Yankees Sign Sanchez, Add Two Others

10:38am: McDaniel reports that the Yankees have indeed agreed to sign Arredondo for $850k. Osuna is "out of the picture," however, as the Yanks added righty Chris Cabrera for $400k.

9:54am: As expected, the Yankees have signed Dominican catcher Gary Sanchezaccording to Kiley McDaniel of Baseball Prospectus. Sanchez will receive a bonus of $3MM, but deferred payments bring the present value of the amount closer to $2.8MM. As Ben Badler points out, it's the biggest bonus the Yankees have ever awarded a hitter.

McDaniel hears that the Yankees will spend an additional $1MM on a shortstop and a pitcher. Damian Arredondo is expected to be the shortstop and some expect the pitcher to be Jose Osuna. If he signs, Arredondo would likely receive about $850k of the $1MM the Yankees are expected to spend on the pair of players.

A Look At The Mets’ Trade Chips

We know the Mets have holes in the rotation, infield and outfield since many of their stars are on the DL. So what kind of resources do they have in the minor leagues? Yahoo's Gordon Edes takes a closer look at the Mets' minor league system to see which players might be appealing trade chips:

  • The bottom line: the Mets don't have much to deal
  • Washington asked about Bobby Parnell in a deal for Nick Johnson, but the Mets are reluctant to deal their young reliever. 
  • One scout said Jonathon Niese and Eddie Kunz are the most interesting pieces in Triple A Buffalo, but even they need seasoning.  
  • Fernando Martinez is a top prospect, but they want to hold onto him.  
  • Deals for J.J. Putz and Johan Santana weakened the Mets' system, but they have a few promising players, like shortstop Wilmer Flores, in the lower minors. 

Twins Release Luis Ayala

The Twins released Luis Ayala after failing to trade him, according to La Velle E. Neal III of the Minneapolis Star Tribune. He was designated for assignment after struggling on the mound and failing to get along with manager Ron Gardenhire.

Ayala's name came up in trade talks with the Pirates, and there are indications that Eric Hinske was part of the discussions until he was dealt to the Yankees. Now that Ayala's a free agent he could sign on with one of the many teams seeking bullpen help, like the Rangers or Marlins.

Mets Sign Venezuelan Lefty Juan Urbina

The Mets signed Juan Urbina, a Venezuelan lefty, to a bonus worth more than $1MM, according to Kiley McDaniel of Baseball Prospectus. Urbina is the son of longtime major leaguer Ugueth Urbina.

We'll have all the big international signings here at MLBTR. If you're unsure about what it all means, check out this explanation of the international signing period, which begins today.

Stark On Dodgers, Giants, Brewers

In this ESPN Radio segment, Jayson Stark says the Dodgers will go after the best starting pitcher they can find. There's no elite starting pitching out there now, but Ned Colletti is looking to turn some up. Here are the rest of Stark's rumors:

  • The Giants need an impact hitter and they're "in on every bat out there."
  • Matt Holliday is not a likely fit for the Cardinals.  
  • Stark says Doug Davis is a good fit in Milwaukee.  
  • The Mets are more interested in left-handed first basemen, so Nick Johnson still looks like a good fit for them.
  • The Tigers are looking for a bat, The White Sox could add pitching and the Twins want relievers.

Rockies Rumors: ‘Pen, Atkins, Torrealba

Troy E. Renck of the Denver Post has the latest on the Rockies' search for a reliever and details on a couple trade chips:

  • The Rockies had interest in Joel Hanrahan before he was dealt to the Pirates.
  • They would love to reacquire LaTroy Hawkins, but he's not available now. 
  • The D'Backs would part with Chad Qualls.
  • The Padres are expected to move Cla Meredith 
  • Garrett Atkins could be moved and the Red Sox seem to be a logical fit, but a history of failed deals between the two sides could slow talks. The Red Sox have scouted Atkins, but their interest level isn't known.
  • Yorvit Torrealba's future remains uncertain and he says he'd like to remain in Colorado, though he realizes he might be dealt.

Brewers Rumors: Backe, Trade Market

Brewers GM Doug Melvin told Tom Haudricourt of the Milwaukee Journal Sentinel that he has no interest in Brandon Backe. Yesterday, Assistant GM Gord Ash said the Brewers would take a look, but the club decided to pass, partly because Backe has had health problems.

Melvin also repeated that Mat Gamel and Alcides Escobar aren't going anywhere. He'd rather hold onto his top young talent than make a move he later regrets.

MLB.com's Adam McCalvy hears from Melvin that there are fewer than ten teams that match up well with the Brewers. Melvin says it doesn't look like many impact players will be available, but says the market can change in no time.

Red Sox Sign Reymond Fuentes

WEEI.com's Alex Speier reports that the Red Sox have agreed to sign first round pick Reymond Fuentes to a bonus of $1.13MM. The deal is expected to become official later today.

Fuentes, who happens to be Carlos Beltran's cousin, is an outfielder who has drawn comparisons to Jacoby Ellsbury and Johnny Damon.

The deal's official, according to a team press release. The Red Sox also agreed to terms with four of their other selections, including fourth rounder Jeremy Hazelbaker.

Odds And Ends: Mariners, Webb, Donnelly

Some links for the afternoon…