Lucius Fox Throws A Wrench Into July 2nd Signings
As I tweeted yesterday, Bahamas-born and recently but shortly American-educated shortstop Lucius Fox was declared an international free agent by Major League Baseball. He won’t be eligible to sign until July 2nd when the 2015-16 signing period opens and the team bonus pools reset, but he would’ve waited until then to sign anyway, since most of the 2014-15 signing pool money had been spent.
Fox was always seen as likely to land as an international prospect since he was born in the Bahamas and moved back home, but it wasn’t a slam dunk because MLB is very aware of player moving out of the U.S. to potentially get more money by ducking the draft. Many elite domestic prospects have investigated this process and found the red tape to make it nearly impossible to work through.
As I wrote last week, the 2015 international signing markets, which opens on July 2nd, is already mostly shaken out at this point. I currently project 25 players to get $1.2 million or more and it appears that 22 of them have deals already. Of those three, the highest bonus should be about $1.5 to $1.7 million while the five top bonuses in the class range from $3.0 million to $4.4 million.