Moncada still not cleared, plans to hold workouts this month
Cuban prospect Yoan Moncada still has not been cleared by the U.S. Department of the Treasury’s Office of Foreign Assets Control to sign with a Major League team, according to Jesse Sanchez of MLB.com. Sanchez adds that Moncada has plans to hold seven private workouts this month with undisclosed teams.
The Yankees and Red Sox were recently mentioned by Fangraphs’ Kiley McDaniel as the “heavy favorites” to ultimately sign the 19-year-old middle infielder, who can also play third base. Moncada is considered one of the most highly-touted international prospects in the game right now, with Sanchez listing him as the top Cuban player to keep an eye on.
One thing to keep in mind, however, is that Moncada is subject to international signing guidelines, due to the fact that he is under 23 and did not play in a Cuban professional league for at least five seasons. In accordance with the Collective Bargaining Agreement, each team is allotted a $700,000 base and a bonus pool based on the team’s 2013 record during the international signing period, which started on July 2. Both the Yankees and Red Sox are in the maximum penalty range for the 2014-15 international signing period, which prohibits them from signing any player for more than $300,000 during the next two signing periods.
Considering Moncada is expected to ultimately land a substantial contract, neither the Yankees nor the Red Sox would be able to sign Moncada if he does not become eligible to sign before June 15 — though there is nothing to suggest that will happen at this point.
— Paul Casella