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The Yankees have inked another one of Baseball America’s Top 5 international prospects, signing 16-year-old Venezuelan right fielder Alexander Palma for $800,000.

The 6-foot, 200-pound Palma is the fourth-ranked prospect on Baseball America’s list, and was the top player at Carlos Guillen’s academy in Venezuela this past year.

According to Baseball America’s scouting report, Palma is a right-handed hitter with a “physical frame that projects for power.” From the report:

Palma has a clean swing with good bat speed and barrels up the ball. He is a physical specimen, though scouts are mixed on his power potential. Palma is going to have to stay on top of his conditioning, but he projects as a right fielder with average speed and a solid arm.

In the 2011 16-and-under World Championships last August, Palma hit .429 in 35 at-bats, and went 3-for-7 with three walks in the MLB showcase in the Dominican Republic in February.

He is the third prospect to sign with the Yankees this week, following Dominican shortstop Yancarlos Baez and Venezuelan catcher Luis Torrens, who was the No. 2-ranked international player on Baseball America’s list.

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