After agreeing to terms on a signing bonus worth $2.5 million over the weekend, the Giants and Cuban outfielder Eddy Julio Martinez no longer have a deal, an industry source confirmed Tuesday.
The deal, which the Giants had not confirmed, was pending a physical. Sources told MLB.com that Martinez's father is seeking a bonus closer to $3 million.
The 6-foot-2, 195-pound Martinez is ranked No. 4 on MLB.com's Top 30 International Prospect list.
Martinez, 20, was among the first Cuban players eligible to sign during the international signing period. However, he later found himself in a competition for attention with top Cuban prospects like outfielder Yusnier Diaz, 18, and Vladimir Gutierrez, 19, and others who entered the market in search of deals with Major League teams. He left Cuba in November, established residency in Haiti in February and has been training in the Dominican Republic.
The right-handed hitting Martinez has a quick and compact power stroke. He's shown the ability to hit home runs to all fields and work the counts. He's speedy out of the box and shows base-stealing potential. He has also shown good instincts on defense and the ability to cover the gaps in the outfield. Those skills combined with a playable and accurate arm could mean he should stay in center field as he develops.
The outfielder played for Cuba's junior national teams in Mexico and Venezuela and spent two seasons with Las Tunas in Cuba's Serie Nacional, the island's top league.
Martinez was set to join a class of top international prospects for the Giants that includes shortstop Lucius Fox from the Bahamas and catcher Ricardo Genoves from Venezuela.
Fox and Genoves signed for $6 million and $550,000, respectively. In all the Giants have signed more than a dozen international prospects during the current international signing period.
Jesse Sanchez is a national reporter for MLB.com. Follow him on Twitter @JesseSanchezMLB. This story was not subject to the approval of Major League Baseball or its clubs.