JULY 9: The Phillies have officially announced the signing. They also announced the singings of Venezuelan catcher Rafael Marchan and Dominican infielder Kuedy Bocio and lefty Manuel Silva. As Baseball America’s Ben Badler notes (on Twitter), Ortiz’s bonus is actually $4MM, which will help the Phillies to stay within their international bonus pool, which now stands at $5.28MM.

JULY 2: The Phillies have an agreement with Dominican first base prospect Jhailyn Ortiz, Jim Salisbury of CSNPhilly.com reports on Twitter. Agreement is still being “finalized,” per MLB.com’s Jesse Sanchez, who tweets that the bonus is for an estimated $4.2MM.

Ortiz ranked sixth on Sanchez’s list of top international prospects, with Fangraphs’ Kiley McDaniel ranking him 14th and Baseball America’s Ben Badler ranking him 18th. Already listed at 6’2″ and 260 pounds, raw power is Ortiz’s best tool. He’s currently a left fielder, but most expect him to move to first base. Ortiz as the type of power “that does not come around very often,” per Sanchez. McDaniel gives Ortiz 70-grade raw power and notes that he’s surprisingly fleet of foot at the time being, though he figures to eventually slow down some. Badler notes (subscription required and recommended) that Ortiz showed a lot of swing-and-miss at events in February and March, leading to some concerns among scouts. There’s a lot of risk, per Badler, but there’s 25-plus homer upside if Ortiz can make similar adjustments to the ones Nomar Mazara made after signing with the Rangers.