The Cubs are expected to be big spenders on the International market in July and have already been connected to several of the top International prospects, including five of MLB.com’s top 30. If the numbers are correct, the Cubs are going to fly past their International signing bonus pool.
The Cubs are reportedly one of almost a dozen teams interested in 20-year old Cuban outfielder Eddy Julio Martinez. According to reports from Jesse Sanchez and Jeff Passan, the Cubs along with the Yankees, Angels, Braves, White Sox, Blue Jays, Nationals, Rockies, Tigers, Giants and Dodgers are in the mix for the Martinez.
According to Jesse Sanchez, the White Sox have “serious interest” in Martinez. The Southsiders have been following Martinez since 2011 and “closely the last three months.”
Jesse Sanchez reported last Thursday (May 14), Martinez worked out for 17 teams and several top executives in the Dominican Republic. Teams are doing their homework on Martinez. And Sanchez indicated members of the Giants front office were on hand Wednesday to watch Martinez.
Eddy Julio Martinez falls under the International signing guidelines. It’s unclear if he will sign with a team during the current signing period, which ends on June 15, or if he will wait until the 2015-16 signing period begins on July 2. The Cubs would be eligible to sign Martinez if he waits until July 2.
Martinez is expected to receive a hefty signing bonus. According to Jeff Passan, the signing bonus for Martinez could reach $10 million. And Kiley McDaniel reported it could take an eight-figure bonus for a team to sign him.
The information on Eddy Julio Martinez is very limited right now. But that should change in the coming days.
If the front office signs all of the players the Cubs have been connected to, the Cubs will be restricted to signing players to $300,000 for the next two signing periods and subject to 100 percent tax on the overage
Based on the information provided by Jeff Passan and Kiley McDaniel it will likely cost a team double the bonus Eddy Julio Martinez signs for in the very near future.
Between the First-Year Player Draft (June 8-10), the J2 signing period and the trade deadline, it is going to be an interesting two months for the Cubs.