There was a minor controversy that the Rangers had gotten a verbal agreement from Pimentel earlier this year, but apparently he changed his mind.
Here's a list and scouting reports of the top Latin free agents this season.
Obviously it's tough to predict what a 16-year-old kid will do, but the Mariners success in scouting and signing Latin American players is pretty substantial. There's this guy, that's a pitcher, his name is Felix Hernandez, seemed to be a pretty good signing. He signed for $710,000. Now he's the AL Pitcher of the Month.
Other players the Mariners have signed include Jose Lopez, Carlos Triunfel, Yuni Betancourt, Jharmidy DeJesus, Michael Pineda
While $2 million seems like a lot for a 16-year-old, the Cardinals dished more than $3 million for outfielder Wagner Mateo.
Columnist John McGrath weighed in with his thoughts on the Mateo signing.