
Originally Posted by
drt1010
I don't have a specific answer to your question, but rather a general guidelines as established by MLB and the players union.
Teams used to surrender first-round picks to sign a qualified free agent. That is no longer the case. They surrender lower draft picks now, but similar to the compensation rules, the exact penalty depends on several factors.
Here are the penalties:
Signing team paid competitive balance tax: Forfeit second- and fifth-highest draft picks, plus $1 million in international bonus money.
Signing team received revenue sharing:*Forfeit third-highest draft pick.
All other teams: Forfeit second-highest draft pick and $500,000 in international bonus money.
The Yankees fall under the first.