As expected, the Yankees have signed Dominican catcher Gary Sanchez, according to Kiley McDaniel of Baseball Prospectus. Sanchez will receive a bonus of "basically $3MM," though the details aren't yet clear.

McDaniel hears that the Yankees will spend an additional $1MM on a shortstop and a pitcher. Damian Arredondo is expected to be the shortstop and some expect the pitcher to be Jose Osuna. If he signs, Arredondo would likely receive about $850k of the $1MM the Yankees are expected to spend on the pair of players.
[According to MLBTradeRumors.com] We already talked on this cite about the Cuban pitcher defecting.  This could be the bolt to our system we needed.  I am excited about having a farm system again.  What do you all think about the moves the Yankees have done?  Enough?  Or would you have rather seen Sano signed?  I am a Pirates fan too, so I am glad they will (hopefully!) get him, but I like what the Yanks got.