Yoan Moncada signs with Red Sox($30 Million)

[Red(s)HawksFan]

It doesn't affect the luxury tax. His affect on the luxury tax will be his pay when he makes it to the majors, and he'll be paid like any other promoted prospect.

 
Assuming his contract is a major league one (like most of these Cuban defectors' deals have been) and he's on the 40-man roster, his contract will count against the luxury tax the moment it is signed. The penalties the team pays for exceeding the international bonus limits won't count.

 

[theapportioner]

It doesn't affect the luxury tax. His affect on the luxury tax will be his pay when he makes it to the majors, and he'll be paid like any other promoted prospect.

For these guys, if the Sox are above the luxury tax when he comes up, they'll be essentially double penalized then?

 

[Bowlerman9]

 
Assuming his contract is a major league one (like most of these Cuban defectors' deals have been) and he's on the 40-man roster, his contract will count against the luxury tax the moment it is signed. The penalties the team pays for exceeding the international bonus limits won't count.

 
It is a minor league contract. As a 19 year old international FA, he cannot sign a major league contract.

 

[Rasputin]

 
Assuming his contract is a major league one (like most of these Cuban defectors' deals have been) and he's on the 40-man roster, his contract will count against the luxury tax the moment it is signed. The penalties the team pays for exceeding the international bonus limits won't count.

 
Didn't I read in multiple places that no team could offer him a major league contract?

 

[Red(s)HawksFan]

 
It is a minor league contract. As a 19 year old international FA, he cannot sign a major league contract.

 

 
Didn't I read in multiple places that no team could offer him a major league contract?

 
If that's the case, I stand corrected.  I'm only going on the assumption that his deal would be like Castillo, Iglesias, Abreu, Cespedes, etc.

 

[EricFeczko]

Wow. Terrific signing.
 
Given the hype, I'm sort of surprised that 30 million ended up being the highest bid. Unfortunately, I know nothing of Cuban baseball, so I have no clue why the bids might be so low, especially considering how well recent cuban position players have adjusted to the MLB, and that the monies are separate from payroll concerns (unlike with Castillo, Puig, etc.).

 

[flymrfreakjar]

I believe I read that you need to be at least 22 to get a major league deal.

 

[Darnell's Son]

 
 
If that's the case, I stand corrected.  I'm only going on the assumption that his deal would be like Castillo, Iglesias, Abreu, Cespedes, etc.

He either had to be 23 or have had played 5 years in a professional league to be offered a major league contract.

 

[LahoudOrBillyC]

So, since last year's white flag at the trading deadline, the Red Sox have brought in Castillo, Sandoval, Ramirez, Porcello, Miley, Masterson and Moncada and given up a few B prospects.  Ship righted?

 

[Rasputin]

So, since last year's white flag at the trading deadline, the Red Sox have brought in Castillo, Sandoval, Ramirez, Porcello, Miley, Masterson and Moncada and given up a few B prospects.  Ship righted?

 
The ship was never not right, so no.

 

[E5 Yaz]

Luis! Luis! Luis!
 

FORT MYERS, Fla. -- Luis Tiant, the Red Sox Hall of Famer and Cuban legend, said he found out countryman Yoan Moncada was signing with the Red Sox on Sunday night, when he received a call from Ray Negron, his friend and special consultant to the Yankees, another team that went hard after the 19-year-old infielder.

"Ray said, ‘He’s going to sign with you guys because of you,'" Tiant said.

 
http://espn.go.com/blog/boston/red-sox/post/_/id/41807/sox-great-tiant-helped-recruit-moncada?ex_cid=espnapi_public

 

[OCD SS]

So, since last year's white flag at the trading deadline, the Red Sox have brought in Castillo, Sandoval, Ramirez, Porcello, Miley, Masterson and Moncada and given up a few B prospects.  Ship righted?

Maybe on paper. Proof is still on the feild, but surly an A for effort.

 

[Darnell's Son]

Luis! Luis! Luis!
 
 
http://espn.go.com/blog/boston/red-sox/post/_/id/41807/sox-great-tiant-helped-recruit-moncada?ex_cid=espnapi_public

Right, the highest bid had nothing to do with it.

