Cubs 2019-20 International Signing Period (J-2 Players)

7/2 UPDATE

The Cubs have officially signed their first three 2019-20 J-2 IFA: 

Brayan Altuve, C 
R/R, 5'11 160, Age 16 
VENEZUELA 
$1M signing bonus (see NOTE below)

Kevin Made, SS 
R/R, 6'1 160, Age 16 
DOMINICAN REPUBLIC  
$1.5M signing bonus (see NOTE below)

Ronnier Quintero, C 
L/R, 6'0 175.Age 16
VENEZUELA 
$2.9M signing bonus (see NOTE below) 

All three were "Signed for Future Service" (signed 2020 contracts), so they will not be making their pro debuts until sometime next year. 

Unless and until the Cubs acquire additional ISBP via trade, they have maxed-out their 2019-20 ISBP and cannot give a signing bonus in excess of $10,000 to any J-2 IFA beyond the three already signed. 

NOTE: The three signing bonuses listed above were reported by mlb.com, but collectively the bonuses exceed the Cubs 2019-20 ISBP limit by $1,700, so they cannot be 100% accurate (one of the three had to get at least $1,700 less than the bonus reported by mlb.com for that player).  

+++++++++++++++++++++++++++++++
 

7/1 ORIGINAL POST


The "International Signing Period" (ISP) extends from July 2nd through June 15th of the following year. No international player can be signed during the period of time extending from June 16th through July 1st.

Any individual who is age 17 or older, has not previously signed an MLB or minor league contract, resides outside the U. S., Canada, and Puerto Rico, and has not been enrolled in a high school or college in the U. S., Canada, or Puerto Rico within the previous year, can be signed during the "International Signing Period." Also, a 16-year old international player can be signed if the individual will turn 17 prior to September 1st or prior to the conclusion of the regular season of the minor league club to which the player is assigned (whichever comes first).
NOTE: These players are sometimes referred to as "J-2 players," because they can be signed beginning on July 2nd ("J-2"). 

An international player can be "Signed for Future Service" (contract is for the following season) if the player signs a contract during the period of time starting on July 2nd up through December 31st.

In addition, a 16-year old international player who otherwise would not be eligible to sign can be "Signed for Future Service" (that is, contract is for the following season) if the player signs a contract July 2nd through August 31st.


INTERNATIONAL SIGNING BONUS POOL 

There is a maximum limit on the aggregate amount of money each MLB club can pay as signing bonuses to international first-year players.

1. Each MLB club is assigned an "International Signing Bonus Pool" (ISBP) prior to the start of the International Signing Period (ISP). 

2019-20 ISP: 
$6,481,200 for MLB clubs that have selections in Competitive Balance Round "B" (between the 2nd & 3rd rounds) of the MLB Rule 4 Draft;
$5,939,800 for MLB clubs that have selections in Competitive Balance Round "A" (between the 1st & 2nd rounds) of the MLB Rule 4 Draft; 
$5,398,300 for all other MLB clubs (including the Cubs). 

2. Any signing bonus of $10,000 or less does not count toward a club's ISBP limit. 

3. An MLB club (excluding clubs that receive CBT revenue sharing and MLB Rule 4 Competitive Balance draft picks) that signs an Article XX-B Qualified Player (not including its own Qualified Players) will have $500,000 subtracted from its assigned International Signing Bonus Pool (ISBP) in the next full International Signing Period (ISP) for each Qualified Player signed, and an MLB club that is a Competitive Balance Tax (CBT) payor (club's payroll from the previous season exceeded the CBT threshold) would have $1,000,000 subtracted from its ISBP in the next ISP for each Qualified Player signed. (The Competitive Balance Tax threshold is $195M in 2017, $197M in 2018, $206M in 2019, $208M in 2020, and $210M in 2021).
NOTE: The Los Angeles Dodgers and the Philadelphia Phillies had their 2019-20 ISBP reduced by $500K and the Washington Nationals had their 2019-20 ISBP reduced by $1M as the result of signing post-2018 MLB Article XX-B Qualified Players (and because the Nationals exceeded the CBT threshold in 2018, they had their 2019-20 ISBP reduced by $1M). 

4. A club cannot exceed its assigned ISBP plus a maximum additional 60% of its assigned ISBP that might be acquired via trade or trades. 

