Reds sign international free agent OF Cristian Olivo

The Cincinnati Reds were allotted just north of $2.8 million to spend on international free agents in 2015, and Thursday - on the first day of the international signing period - they dropped $1 million of that on 16 year old Dominican Republic OF Cristian Olivo, a toolsy left-hander who already stands 6'2" and 210 lbs.

Doug Gray credits Olivo with having good bat speed and potential to develop above-average power, while MLB.com's Jesse Sanchez notes Olivo may develop plus power as he matures.

FanGraphs' Kiley McDaniel had Olivo listed as the 25th best available amateur international prospect, and he also previously linked him to signing with Cincinnati for an estimated $1.2 million.  MLB.com had Olivo listed as the 23rd best available amateur international prospect, and they emphasize his speed and running ability as another strength.

The $1 million given to Olivo marks the first time since 2008 that the Reds have spent seven figures on an amateur international free agent, as both Yorman Rodriguez and Juan Duran were signed that year.  Of course, both Aroldis Chapman and Raisel Iglesias were signed out of the Cuban National League, but both were examples of players exempt from this period due to previous professional experience.

Here's video of the newest Reds prospect: