Complex sentence: Louisiana State withdrew their scholarship to Heathcott and he signed with the Yankees, receiving a $2.2 million signing bonus, and reported to the Gulf Coast Yankees of the Rookie-level Gulf Coast League to make his professional debut.
Split into simpler sentences: Louisiana State withdrew their scholarship to Heathcott and he signed with the Yankees, receiving a $2.2 million signing bonus. He 'reported to the Gulf Coast Yankees of the Rookie-level Gulf Coast League to make his professional debut.