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Yoan Moncada signs with Red Sox

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After three weeks as a free agent, the 19-year-old prospect has agreed to terms with Boston.

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According to a report from MLB.com, 19-year-old Cuban prospect Yoan Moncada has agreed to a contract with the Red Sox. Boston will give the young infielder a $30 million signing bonus, the highest ever given to an international amateur. The deal is complete, pending a physical.

Major league scouts have been keeping a close eye on Moncada ever since his performance at the Under-16 IBAF World Baseball Championships as 15-year-old member of the Cuban national team. He went on the make his debut for the Cienfuegos in Cuba's Serie Nacional at the age of 17, playing alongside current MLB players such as Jose Abreu or Erisbel Arruebarrena.

The 6-foot, 210-pound Moncada became available as an international free agent on February 3, following new guidelines put in place after the United States made changes to its dealings with Cuba. According to reports, Moncada received offers from five clubs before choosing the Red Sox.

For their part, the Red Sox have already been penalized for exceeding their bonus pool before this signing, which is a 100 percent tax on their pool overage. So in total, acquiring Moncada will cost them approximately $60 million. Our own Steve Sypa profiled Moncada last summer.