The bidding is officially about to begin. A change to MLB's rules regarding Cuban players has cleared the path for prospects Yoan Moncada and Hector Olivera to become major league free agents.
Previously, the league required a specific unblocking license from the Office of Foreign Assets Control. Now, Cuban prospects just need to establish permanent residency in a third country -- verified by an affidavit -- before they are free to sign with a major league team.
Moncada, 19, is a highly-touted infield prospect and considered the cream of the Cuban crop.
In addition to the Giants, Moncada has reportedly worked out for the Yankees, Red Sox, Dodgers, Padres, Rangers, Rays, Tigers, and Brewers.
[RELATED: Report: Moncada works out for Dodgers]
With Moncada's price tag expected to high, the Yankees, Red Sox and Dodgers are reported to be the frontrunners.
Olivera, 29, is listed at 6-foot-2 and 195 pounds. The second baseman has some health concerns after missing the entire 2012-13 season with thrombosis in his left biceps -- a potentially serious condition that blocks blood flow.
He was effective in his return last year, hitting .316 with a .412 on-base percentage in 273 plate appearances with seven home runs, 38 walks and 25 strikeouts, though he spent the majority of his games as the designated hitter.
[RELATED: Report: A's could seek Cuban second baseman]
MLB distributed a memo to teams Tuesday afternoon detailing the rule change.