The Cubs have reached agreement with Cuban outfield prospect Eddy Julio Martinez, MLB.com’s Jesse Sanchez reports on Twitter. He’ll receive the $3MM bonus that he was reportedly seeking.
Martinez, 20, had been said to be in agreement with the Giants earlier in the week. The $2.5MM deal was said to be complete pending only a physical, with San Francisco GM Bobby Evans acknowledging it to the press. But things fell apart, apparently for financial reasons, as Sanchez reported that that the youngster was looking for a $3MM bonus.
Chicago swooped in to meet that asking price, adding him to an already-loaded class of international signings. The Cubs, like the Giants had previously committed to spending well past their overall pool allocation, meaning that they were already set to face a two-year ban on $300K+ signings. Adding Martinez did nothing to impact that, though the club will pay a 100% overage tax on his bonus.
We’ve heard some varying opinions on Martinez’s outlook over the last several months, but all agree that he is a legitimate prospect with a good hit tool and excellent speed. The questions are about his power potential and ability to handle center field in the long run. Read more on the BHSC client from Sanchez and Ben Badler of Baseball America (subscription required and recommended).