Moncada and the Blown opportunity

ESPN has reported that the Red Sox are near a deal to signing Yoan Moncada to a $30M signing bonus. Now I tip my cap to the Red Sox for taking the initiative to improve their team for the long haul. In the same breath I would like to condemn the passiveness of the Yankees front office, most notably Hal Steinbrenner and Brian Cashman. It is hard to fathom how the Yankees were too cheap to acquire top notch challenge.

Perhaps I am making it a big deal, as it would have been a hefty price to acquire the 19 year old Cuban infielder. I understand that a 100% tax is a tough thing to accept. At the same time however, the Boston Red Sox accepted that and signed Moncada. Now I am not jealous that the Red Sox got Moncada, I am just perplexed at how the Yankees allowed the opportunity presented to them to slip away. Now we have high expectations in New York, and we haven’t had a number one draft pick since 1991. That is 24 years for anyone who hasn’t taken the calculator out yet. The Yankees opportunities to sign number 1 pick caliber players is very limited, so when one shows up in free agency there is no reason not to exploit that. The Red Sox even termed the Yankees “The Evil Empire” for their ability to outspend every other team. So it is not like they didn’t have the financial resources to make it happen.

The other big piece of this that really irks me is that the Yankees will be unable to sign any international free agent for over 300k (300,000) for the next two signing periods. In simple terms that means by whiffing on Moncada the Yankees will still be unable to compete for future young talent internationally. Another part about this is that the bonus can be paid in up to 3 years. Giving Moncada a little over $10M for the next 3 years in nothing in comparison to the other current contracts that  the Yankees are receiving no value out of. Just think about C.C., Texeira, A-Rod, just to name a few players that the Yankees are overpaying.

Just take a look at what was in Bleacher Report: “Yankees offered $25M with willingness to go to $27M which is same offered Jorge Soler who went to Cubs for $30M,” Sherman noted. He went on to compare Moncada’s reported deal to Alex Rodriguez’s remaining contract: “So with tax, Redsox will pay $63M to Moncada or about what Yankees owe A-Rod ($61M) for the next 3 yrs.”

I mean come one Cashman, you gave Chris Capuano a $5 million contract but couldn’t give Moncada the extra $5 million needed to sign him. Oh George please enlighten these poor business men on the utter failure that just occurred. Maybe they should be sent down to Single-A. Who knows maybe they will get to see Moncada again there…

Cashnumb at his next press conference.Here is Cashnumb at his next press conference. 

Yoan Moncada to the Yankees?

Today was the 3rd workout that 19 year old Cuban player Yoan Moncada have with the New York Yankees. You can tell the Yankees want him, they have him working out every day like he is part of the spring training roster already. In this workout though, there was a special visitor watching. That would be Yankees owner Hal Steinbrenner. Now Hal is a really important piece if the Yankees do aggressively pursue Moncada. Yoan Moncada is expected to get a signing bonus north of $30M, and since the Yankees went over their international bonus they would have to pay a 100% tax. In addition, being over means they can’t sign any international player for over 300,000 in the next 2 years. If the Yankees are going to miss out on other top Cuban players over the next 2 seasons, it is best to sign as many talented international players as they can.

Moncada will be a very pricey move for just about every organization interested in him. Similar to how Tanaka was for the Yankees last year. Last year the Yankees paid a $25M posting fee to Tanaka’s former team and then signed Tanaka to a 7 year $175M deal. With Yoan Moncada though, he will likely begin his career in Single-A or Double-A. If he was eligible for the draft it is said that he would easily go number 1 overall. Moncada might be expensive, but the opportunity for the Yankees to sign a good international is dwindling. The franchise is famous for going after the big time names available, why not add a young promising 19 year old to the list.