[tag]James Russell[/tag] signed with the Cubs (Statesman link) for a $350K bonus. And, the Cubs will pay for 5 semesters of college. My guess is that the $350K is at least $250K more than the slot bonus guidelines set forth by Major League Baseball.
I have not heard any definitive news on Kyle Russell or Bradley Suttle. But, Bradley was drafted by the Yankees and it’s very likely they will offer him a bonus close to what he was hoping for before the draft (that is: 1st round money). The situation is not as clear regarding Kyle Russell. The fact that the Cubs went so far over the guidelines makes me rather nervous about Kyle’s chances of sticking around, though. To this point, the highest reported signing bonus for a 4th rounder is $225K. That’s $125 below James Russell’s bonus (and he was drafted in the 14th) so…
Who knows? I guess it all depends on how much the Cardinals really want him, eh?
UPDATE. I just did a little bit more research on slot signing bonus guidelines and found out that the MLB does not want anyone in post 5th-round positions to get more than an estimated $123K. All of the lower rounds (6th through 50th) fall in the same group. I thought it kept going down as you got further along but it doesn’t. So, James Russell’s bonus was about $227K over slot.
A couple of quick notes. Texas signee Brandon Workman (rhp, Bowie HS) was drafted in the 3rd round of the 2007 MLB Amateur Draft. [tag]Kyle Russell[/tag] and [tag]Bradley Suttle[/tag] were drafted in the 4th round. They only got through the first 5 rounds of the draft yesterday; more Horns will be drafted today.
Major League Baseball has changed their “draft and follow” rule. In the past, a team could draft a player and then take up to 51 weeks to sign him…and no other team could come knockin’ on the door during those 51 weeks. So, they could draft a player, encourage him to play another year of college ball, watch his progress, and then decide. All the while safe in the knowledge that if they wanted to sign the player, they had a year to do so. The new rule states that the teams only have until August 15th to sign a player, except for college seniors. I think the change will mean more draftees from the later rounds will go ahead and sign. But, maybe not. Some people think the rule change will mean that teams will draft fewer players. The draft goes 50 rounds. In the past, 4 or 5 teams would drop out as the draft got into the later rounds. But, most would draft all the way through to the end since teams had so long to evaluate talent. The new rule may mean they won’t bother drafting some players they would’ve drafted in the past.
If I’m able, I’ll update this post as the draft progresses today.
Update (2 pm). [tag]Randy Boone[/tag] was drafted in the 7th by Toronto; [tag]Adrian Alaniz[/tag] in the 8th by Washington; signee Taylor Grote (cf, The Woodlands) in the 8th by the Yankees; and signee Runey Davis (cf, Georgetown) in the 11th by Pittsburgh.
Update (5 pm). [tag]James Russell[/tag] was drafted in the 14th by the Cubs; [tag]Joseph Krebs[/tag] in the 14th by Cincinnati; [tag]Chance Wheeless[/tag] in the 17th by Arizona; [tag]Nick Peoples[/tag] (as a second baseman, apparently) in the 19th by St. Louis; and signee Kevin Keyes (rf, Connally HS) in the 26th by the Rangers.
Update (6 pm). [tag]Preston Clark[/tag] was drafted in the 33rd by the Cubs; [tag]Kenn Kasparek[/tag] (who was recovering from Tommy John surgery and did not play this year) in the 34th by Washington; signee Garrett Clyde (rhp, San Jacinto College) in the 43rd by the Cubs; signee Cameron Rupp (c, Prestonwood Christian Academy in Plano) in the 43rd by Pittsburgh; and [tag]Clay Van Hook[/tag] in the 45th by Seattle.
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