Let TheYankees International Spending Spree Begin

As of midnight this morning the International spending period has begun so let the New York Yankees spending spree begin! The Yankees are expected to spend in upwards of $30 million this spending period including the fees and penalties associated with going over their allotment and spending cap.

The Yankees already have verbal agreements with shortstop Dermis Garcia is set to sign for $3.6 million, third basemen Nelson Gomez is set to sign a $2.8 million contract, and shortstop Christopher Torres is ready to sign for $2.6 million. All three players are 16 years old and from the Dominican Republic. The Yankees have reportedly agreed to other verbal agreements as well so stay tuned, it's going to be a fun one. 

Yankees Have Verbal Agreements w/ Three IFA's

The International spending signing period starts on July 2 and the Yankees are ahead of the game with three verbal agreements with international free agents already. As you remember the Yankees are said to be willing to go somewhere in the $25-$30 million range this season including penalties, which would blow their international spending cap out of the water.

Shortstop Dermis Garcia is set to sign for $3.6 million, third basemen Nelson Gomez is set to sign a $2.8 million contract, and shortstop Christopher Torres is ready to sign for $2.6 million. All three players are 16 years old and from the Dominican Republic.

Yankees International Spending Coming Into Focus

The international spending spree for the New York Yankees begins on July, 2 this year as the new international signing period begins. The Yankees have said that they plan to blow the international spending limit cap out of the water and spend somewhere in the $15-$20 million range this signing period and deal with the spending limitations and penalties for the next two seasons in hope for an International Draft to be implemented. The players and cash allotment are starting to come into focus according to Ben Badler who has the Yankees signing at least four players for $2 million or more this signing period.

The Yankees are said to have verbal deals with outfielder Juan De Leon, shortstop Dermis Garcia, third basemen Nelson Gomez, and shortstop Christopher Torres. All four players are 16 years old and coming out of the Dominican Republic. De Leon seems to be the Yankees top priority as he has the potential for plus power in the future and has great bat speed as a right handed hitter. Garcia has "some of the best raw power in the 2014 class," Nelson has shown good hands and a good glove along with some pop, and Torres is a switch hitting shortstop that screams Cito Culver to me.

Assuming all these deals get done that is only somewhere in the neighborhood of $9 million so if you believe the rumors the Yankees have plenty of money left for pitching. The Rays, Red Sox, and Brewers are following suit and are expected to spend heavily internationally this season, although not as much as New York. It's going to be an interesting couple of months in Yankee land and I personally cannot wait for July 2nd.