The international signing period for Major League Baseball began Wednesday, and there have already been a flurry of signings. We'll update the list throughout the day below, but first, here are a few notes about this period.

•The period runs July 2 to June 15 every period under this current collective bargaining agreement. So the signing only stops for a few weeks, but the first day means a new host of 16 year olds are eligible and usually get snapped up pretty quickly.

•All international players with amateur status that are at least 16 years old may be signed. Players 23 and older with at least five years of professional experience (think guys like Jose Abreu, Masahiro Tanaka, Yasiel Puig and Yoenis Cespedes) don't count against a club's bonus pool allotment.

•Speaking of which, each MLB team is given $700,000 to spend along with an additional slot based upon its 2013 record (so the teams with the worst records have the most money to spend). Jesse Sanchez of MLB.com has the bonus pool breakdown.

•Teams can trade bonus pool money and can also go over their spending limits, in which case they'd incur a penalty next season. The Cubs last year, for example, went well over their pool because they liked several international players greatly.