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2014 International free agents begin signing

By Eye on Baseball staff

More MLB: Power Rankings | Expert Picks | Latest news & notes | Fantasy news

The international signing period for Major League Baseball began Wednesday, and there have already been a flurry of signings. We'll update the list throughout the day below, but first, here are a few notes about this period.

The period runs July 2 to June 15 every period under this current collective bargaining agreement. So the signing only stops for a few weeks, but the first day means a new host of 16 year olds are eligible and usually get snapped up pretty quickly.

All international players with amateur status that are at least 16 years old may be signed. Players 23 and older with at least five years of professional experience (think guys like Jose Abreu, Masahiro Tanaka, Yasiel Puig and Yoenis Cespedes) don't count against a club's bonus pool allotment.

Speaking of which, each MLB team is given $700,000 to spend along with an additional slot based upon its 2013 record (so the teams with the worst records have the most money to spend). Jesse Sanchez of MLB.com has the bonus pool breakdown.

•Teams can trade bonus pool money and can also go over their spending limits, in which case they'd incur a penalty next season. The Cubs last year, for example, went well over their pool because they liked several international players greatly.

Here are the notable international signings for Wednesday, listed chronologically (all rankings are MLB.com's international prospect rankings):

Julio Martinez signs with the Tigers for $600K (Dionisio Soldevila). The 6-foot-3, 183-pound outfielder is ranked 19th.

Franklin Perez and Miguel Sierra signed with the Astros for $1M each (Sanchez). Perez, 16, is a 6-foot, 180-pound right-handed pitcher that is ranked 21st. Sierra, 16, is a 6-foot-, 160-pound shortstop that is ranked 22nd.

Huascar Ynoa signed with the Twins for $800K (Sanchez). The 6-foot-2, 190-pound right-handed pitcher is ranked 17th.

Amado Nunez agreed with the White Sox for $900K (Sanchez). The 16-year-old shortstop is 6-foot-2, 178 pounds and is ranked 26th.

Arquimedes Gamboa signed with the Phillies for $900K (Sanchez). Gamboa, 16, is a 5-foot-11, 158-pound shortstop and checked in the MLB.com rankings at 15th.

Diego Castillo signed with the Yankees for $750K (Sanchez). The 5-foot-10, 150-pound shortstop is 16 years old and is ranked 16th.

Juan Meza has signed with the Blue Jays (Baseball America). The 6-foot, 170-pound right-handed pitcher is 16 years old and ranked 11th.

Gilbert Lara has signed with the Brewers for $3.2 million (Soldevila). Though only 16, Lara is already 6-foot-3, 203 pounds. The shortstop is ranked fourth in this international class.

Adrian Rondon has agreed to sign with the Rays for $3.3 million (Enrique Rojas). Rondon actually doesn't turn 16 until next week, so the official signing will have to wait until then. He's 6-foot-1, 175 pounds and ranked as the third-best prospect available.

Johandro Alfaro agrees with the White Sox for $750K (Soldevila). The 16-year-old catcher is 5-foot-8, 200 pounds and ranks 28th.

Highly-sought after Nelson Gomez has signed with the Yankees for $2.25M (Sanchez). MLB.com ranked him as the second-best international prospect available. The 6-foot-2, 219-pound third baseman is 16 years old and is said to have huge raw power.

And the Yankees have the top two prospects, as they've signed Dermis Garcia for $3.2 million (Soldevila). The 16-year-old shortstop is 6-foot-2, 182 pounds and has been compared to a teenage Alex Rodriguez (ignore the noise and remember how awesome A-Rod was as a rookie for Seattle). Garcia has trained with Miguel Tejada and Carlos Guillen.

Wilkerman Garcia has also signed with the Yankees, in his case for $1.35 million (Sanchez). The 16-year-old shortstop is 5-foot-11, weighs 168 pounds and is ranked 14th.

Yeremy Rosario has agreed to sign with the Rockies for $800K (Sanchez). The 16-year-old shortstop is 6-foot, 170 pounds and is ranked 22nd.

Pedro Gonzalez has also agreed with the Rockies, at $1.3M (Soldevila). The 6-foot-4, 160-pound shortstop is also 16 years old and is ranked 12th.

Ricardo Rodriguez has signed with the Padres (BA). The 5-foot-10, 180-pound catcher is 16 years old and is ranked 30th by MLB.com.

Anderson Espinosa was inked by the Red Sox for $1.8 million (Rojas). The 16-year-old right-handed pitcher is 5-foot-10, 150 pounds and ranks 10th on MLB.com.

Brayan Hernandez signed with the Mariners for $1.85 million (Sanchez). The 16-year-old outfielder stands 6-foot-1 and 170 lbs., and is ranked eighth by MLB.com.

The Yankees have struck again ... and again and again. The team has agreed to terms with 16-year-old outfielder Juan De Leon, 16-year-old catcher Miguel Flames and 18-year-old shortstop Hyo-Joon Park. (BA, BA, BA). None of the financial terms are known but all three bonuses are expected to be substantial. De Leon, Park and Flames were ranked fifth, 13th and 25th by MLB.com. New York is really flexing their financial muscle internationally this summer.

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