The Yankees acquired Minor League right-hander Michael King along with international bonus pool money from the Marlins on Monday, in exchange for infielder Garrett Cooper and left-hander Caleb Smith. Per MLB.com's Jonathan Mayo, the bonus pool amount involved in the trade is $250,000.
The added money increases the club's available bonus pool to $3.5 million, according to Mayo, who puts the Yankees just behind the Rangers, who have the largest pool at $3.535 million. The Twins are the only other team with an available international bonus pool of more than $3 million ($3.245 million).
The Yankees now are among the teams with the most bonus pool money available to offer Japanese two-way superstar Shohei Ohtani, who has stated he wants to make the jump from Nippon Professional Baseball to MLB in 2018. Because Ohtani is under 25 years old (23), under new international signing rules, he would have to sign a standard Minor League contract with an MLB team and would be paid the league minimum of $545,000 if he made the Major League roster. Nevertheless, he would still be eligible for an international signing bonus.
Both Ohtani and potential MLB suitors await the results of negotiations between MLB and NPB on new international posting rules. The sides have reached an agreement in principle regarding the transfer of players from NPB to MLB, but per the Collective Bargaining Agreement between MLB and the MLB Players Association, the MLBPA has a voice in the negotiations. The MLBPA had initially set a deadline of 8 p.m. ET on Monday to approve the proposed posting rules, but that has been extended by 24 hours.
King, 22, went 11-9 with a 3.14 ERA and a 1.09 WHIP at Class A Greensboro in 2017. Miami selected him in the 12th round of the 2016 MLB Draft out of Boston College.
Cooper and Smith, each 26 years old, made their MLB debuts for the Yankees in '17. Cooper went 14-for-43 (.326) with five doubles and a triple. Before the Brewers traded him to the Yanks in July, he slashed .366/.428/.652 with 29 home runs in 75 games at Triple-A Colorado Springs.
Smith went 0-1 with a 7.71 ERA (nine appearances, two starts) for the Yankees in 2017. After making one appearance at Double-A Trenton to begin the season, he went 9-1 with a 2.39 ERA in 18 games (17 starts) for Triple-A Scranton/Wilkes Barre.