Yasiel Puig Signing: Dodgers Nab Cuban OF For $40 Million, According To Report

Cuban outfielder Yasel Puig signed a multi-year deal worth more than $40 million with the Los Angeles Dodgers, according to Jesse Sanchez of MLB.com. Puig was officially declared a free agent by Major League Baseball on Thursday, and prior to his deal with the Dodgers the 21-year-old prospect was linked to the Chicago White Sox and Chicago Cubs.

The $40 million figure exceeds the value of the deals for Yoenis Cespedes and Jorge Soler, who signed for $36 million and $30 million, respectively. As Sanchez points out, the Dodgers had to move quickly on the deal and will need to finalize it before Monday in order to avoid restrictive new CBA guideliens:

In order to avoid being subject to new CBA guidelines that will limit spending on international prospects to $2.9 million per team without penalty, Puig must sign the record-setting deal, have the contract approved by Major League Baseball and pass a physical before Monday.

For updates, stay tuned to SB Nation Chicago, and for more from around Major League Baseball, head over to Baseball Nation. For the latest on trade rumors and transactions, visit MLB Daily Dish.

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