The New York Yankees have signed two Nicaraguan pitching prospects, Corby McCoy and Luis Garcia, reports Ben Badler of Baseball America.

McCoy, 16, signed for $150,000 and is one of Nicaragua’s best pitchers. At 6’3″, 170 pounds, the young left-hander has an athletic, projectable body. His velocity has ranged from 85-88 mph in the past, but Badler reports McCoy’s fastball has touched as high as 91 mph recently. He also has a breaking ball in his arsenal, which is still being developed.

Garcia, who signed for $50,000, is also a 16 year-old left-hander, but has a larger frame than McCoy at 6’4″ and 185 pounds. Like McCoy, Garcia’s fastball ranges from 85-88 mph.

With the signing of McCoy, the Yankees have spent all of their $2.9 million international bonus pool limit. If they sign another top international player before July 2, 2013, they would have to pay a penalty for exceeding the $2.9 million amount. Since Garcia signed for under $50,000, he will likely be used as one of New York’s exemptions of six players who can sign for under $50,000 each without counting toward the team’s $2.9 million spending limit.

In addition to McCoy, New York’s other top international signings were Luis Torrens for $1.3 million, Alexander Palma for $800,000, and Yancarlos Baez for $650,000.

Source: Yankees101.com