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Draft signings roundup: No. 1 pick Gerrit Cole gets $8 million bonus

Aug 16, 2011, 1:02 AM EDT

Gerrit Cole - UCLA AP

MLB’s attempts at holding down draft pick bonuses again resulted in a wave of signings announced just after the midnight deadline.  This year, all but one first-round pick, the Blue Jays’ Tyler Beede, got a deal done.

Top overall pick Gerrit Cole of the Pirates was one of 23 first-round picks to sign just prior to the deadline, agreeing to a deal with an $8 million bonusVirginia left-hander Danny Hultzen, the No. 2 overall pick by the Mariners, did just about as good, getting a major league deal worth $8.5 million over five years.

The Orioles’ Dylan Bundy received a four-year major league deal worth $6.25 million.  He was the fourth overall pick.  No. 5 pick Bubba Starling, an outfielder who had the option of playing quarterback for Nebraska, received a $7.5 million bonus from the Royals.  No. 6 pick Anthony Rendon got a major league deal worth $7.4 million from the Nationals.

(Trevor Bauer, the third overall selection by the Diamondbacks, was the only top-nine pick to sign prior to Monday’s deadline.  He got a major league deal worth about $7 million on July 25.)

The biggest surprises Monday were that the Pirates managed to sign 61st overall pick Josh Bell and that the Nationals got a deal done with their third-round pick, Matt Purke.  Bell, who told teams not to draft him because he was planning to go to the University of Texas, was viewed as a mid-first-round talent.  He got a top-10-type bonus of $5 million.  Purke, a first-round pick by the Rangers out of high school, entered 2011 as a likely top-five overall pick, only to slip because of arm problems.  He fell in the draft, too, but the Nationals inked him to a major league deal worth $4.4 million.

Besides Beede, the 21st overall selection, only one other top-60 pick failed to sign.  That was supplemental first-rounder Brad Austin, a catcher taken 54th by the Padres.

  1. hittfamily - Aug 16, 2011 at 1:14 AM

    Rays signed 10 of the first 60 picks. Sometimes, it is fun being a fan of a team that can’t afford to keep it’s players.

    • proudlycanadian - Aug 16, 2011 at 8:25 AM

      The quantity is impressive. Rays fans have a lot of good prospects to watch in future years. It will be several years before we know how good the prospects are.

    • sportsdrenched - Aug 16, 2011 at 9:24 AM

      Exactly, When you’re a fan of such a team it’s more fun to follow the AA and AAA teams and think about potential than to watch the product on the major league field.

  2. proudlycanadian - Aug 16, 2011 at 6:38 AM

    The Jays may have missed on Beede, but they did sign Daniel Norris who like Bell was considered to be an unsignable mid first round talent.They drafted him in the second round at #74. They signed all 4 sandwich round picks. Next year the Jays will get 2 first round picks.

    • Ari Collins - Aug 16, 2011 at 3:32 PM

      An outstanding draft even without Beede.

      Who will get Toronto its extra first-rounder next year?

      • Ari Collins - Aug 16, 2011 at 8:06 PM

        Oh. They’ll get it from Beede. Yeah, I was just being slow.

  3. crambow - Aug 16, 2011 at 6:46 AM

    The Pirates front office would part with is 8 million Heinz ketchup packets, not 8 million dollars.

    • bigmeechy74 - Aug 16, 2011 at 11:36 AM

      that doesnt make sense

  4. Ari Collins - Aug 16, 2011 at 10:13 AM

    The general consensus in the prospect community is that the best drafts were had by, in no particular order:


    Washington in particular had an amazing draft.

    • Ari Collins - Aug 16, 2011 at 10:16 AM

      Seems to me the other elite drafts were TB, ARI, and PIT.

    • Ari Collins - Aug 16, 2011 at 10:17 AM

      Of course, you don’t know ultimately until the players prove themselves on the field. But the teams above are to be commended for having opened up their wallets to get impressive new minor league talent into their system.

    • Ari Collins - Aug 16, 2011 at 12:09 PM

      Forgot MIL. Also a very good draft.

  5. unknowneric - Aug 16, 2011 at 2:20 PM

    Hearing the words “Orioles,” “pitcher,” and “major league contract” together are making me have scary Adam Loewen flashbacks.

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