Yoan Moncada was declared a free agent by MLB on Saturday morning. I wrote in depth about his situation from almost every angle last Thursday and also wrote about when news broke that he had left Cuba last month. I sent out a number of tweets on Saturday explaining Moncada’s current situation. He still needs to be cleared by OFAC (a U.S. government agency) before teams can offer him a deal or sign him and the timetable for that happening is unclear.
Often, OFAC clearance happens before MLB clears a player, so that indicates it could happen quickly (weeks), but Moncada’s situation is pretty unusual, which most guess will slow the process down (months).  The reason that OFAC clearance timetables vary so much relative to MLB’s clearances is that OFAC clearance is a product of the government (which can be backlogged at times, have political interests to protect, etc.) working with the paperwork that the agent submits.  Moncada should be free to sign within a few months, well ahead of the June/July timeframe when the 2014 international signing period turns over to the 2015 period and a number of factors change.
I said I covered this from almost every angle last week, because there are three things I didn’t mention in my first two articles about Moncada that have recently come to my attention.  The first is all the unsubstantiated chatter and rumors about how Moncada leaving Cuba played out.  I didn’t go into detail on this because I’m still working to get some things confirmed to help fill in these blanks, but the rumors are picking up.  I still have international scouts asking me for any information I have on this topic, specifically the stuff I haven’t written, because teams are getting heavy into their due diligence.  I don’t have anything else to report right now, but I can guarantee you that between now and when Moncada finishes his first pro season, this story will eventually become less confusing, as we learned with Yasiel Puig’s defection.
The second thing I didn’t note was pointed out Friday by Ben Badler.  As I’ve also noted in a recent article on the topic, while teams can’t technically negotiate with players before the July 2nd signing period opens, it’s now commonplace with MLB’s three-year-old rules for teams to have deals done with players 9-12 months before they’re eligible to sign.  This happened before the rule changes, but rarely; more often, early deals for high profile players were done about 3-6 months in advance.  This is a response to soft caps on spending being in place (which most team treat as hard caps); if you can only spend so much money, the best way to find bargains is to offer security to players via a verbal deal even earlier in the process.
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