Thursday, August 1, 2013

Yankees Sign Leonardo Molina For $1,400,000

The Yankees have signed International Free Agent Leonardo Molina to a $1,400,000 deal to bring him into the Yankees organization. Today is his 16th birthday and the new CBA states that IFA's cannot sign before their 16th birthday so that is what caused the almost month delay on signing Molina. Molina was ranked as the fifth best IFA prospect by Baseball America and stand 6'2" and 165 lbs as a center fielder. Unfortunately he is not related to the catching trio Molina brothers but is still considered to be the best athlete in Central America so this is an exciting sign for the Yanks.

The Yankees have signed both Molina and Yonauris Rodriguez and find themselves $72,100 over their IFA cap set forth by MLB of $1,877,900. The Yankees have an opportunity to trade for IFA pool money but if they do not they will have to pay a 75% tax on the little over $72 K for an additional fee of $54,075.

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Sorry for the Capatcha... Blame the Russians :)