5. A club can carry-over up to $400K in ISBP space from one ISP to the next ISP if a contract or contracts signed by a player or players is/are voided after the conclusion of the ISP during which the contract or contracts was/were signed. The amount of ISBP space carried-over from the previous ISP must match the amount of ISBP space that was deducted from the club's ISBP after the player or players signed their contracts. If the amount of ISBP space deducted exceeded $400K, the amount of ISBP space in excess of $400K that is carried-over to the next ISP will be divided up into 29 equal amounts and added to the ISBP of the other 29 MLB clubs. 
NOTE: A club's right to carry-over ISBP space from one ISP to the next ISP only applies to contracts that are voided as the result of the player failing his physical or being unable to obtain a visa to the U. S. or if an investigation by the MLB Commissioner determines the player falsified his age and/or identity prior to signing the contract. It does not apply to contracts voided by the MLB Commissioner as a result of a rules violation by the club.

5. The MLB Commissioner can order a club to forfeit up to 50% of its assigned ISBP from one or more ISP and/or one or more player contract(s) can be voided if it is determined that a club and/or a player or players attempted to circumvent the international signing bonus rules.


ISBP RESTRICTIONS/EXCEPTIONS

1. A international first-year player subject to ISBP restrictions cannot be signed to a Major League contract.

2. A player age 25 or older who has spent all or part of at least six seasons playing in an MLB-recognized foreign professional or "major" league is considered to be a "Foreign Professional" player. A "Foreign Professional" is not subject to ISBP international first-year player restrictions and can sign a Major League or minor league contract with any MLB organization without restriction. A signing bonus paid to a "Foreign Professional" does - NOT - count against the club’s ISBP.
NOTE: Beginning with the 2018-19 ISP, any "Foreign Professional" player under contract to a Liga Mexicana de Beisbol (Mexican League) club can sign a Major League or minor league contract with any MLB organization after the conclusion of the LMB season (including post-season), or (with consent of the player's LMB club) during the LMB season. If an MLB club signs an LMB player with "Foreign Professional" player status, the MLB club must pay the LMB club a one-time release fee equal to 15% of the total value of the contract if the player signs a Major League contract or 35% of the total value of the contract if the player signs a minor league contract. No release fee would be paid by the MLB club if the player's contract has expired or if the contract had been terminated by the LMB club prior to the MLB club offering a contract to the player.     

3. A player under contract to a Liga Mexicana de Beisbol (Mexican League) club who has not yet reached "Foreign Professional" player status may sign a minor league contract with an MLB organization - IF - the LMB club agrees to release the player so that he can sign with the MLB club. The Mexican League club would receive a one-time release fee equal to 35% of the total value of the contract (by rule an international player who is not yet a "Foreign Professional" cannot sign a Major League contract). The release fee paid by an MLB club to an LMB club does - NOT - count against the MLB club's ISBP.    
NOTE: Prior to the 2018-19 ISP, up to 75% of a signing bonus paid to a Mexican League player (or a player under contractual control of an LMB club) who had not yet reached "Foreign Professional" player status did not count against the MLB club's ISBP if the signing bonus was paid to the Mexican League club and not directly to the player and the player received no more than 25% of the signing bonus from the Mexican League club. 


TRADING/ACQUIRING ISBP SPACE

A club can trade up to 100% of its ISBP, and a club can acquire up to 60% of its assigned ISBP via trade or trades.

While up to 100% of a club's originally-assigned ISBP (plus up to an additional 60% of the club's originally-assigned ISBP that might be acquired in a trade or trades) can be traded, there are some restrictions:

1. A club's ISBP (or a portion of it) can only be traded during the International Signing Period (ISP) to which the ISBP was assigned (July 2nd through June 15th of the following year);

2. A club can trade ISBP space only in increments of $250K (including multiples of $250K) unless the club is trading all of its remaining ISBP in one transaction.

3. A club's ISBP (or a portion of it) cannot be sold for cash. However, cash can be exchanged if it is used to offset the salary or salaries of a player or players acquired in return for the SBV;

4. A club's ISBP (or a portion of it) cannot be substituted for a "Player to Be Named Later" (PTBNL);

5. Another club's ISBP (or a portion of it) acquired in a trade can be traded ("flipped") to a third club.

Comments

Wow, all three are 16 years old at this time.

