The Yankees were perceived to be the favorite by many because they had the second-most amount of global signing bonus money ($3.35M), the diversity of NY, the successful recent history with Japanese players, like Hideki Matsui and Masahiro Tanaka, and a chance to win immediately.
Ohtani was in Los Angeles, a person familiar with his location said. The Minnesota Twins, the only other team with at least $3 million in bonus money, also did not make the final cut.
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Ohtani was posted on Friday and is available to all major-league clubs for a $20-million fee, which will go to his Japanese team, the Nippon-Ham Fighters.
Ohtani, of course, will be limited to how much he can be paid because he is a foreign free agent under the age of 25 and is thus subject to the global pool caps provided for under the Collective Bargaining Agreement. The only perceived drawback from the Yankees' bid was that Ohtani is from a small town, which might have scared him off from NY. The Texas Rangers can offer the 23-year-old $3.53 million.
He was limited to just 65 games as a hitter last season, but hit.332 with eight home runs and 31 RBIs.