Yankees sign pitcher off Hank Steinbrenner’s youth team

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The New York Yankees have been crowing about how frugal they are lately. Seriously.

First, general manager Brian Cashman talked about how his team’s luxury tax tab was reduced to $18 million this season. “Atta baby. And right now we’re in the $170s,” he said, referring to a 2011 salary number that could actually fall beneath the luxury tax threshold. Not exactly a bunch of penny pinchers, you say? But wait, there’s more.

Also on Tuesday, the Bombers went out and signed a player off of Hank Steinbrenner’s youth team.

The New York Yankees have signed 19-year-old Leonel Vinas to a minor league contract. The right-hander from Long Island was the ace of Hank’s Yanks, a team sponsored by Steinbrenner, co-chairman of the Yankees.

Vinas, who moved to Long Island from the Dominican Republic at age 11, was 12-0 with a 1.12 ERA and 168 strikeouts in 84 innings for “Hank’s Yanks,” according to Bryan Hoch of MLB.com.

Pretty cool story, and Vinas called the chance to play in the Yankee organization a dream come true. He’ll report to Tampa in two weeks to begin his professional career, and will probably start in Rookie ball as a reliever.

Cashman, for his part, made it clear that the signing was not a gimmick move. “This is real,” he told Hoch. “He’s got talent. We’re looking forward to seeing where the talent takes him.”

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Report: Astros, Alex Bregman agree to five-year, $100 million extension

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Fox 26’s Mark Berman reports that the Astros and third baseman Alex Bregman have agreed to $100 million contract extension. MLB.com’s Brian McTaggart confirms a deal has been reached and adds that the deal is actually for five years, beginning after the 2019 season. The contract will cover all three of Bregman’s arbitration years and two years of would-be free agency.

Bregman, who turns 25 years old later this month, has quickly become one of the best third basemen in baseball. Across parts of three seasons, he has hit .282/.366/.500 with 58 home runs, 208 RBI, 224 runs scored, and 29 stolen bases. FanGraphs credited him with 7.6 Wins Above Replacement, tied with Francisco Lindor and Christian Yelich for the fourth-best mark among position players in baseball, trailing only Mookie Betts (10.4), Mike Trout (9.8), and José Ramírez (8.0).

This is obviously a smart move for the Astros, as this contract extension will secure Bregman’s age 25-30 seasons. With second baseman José Altuve also locked up through 2024, and presumed extensions to come for Carlos Correa and possibly Gerrit Cole and George Springer, the Astros have a core that they can build around for years to come.