Friday, July 26, 2013
Mets News: Mets Make Trade with Angels to relieve international cap space
The Mets traded outfielder Julio Concepcion and right-hander Andres Perez to the Los Angeles Angels on Thursday for a reported $360,500 of the AL West team's cap space for international teenager signings.
Concepcion, 23, had appeared in six games for Brooklyn this season. Perez, 22, had a 5.52 ERA in seven appearances (one start) for Kingsport.
The current collective bargaining agreement limits the amount a team can spend on talent from international locales such as the Dominican Republic and Venezuela, but allows for a team to shift some of its cap space to another team as part of a trade.