Updating a previous story, George A. King III at the Post reports that, according to sources, the Yankees have signed 16 year old Dominican catching prospect Gary Sanchez.

"He is a big kid with a big arm," a Latin American talent evaluator for an NL team said of the 6-foot-2, 210-pound Sanchez. "I would like to have him, but $2.5 million is a lot of money. He has a thick body. He is a real good hitter, but he doesn't hit like Jesus Montero."

The article also notes Yankee interest in LHP Noel Arguelles and SS Jose Iglesias.