The A's are poised to make a splash when the international signing period begins Saturday.
A source with knowledge of the situation confirmed that Oakland is closing in on signing 17-year-old Cuban outfielder Lazaro Armenteros, one of the more highly touted amateur players in this year's international class.
The A's would sign Armenteros for a bonus in the neighborhood of $3 million as reported by Baseball America's Ben Badler, who first had the news of the A's and Armenteros. If they do sign him for that amount, it would equate to the A's biggest international amateur signing since they inked Dominican right-hander Michael Ynoa for $4.25 million back in 2008.
Armenteros, known widely as "Lazarito," is said to have a great combination of speed and power potential, though considering his age he would likely require several years of minor league seasoning. He mainly played the corner outfield as a youth in Cuba.
The A's have an international bonus pool of $3,818,700 to spend. But Baseball America is also reporting the A's may sign several other international amateur free agents that would send them far enough over their allotted pool to incur penalties which would mean they couldn't sign any prospect for more than $300,000 over the next two signing periods.