Here's the new International signing rules:
Starting July 2nd this year, each team will have an allotment of cash for international free agents. If a team crosses that threshold, they have to pay penalties, both financially and their ability to sign future international free agents.
Going over by up to 5 percent kicks in the 75 percent tax; 5-10 percent includes the same tax and a loss of the right to sign more than one player for a bonus of more than $500,000. Go over by 10-15 percent and a team incurs the 100 percent tax and can't sign any player for more than $500,000. Going over by more than 15 percent draws the 100 percent tax and prohibition to sign any player for more than $250,000.