Recent comments

Subscribe to Recent comments
The first 600 characters of the last 16 comments, click "View" to see rest of comment.
  • Mike Wellman 2 min 21 sec ago (view)

    I feel like I've already waited & seen enough of CEJ...

     

  • Dolorous Jon Lester 24 min ago (view)

    Not as much as it makes his stomach tighten!

    i dont think we should trade him. We would get nothing of value back. But I don’t think he should be a bullpen piece on a playoff contender either. He should be in Iowa. Reassess where he’s at for September and next year. If they don’t like what they see, non-tender.

     

  • Charlie 56 min 9 sec ago (view)

    Cheap may not be the right word, but has put up reasonable value per dollar compared to other relievers prior to this ear.

    He accrued 2.9 bWAR 2017-2018. Strop put up 3.2 bWAR during the same period. Edwards is making $1.5M this year. Strop is making $6.25M. He'll get a bump again this offseason even if he doesn't rebound in the second half, of course. I just don't see a need to trade him unless the Cubs are being offered value in return.

    That said, it does make my stomach knot up a bit when I see they are bringing him into a close game.

     

  • Arizona Phil 8 hours 33 min ago (view)

    Carl Edwards Jr will be out of minor league options next season (2020), and he will (once again) be arbitration-eligible post-2019 (he was "Super Two" arb eligible post-2018) and he will be a FA post-2022. 

     

  • crunch 14 hours 16 min ago (view)

    cubs lose, cards win, brews win.

    boo.

     

  • Dolorous Jon Lester 16 hours 2 min ago (view)

    I think this is his last option year. And he’s not as cheap as you’d think, he’s a super two qualified player this year.

     

  • Charlie 16 hours 11 min ago (view)

    Edwards is frustrating at times. Some of that frustration comes from thinking he could be much better than he currently is. But prior to this year (in which he has pitched very few innings), he's overall been an OK relief pitcher in the majors. I'm happy to wait and see on him for quite a while. Still has an option and is cheap, right?

     

  • Dolorous Jon Lester 17 hours 10 min ago (view)

    I feel pretty safe in saying that 1. They don’t want him and 2. If they did, things wouldn’t improve for CJ.

    Allowing inherited runners and 1-2 of your own in a close game is what I like to call the “Carl Jr Special.” It was formerly a Justin Grimm special, thankfully Carl stepped up to fill that void.

     

  • crunch 17 hours 18 min ago (view)

    there's always nick castellanos for a chance to rid of edwards...at which point a couple month rental will probably turn edwards into their ace closer or something just as awesome.

     

  • Eric S 17 hours 18 min ago (view)

    The bitter side of me thinks it should have been a two for one trade for Maldonado 

    Anyways, has not been a clean series for the Cubs against the Padres - fortunate to have won the series and a 7-2 home stand is a pretty big dill. Or deal. Or something

     

  • crunch 17 hours 24 min ago (view)

    edwards gonna edwards...blah

     

  • bradsbeard 18 hours 52 min ago (view)

    Thanks for the clarification. Guess we’ll find out what he’s going to do sooner than later. 

     

  • crunch 19 hours 56 min ago (view)

    delay over, game on.

     

  • Arizona Phil 21 hours 34 min ago (view)

    And if Zobrist were to consent to an Optional Assignment to the minors for the purpose of getting into playing shape, it could very well be to AA Tennessee (close to his home in Nashville) rather than to AAA Iowa. He might even just play home games for the Smokies and then work out on his own while they are on the road. 

     

  • Arizona Phil 1 day 4 hours ago (view)

    BRADSBEARD: Ben Zobrist (and Tony Barnette) cannot be reinstated from the Restricted List August 1st - October 31st without special approval from the MLB Commissioner (which would be problematic), and Zobrist and Barnette absolutely will - NOT - (under any cicumstances) be eligible to play in the post-season if not reinstated from the Restricted List prior to midnight on August 31st. 

     

  • Arizona Phil 1 day 5 hours ago (view)

    HAGSAG: Pedro Martinez is a bat-first switch-hitting infielder capable of playing 2B-3B-SS (best position is 2B). He runs well and is a savvy baserunner, shows occasional HR power, and is at least as good a hitter as Reivaj Garcia (probably even better).