty Yadier Alvarez, who McDaniel has in the mid-to-upper 90s with a plus slider and promising change. The rest of the package checks out for his age, with McDaniel saying that Alvarez’s raw talent and progress to date is on the same level as the very best high school arms entering the draft. Alvarez expects to have him ready to sign in the next month or two and does not seem inclined to wait for the market to turn over on July 2nd, which would mean the Cubs and Rangers would not be eligible to sign him. (Should he wait to sign, Alvarez would lose the Yankees, Red Sox, Rays, D’backs, and Angels as potential suitors.) While this particular market is in the very earliest stages of development, McDaniel says that Alvarez is plainly superior to Yoan Lopez, who just got a $8.25MM bonus from Arizona.
• McDaniel also provides an update on 21-year-old infielder Andy Ibanez, who is seemingly no longer showcasing. That could mean that he is in the process of (or will soon be) sorting through offers. While the demand side of the equation is hard to peg in his case, McDaniel says he expects one of the bonus-busting teams listed above to land him at a potential cost of between $5MM to $12MM.
• The most exciting name out there remains Yoan Moncada. Though there is not much new to pass on in his case, Badler does present some video of Moncada’s past plate appearances against several notable young arms. One executive tells Ken Rosenthal of FOX Sports (Twitter links) that the bidding on Moncada could reach nine figures in terms of total investment (given the near-100% tax for signing him). Rosenthal also says that the Moncada case may be a catalyst for debate on the issue of how amateur rights are secured.