St. John's shortstop Joe Panik became the second first-rounder from the 2011 draft to sign, agreeing to a $1.116 million bonus with the Giants on Saturday. The first was Padres second baseman Cory Spangenberg, who turned pro the day before.

Panik's bonus matches MLB's recommendation for the slot in which he was drafted, No. 29 overall.

Panik's bat is his best tool, and he showed it off by hitting .297 in the Cape Cod League last summer and .398 for the Red Storm this spring. He offers gap power and slightly above-average speed, and he has a chance to stay at shortstop in pro ball. While his selection in the first round was somewhat of a surprise—Baseball America rated Panik as the 67th-best prospect in the draft—he has a similar profile to North Carolina shortstop Levi Michael, whom the Twins drafted at No. 30.