 

[EricFeczko]

So, since last year's white flag at the trading deadline, the Red Sox have brought in Castillo, Sandoval, Ramirez, Porcello, Miley, Masterson and Moncada and given up a few B prospects.  Ship righted?

I don't want to start a conversation here about last year; but I would argue that the failure of last year had more to do with bad breaks than poor planning coupled with a tight AL East.
 
The ship wasn't righted, it has been reconstructed with an adamantium hull.

 

[E5 Yaz]

Right, the highest bid had nothing to do with it.

 
Perhaps, but can't we take 5 minutes to appreciate the gem that is Luis Tiant without playing Internet Tough Guy Schmuck?

 

[Darnell's Son]

 
Perhaps, but can't we take 5 minutes to appreciate the gem that is Luis Tiant without playing Internet Tough Guy Schmuck?

I guess

 

[PrometheusWakefield]

What gets me about this signing is how thoroughly unnecessary it is. We now habe Boegarts, Pedroia, Betts, Marrero and yes even Hanley as plausible middle infielders in 2016. Our infield depth is beginning to rival our insane outfield depth. Is ridiculous depth at every position the new market efficiency?

Not that I don't totally love it of course. Still I wonder if we should revisit the idea of a Betts for Strasburg deal.

 

[Rasputin]

Is it wrong that my binkie list is now almost an entire lineup? Bogaerts, Betts, Bradley, Devers, Margot, Swihart, Moncada.

 

[Green Monster]

 
FORT MYERS, Fla. -- Luis Tiant, the Red Sox Hall of Famer and Cuban legend, said he found out countryman Yoan Moncada was signing with the Red Sox on Sunday night, when he received a call from Ray Negron, his friend and special consultant to the Yankees, another team that went hard after the 19-year-old infielder.

"Ray said, ‘He’s going to sign with you guys because of you,'" Tiant said.

 
Give that Man a Cigar!!

 

[Savin Hillbilly]

Is it wrong that my binkie list is now almost an entire lineup? Bogaerts, Betts, Bradley, Devers, Margot, Swihart, Moncada.

 
Ages in 2018: 26, 25, 28, 21, 23, 25, 22.
 
It is to drool.

 

[soxhop411]

http://insider.espn.go.com/blog/keith-law/post?id=3624&ex_cid=InsiderTwitter_Law_MoncadaReax

summary anyone?

 

[YTF]

On lunch here and haven't been able to sift through the entire thread, but a couple pages in and no mention of length of contract that I could see. Anyone have anything to offer here?

 

[Bowlerman9]

On lunch here and haven't been able to sift through the entire thread, but a couple pages in and no mention of length of contract that I could see. Anyone have anything to offer here?

 
Minor league contract. Still maintain 6 years of major league control.

 

[steveluck7]

On lunch here and haven't been able to sift through the entire thread, but a couple pages in and no mention of length of contract that I could see. Anyone have anything to offer here?

It's not a ML deal so they control him for 6 years once he gets to Boston

 

[Red(s)HawksFan]

On lunch here and haven't been able to sift through the entire thread, but a couple pages in and no mention of length of contract that I could see. Anyone have anything to offer here?

 
Apparently, the contract would be a standard minor league deal, so they'd have him for up to five years as a minor leaguer (barring being added to the 40-man sooner) and then once on the 40-man roster, he'd have 3 options and 6 years of big league control.

 

[grimshaw]

I would think these recent last place finishes are going to be the outliers long term (duh).  With fewer teams pooping up their draft picks now, it is going to get progressively more difficult to get the elite guys at the top without being a miserable baseball team.  I'm loving how they just keep hoarding talent despite that without laying out an obvious plan to other organizations to which of their guys are available.  They aren't going to be backed into a corner to overpay for anyone.

 

[YTF]

Thanks fellas wasn't quite sure being an FA signing.

