Cuba's Yoan Moncada cleared

Discussion in 'Other Baseball' started by truebluefan, Nov 17, 2014.

  1. truebluefan

    truebluefan Administrator Staff Member Administrator

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    Cuban infielder Yoan Moncada, who left the country with the government's permission earlier this year, has been cleared by Major League Baseball to sign as a free agent, a source confirmed Saturday.

    Moncada still must be cleared by the Office of Foreign Assets Control before he will be eligible to sign and begin his professional career.

    MLB.com earlier reported Moncada's clearance.

    Moncada, 19, is considered by major league scouts to be one of the best prospects to come out of Cuba. Under the terms of the current collective bargaining agreement between MLB and the players' union, however, he will be treated as an amateur free agent rather than a professional, as Yasiel Puig and Jose Abreu were.

    Any major league team that signs Moncada must do so out of its July 2 budget for international free agents, and will pay a penalty of 100 percent on any amount paid to Moncada over that team's fixed budget amount. With the bonus paid to Moncada expected to exceed $30 million, the team that signs him would thus pay nearly $60 million in salary and penalties and would be proscribed from signing any July 2 (international) amateur free agent for the next two years for over $300,000.

    Read more http://espn.go.com/mlb/story/_/id/11880509/cuban-prospect-yoan-moncada-cleared-free-agency
     

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