Vargas was one of Colorado’s headline prospects from their January 2021 amateur free agent class, signing for $500k out of the Dominican Republic. The 6’3”, 153-pound 20-year-old right-handed starter has MLB bloodlines, as he is the son of pitcher Yorkis Perez, who played in parts of nine big-league seasons for five different teams. Vargas boasts a pitch mix that includes a mid-90s fastball, a potential plus curveball, a promising change, and the ability to throw them for strikes consistently.
Mid-season 2023 Rank: 11
High Ballot: 8
Mode Ballot: 9, 10, 14, 18
Future Value: 40, back-end starter
Contract Status: 2021 IFA (DR), Not Rule 5 Eligible, three options remaining
MLB ETA: 2026
Vargas was slated to be a top-10 PuRP and possibly challenge for top 100-overall prospect status before undergoing Tommy John surgery in July 2023.