There’s just one week remaining before baseball’s new Aug. 15 deadline for signing draft picks, yet precious few new deals have been announced. However, we do have a new leader for the highest bonus received above MLB’s slot recommendations.
The Diamondbacks signed North Carolina high school outfielder Tyrell Worthington, their fifth-round pick, to a $220,000 bonus. The recommendation for his slot (No. 163) was $143,100, which he exceeded by $76,900. The previous high this year was the $26,700 over slot received by Rice outfielder Tyler Henley (eighth round, Cardinals) and Florida prep righthander Jiwan James (22nd round, Phillies), both of whom signed for $150,000.
Worthington is still raw as a baseball player, but his power-speed combination is enticing. Because he was a two-sport star—he rushed for 2,591 yards and 25 touchdowns as a senior and signed a football scholarship with East Carolina as a running back—Arizona can spread his bonus over five years. MLB has calculated the net present value of his deal as $169,790.
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The Austin American-Statesman is reporting that 14th-rounder James Russell signed with the Cubs for $350K. That’s $227K over slot…near as I can tell. (Link.)
Editor’s note: Actually, it’s $226,700 over slot, to be precise. Thanks for the tip.
Posted by Joanna | August 9, 2007 at 1:49 pm | Shortcut