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Mateo is highly regarded prospect

Updated: July 2, 2009, 10:39 PM ET
Associated Press

SANTO DOMINGO, Dominican Republic -- The St. Louis Cardinals gave a $3.1 million signing bonus to 16-year-old outfielder Wagner Mateo, considered to be among the top amateur free agents from Latin America.

The New York Yankees on Thursday also gave a $3 million bonus to a 16-year-old Dominican prospect, catcher Gary Sanchez.

Cardinals vice president Jeff Luhnow announced details of their signing at a news conference in Santo Domingo.

"We have a tradition of competing and winning ...

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