Yanks, Sox big winners on July 2
New York and Boston added a ton of international talent this week
July 2 -- which is the day 16-year-old international prospects are eligible to sign -- has come and gone, and what we saw can only be described as a wild day during which several clubs spent huge amounts of cash.
And while there are still several big names that haven't signed yet, here's a look at the three teams that did the most to improve their farm systems.
New York Yankees
There were reports that the Yankees were going to make a mockery of their allocated bonus funds this year, and to say they did that is to say that water is wet. New York spent close to $20 million -- roughly 10 times its assigned allocated funds of $2.2 million. As a result, the Yankees must pay a 100 percent tax on the overage and can't sign a player for more than $300,000 over the next two signing periods.
The best of the players to sign with New York was Dermis Garcia, a shortstop with the potential for plus-plus power and an above-average hit tool.
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Ranking the best prospects in baseball.