 

[AB in DC]

 


 


http://m.mlb.com/news/article/110016130/red-sox-agree-to-terms-with-yoan-moncada
Because he is not yet 23 years old and did not play in a Cuban professional league for at least five seasons, Moncada is subject to Major League Baseball's international signing guidelines, under which each team is allotted $700,000 and an additional bonus pool based on the team's record the previous year to be used during the international signing period. The current period started July 2 and ends on June 15.
According to those guidelines, clubs are penalized during the upcoming 2015-16 signing period if they exceed their bonus pools by certain amounts. The Red Sox had already exceeded their bonus pool before this signing and been given the maximum penalty. It's a severe measure that includes a 100-percent tax on their pool overage and prohibits them from signing any pool-eligible player for more than $300,000 during the next two signing periods. Including the penalty for exceeding their bonus pool, Moncada's deal will cost the Red Sox approximately $60 million -- the bonus plus the penalty.

 
So no more big international signings until 2018?

 

[Mike F]

 
Where are the wanks worried about Liverpool taking his time and money away from the Sox now?

They are complaining that spending money on
Red Sox Int signees prevent Liverpool from resigning Steven Garrard

 

[RedOctober3829]

I have lots of Yankees fans calling the Red Sox the "Boston Yankees".  The tears are glorious especially when I remind them they have $180 million committed next year and almost $100 in 2017 and 18.

 

[Darnell's Son]

 
So no more big international signings until 2018?

There will likely be an international draft by then, and the Red Sox were already over the bonus pool. Moncada was most likely the team's last chance to flex their financial muscle in that talent pool.

 

[EricFeczko]

Is it wrong that my binkie list is now almost an entire lineup? Bogaerts, Betts, Bradley, Devers, Margot, Swihart, Moncada.

Absolutely not.
 
As an aside, I love how the Sox are piling on high-quality position player depth. Position players are a better bet to stay healthy than pitchers, making them a better bet to retain potential value than high-quality pitching.

 

[ZMart100]

http://insider.espn.go.com/blog/keith-law/post?id=3624&ex_cid=InsiderTwitter_Law_MoncadaReax

summary anyone?

Moncada adds to a deep system. He could play 3rd. His signing with the Red Sox keeps him away from the Yankees and may force them to look at Ibanez or Olivera. This signing makes an international draft more likely.

 

[Buckner's Boots]

Four hours? What are you supposed to tell your doctor if you've had an erection for four months?
 
This has been a very nice offseason.

 

[jimbobim]

http://www.baseballamerica.com/international/yoan-moncada-agrees-sign-with-red-sox/
 
I know the above has already been linked, but do yourself a favor and watch the video which I hadn't done before . He is a man child. 

 

[LahoudOrBillyC]

If it is true that Moncada is now the #10 prospect in baseball, here is a list of other BA #10s in the past 25 years.  A lot of Red Sox represented here.
 
2014  Gregory Polanco
2013  Byron Buxton
2012  Dylan Bundy
2011  Wil Myers
2010  Carlos Santana
2009  Neftali Feliz
2008  David Price
2007  Andrew Miller
2006  Matt Cain
2005  Hanley Ramirez
2004  Prince Fielder
2003  Francisco Rodriguez
2002  Mark Teixeira
2001  Nick Johnson
2000  John Patterson
1999  Matt Clement
1998  Miguel Tejada
1997  Nomar Garciaparra
1996  Ben Davis
1995  Ben Grieve
1994  Jose Silva
1993  Tyrone Hill
1992  Pedro Martinez
1991  Mo Vaughn
1990  Jose Offerman

 

[Bigpupp]

 
So no more big international signings until 2018?

No one under 23 unless they have more than 5 years pro experience.

 

[Ed Hillel]

Right, the highest bid had nothing to do with it.

 
Apparently the Dodgers offered the most (35-37), but wanted him to wait until June 2 to sigh to avoid the tax hit.
 
http://www.mlbtraderumors.com/los-angeles-dodgers

 

[soxhop411]

@NEPD_Loyko: Took @FelgerAndMazz 7 minutes to say Yoan Moncada is on Steroids.

 

[Joshv02]

 
So no more big international signings until 2018?

 July 2, 2017 -- the are out out of >$300k signings for the 2015-2016, and 2016-2017 signing periods.  (Signing pool penalties will carry over to slightly different penalties a draft, so merely haven't a draft does not rectify everything.)
 
edit: but that was the case before Moncada anyway, fwiw.

