The bidding for Yoenis Cespedes can finally begin.
The 26-year-old Cuban outfielder has established residency in the Dominican Republic, and Major League Baseball told teams on Wednesday that he is now officially a free agent.
But where will he go, how much will he cost, and how fast could he make an impact?
First, the where: Cespedes himself told reporters in the Dominican that the Cubs have shown the most interest in him, with the Marlins, Tigers, White Sox and Orioles also involved. The Nationals have also shown interest in Cespedes, and the Yankees, Red Sox and Phillies scouted him, although it's believed that none of the three will be among the top bidders.
The Marlins have made no secret of their interest, but according to sources, Cespedes has told other teams that he would prefer not to play in Miami. He plans to make his home in the Dominican, rather than in Florida, and may believe that the huge Cuban community in South Florida would add too much pressure and too many distractions.
The Tigers have long been interested, with general manager Dave Dombrowski making a surprising trip to the Dominican Republic to see Cespedes for himself. But Detroit's resources for signing Cespedes could be more limited after signing Prince Fielder to a nine-year, $214 million contract.
How much will Cespedes cost? No one seems to know for sure, but many teams have been in contact with agent Adam Katz, and it seems clear that he'll get more than the $30 million that the Reds paid for Aroldis Chapman.
How fast does he make an impact? Several of the teams that have scouted Cespedes heavily believe that he would be best served by beginning 2012 in the minor leagues. Given his age and the amount of money he'll likely cost, there will be pressure to move him to the big leagues fast, however.
Cespedes is described by those who like him as a Bo Jackson type, with an unusual combination of speed and power.
Cespedes may not have helped his value by playing briefly and ineffectively in the Dominican winter league, but he may have had other motives for playing for Aguilas. It's believed that people involved with the team also have ties to the Dominican government, and that Cespedes' decision to play may have sped up the process of establishing residency.
In any case, that process is complete, and Cespedes is a free agent.
And the bidding can begin.