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Astros, No. 1 pick Carlos Correa have verbal agreement

Jun 6, 2012, 6:13 PM EST

Carlos Correa AP

Astros owner Jim Crane told MLB.com’s Brian McTaggert that the team and Carlos Correa have come to a verbal agreement less than 48 hours after he was picked first overall in the MLB draft.

Correa is expected to get around $5 million, which would leave the Astros with over $6 million to sign the rest of their picks. With Correa coming in roughly $2 million under his assigned slot value, it gives the team plenty of flexibility to sign highly regarded supplemental first-rounder Lance McCullers.

Reports indicated that the Astros offered Stanford right-hander Mark Appel a $6 million bonus prior to the draft and turned to Correa after Appel turned them down. Appel slipped to the Pirates with the No. 8 pick.

The 17-year-old Correa is expected to begin his pro career with the Gulf Coast League Astros later this month.

  1. thekingdave - Jun 6, 2012 at 6:31 PM

    Awesome, this guy will look good in navy and orange hopefully by 2017.

  2. blazertop - Jun 6, 2012 at 7:23 PM

    Isn’t Appel’s agent Scott Boras? Explains a lot.

  3. nategearhart - Jun 6, 2012 at 8:32 PM

    “Explains a lot”? Why should he have signed for over a million under slot?

    • churchoftheperpetuallyoutraged - Jun 6, 2012 at 11:24 PM

      Welcome to HBT, where most of the commentariat thinks these young guys should just sit down, shut up and take whatever offers are given to them regardless of actual $ amount compared to slot; however, if the same comment[ariat] were offered a position at a company for a 20-30% discounted rate from everyone else, would scream bloody murder.

      • stex52 - Jun 7, 2012 at 9:28 AM

        True enough. Appel took a hit in the deal, but most of us would probably have done the same thing if we were offered a deal under an established value.

      • term3186 - Jun 7, 2012 at 10:55 AM

        Yes, he was offered less than MLB’s slot value. So what? You can either A) Take the $6 million or B) take a nosedive down the draft board, and more than likely sign for far less than $6 million, or C) Go back to college, and likely take even less money next year.

        That isn’t really a tough decision. At least it shouldn’t be. And if your ego is so huge that you’re willing to risk millions over a dispute of $1 million, without ever having pitched an inning professionally, good luck and good riddance.

        Projected slot value, quite frankly, is irrelevant. Welcome to capitalism. The Astros are looking to get as much as possible for as little as possible. Appel (one would presume) is trying to get large a signing bonus as possible. One of these two parties did a good job. (hint: it wasn’t Appel)

      • nategearhart - Jun 7, 2012 at 1:44 PM

        Well I’m sure he probably didn’t expect a “nosedive down the draft board”. But I guess respect is not so big a deal these days, huh. MLB says the no. 1 pick is worth 7.2 million, but the Astros say “We’re not paying that much because we don’t want to pay that much”. So they call him up and say “Hey, the industry heads say you’re worth this much, but we’re only going to give you 85% of that. ‘Cause we feel like it”. I completely understand him saying no to being offered less than he was worth.

    • danielcp0303 - Jun 7, 2012 at 1:27 AM

      He should have signed for a million under slot because even if he drops just one spot, that slot is 6.2 million. So he’s basically arguing over two hundred thousand dollars instead of just taking the deal of being the number one pick. By the way, a lot of reports are saying he’s asking for over slot value…which means he’s also willing to punish the team by taking away draft picks. There’s a reason 7 teams passed on this guy, that reason is Scott Boras.

    • foreverlsu - Jun 7, 2012 at 9:24 AM

      …because he ended up losing $3.4 M by not signing with Astros, smart guy

      • nategearhart - Jun 7, 2012 at 1:45 PM

        Well now we know how much you think “respect” and “dignity” are worth.

  4. baseballisboring - Jun 6, 2012 at 10:10 PM

    Kid’s got a babyface.

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