 

[FinanceAdvice]

 
Bogaerts, at 21 years of age, finished 16th among qualified MLB SS with a .660 ops.  He wasn't great.  He wasn't even very good.  And he was disappointing considering the expectations we had of him.
 
And the last month of the year, in 25 games, he put up a .320/.324/.500/.824 line, with 4 homers and 16 rbi.  So perhaps he was really starting to get it.  (or maybe it's just SSS…who knows)
 
Anyway, I wouldn't consider it to be a "colossal failure".

I'm still very high on Bogaerts.  I think his approach will be better (i.e. not trying to rake off the Green Monster) and I believe that now  he sees the Sox seeing him as afull time SS will help him immensely.  I think his suffering last year was trying to pull the ball to the monster and not knowing where he'd play  IF.

 

[Ed Hillel]

@NEPD_Loyko: Took @FelgerAndMazz 7 minutes to say Yoan Moncada is on Steroids.

 
I don't listen to this clownshoes, so I'm not sure how he said it (I'm sure it was way over the cop), but I think it's a legitimate question. Not just because it's unregulated where he's coming from, but because the guy is absolutely freaky jacked for a 19 year old. Linked rather than embedded for size:
 
https://cdn3.vox-cdn.com/thumbor/An6HAdC2pE3Jo8RYJ6Z7q-HoJhI=/0x6:640x366/1600x900/cdn0.vox-cdn.com/uploads/chorus_image/image/45689444/Yoan-Moncada-001.0.0.jpg

 

[In my lifetime]

There will likely be an international draft by then, and the Red Sox were already over the bonus pool. Moncada was most likely the team's last chance to flex their financial muscle in that talent pool.

 
And I think this is exactly why the RS made this move.  This was their last chance before an international draft is initiated.

 

[Cumberland Blues]

 
Apparently the Dodgers offered the most (35-37), but wanted him to wait until June 2 to sigh to avoid the tax hit.
 
http://www.mlbtraderumors.com/los-angeles-dodgers

 
The Dodgers needed him to wait until July 2 because they are barred from $250K+ signings for this period (as were the Cubs). 

 

[soxhop411]

@Sean_McAdam: Industry source: completion, confirmation of deal with Moncada likely a few days away. Will remain in minor league camp when he arrives.


@Sean_McAdam: More on Moncada: will likely begin his pro career at Single A level. #RedSoxTalk

 

[RedOctober3829]

@Sean_McAdam: Industry source: completion, confirmation of deal with Moncada likely a few days away. Will remain in minor league camp when he arrives.


@Sean_McAdam: More on Moncada: will likely begin his pro career at Single A level. #RedSoxTalk

Yes, he'll probably play in Salem to start the year then progress from there.  Would love to see him up in Portland this summer.

 

[Green Monster]

Will his signing have any impact on the 40man roster?

 

[Darnell's Son]

Will his signing have any impact on the 40man roster?

No, it's a minor league signing.

 

[Plympton91]

No one under 23 unless they have more than 5 years pro experience.

If relations with Cuba really do move toward normalization, there'll be a lot of those types coming over in the next 2 years as well. Not sure where the Red Sox would play anymore position players, but certainly they have room in the rotation and bullpen for some Cuban arms.

 

[wade boggs chicken dinner]

What a great signing.  I hope the Sox can create a dynasty that lasts until the next structural change in baseball occurs.
 

 July 2, 2017 -- the are out out of >$300k signings for the 2015-2016, and 2016-2017 signing periods.  (Signing pool penalties will carry over to slightly different penalties a draft, so merely haven't a draft does not rectify everything.)
 
edit: but that was the case before Moncada anyway, fwiw.

 
Red Sox are out of the >$300K signings until the earlier of the imposition of a Int'l FA draft or July 2017.  With the $30M tax penalty, MLB can do a lot to get that draft up and running.
 
As for the MFYs, I just cannot understand the logic that spens $175M on Tanaka but only $27M on Moncada.  And if they were able to spread the signing bonus over three years, why didn't they just defer most of the bonus to the second and third years?  Whatever the thinking, I am happy they lost.  For the next couple of years, they will be reduced to giving out long and expensive contracts for over 30 free agents to try to acquire talent.