The Yankees have signed first-round pick Ty Hensley, a righthander from Santa Fe HS in Edmond, Okla., for $1.2 million. 

Hensley originally agreed to a $1.6 million bonus shortly after the draft, matching the assigned pick value for his 30th overall selection. But during his physical on June 8, an MRI revealed an abnormality in his right shoulder.

Hensley never has had a shoulder injury or pain, and he consistently impressed scouts during the spring. He repeatedly worked at 92-95 mph and touched 96-97 with his fastball. Scouts considered his upper-70s curveball even better than his fastball. He's a 6-foot-5, 220-pound athlete who also played quarterback at Santa Fe and showed power from both sides of the plate. He had been committed to Mississippi.

"People have told me all along that there was the game of baseball and the business of baseball," Hensley said in a statement released by his adviser, Rob Martin of ICON Sports. "All I know is that I’m ready to get back to playing baseball. I’m healthy and throwing up to 98 mph and have never had any shoulder trouble, period. At the end of the day I have decided that the best place for me to prove that this ‘abnormal’ is my ‘normal’ is on the field in pro ball, and I can't think of an organization I’d rather do it with than the New York Yankees. I feel blessed to be a part of an organization with such history and I’m ready to work!"

Hensley also said he was happy with how the Yankees treated him during the signing process.

"They have had to work through things just like I have," he said. "We are in this together. A deal like this says they want me and I want them. By being honest about what happened, I’m hoping that this situation will lead to a better understanding of medicals like mine in the future.  There’s no sense in being bitter about my reduced bonus or medical situation. I’m still living a dream and grateful for the opportunity. Right now I think we all just want to put this behind us and concentrate on the impact I can have on the Yankees now and in the future."

By saving $400,000 on Hensley's bonus versus his pick value, New York is now $406,300 under budget with its bonus pool for the first 10 rounds.

View our Yankees Draft Database here.