Luis Heredia Updates

Aside from the upcoming MLB Draft Signing deadline, the Pittsburgh Pirates have another big goal to focus on, and that’s the bidding for top Mexican pitching prospect Luis Heredia.  Heredia turns 16 on Monday, August 16th, which is also the deadline for teams to sign their draft picks.  Teams won’t be able to sign Heredia until the 16th, however, Dejan Kovacevic reported today that teams won’t be able to formally bid on Heredia until August 18th.

Heredia’s rights are owned by his Mexican League team, Veracruz, which means all bidding has to go through the team.  The team keeps 75% of the final bidding price, while Heredia gets 25% of the bidding, which means that the highest bidder will most likely get Heredia.  The Pirates, Toronto Blue Jays, and New York Yankees are believed to be the front runners, although Kovacevic mentioned today that the Pirates were the favorites to land Heredia.

The negotiations were moved back to try and drive up the bidding for Heredia.  By moving the negotiations to two days after the draft signing deadline, Veracruz has a better shot at getting more teams interested.  If a team fails to sign a top draft pick, they could go to Heredia as a backup plan, and this strategy could draw more teams in to the bidding other than Pittsburgh, New York, and Toronto.

There is another complication in the negotiations.  Jorge Arangure had three Twitter messages which said the following:

Have also been told Heredia’s situation complicated because of conflict btwn his mother and father, who are not together

The legality of Heredia’s contract with Mexican team is being challenged by the mother

if Heredia’s contract with Mex team is voided then his mom would control the negotiations

This development could delay the process even further, as it would be hard for Veracruz to accept bids if their contract with Heredia is being questioned.  It’s hard to say how things would change if Heredia’s mom controlled the negotiations.  With Veracruz controlling the negotiations, it’s pretty much all about money.  With Heredia’s mom controlling the negotiations, money might not be the deciding factor.  There is a little less than a week before Veracruz starts accepting bids, which makes this situation one to watch over the next week.

Author: Tim Williams

Tim is the owner and editor in chief of Pirates Prospects. He started the site in January 2009, and turned it into his full time job during the 2011 season. Prior to starting Pirates Prospects, Tim worked with, providing MLB, NHL, and NFL coverage to various national media outlets, including ESPN Insider, USA Today, Yahoo Sports, and the Wall Street Journal. He also writes the annual Prospect Guide, which is sold through the site. Tim lives in Bradenton, where he provides live coverage all year of Spring Training, mini camp, instructs, the Bradenton Marauders, and the GCL Pirates.

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