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Cardinals sign first-rounder James Ramsey for $1.6 million

Jun 26, 2012, 10:47 AM EDT

mlb draft

Florida State outfielder James Ramsey and the Cardinals have agreed to a $1.6 million deal that’s slightly below the slot value for the No. 23 overall pick.

That means Ramsey and his agent actually did pretty well considering his lack of leverage as a college senior. In fact, according to Jim Callis of Baseball America his $1.6 million bonus is the highest for a college senior position player since Matt LaPorta signed for $2.1 million as the No. 7 overall pick back in 2007.

Baseball America ranked Ramsey as the 51st-best player in the draft and he ended up making an extra $1.2 million or so by turning down the Twins’ offer him to sign him as a 22nd-round pick last year.

  1. proudlycanadian - Jun 26, 2012 at 11:59 AM

    This puts some pressure on the #22 pick Marcus Stroman who seems to want the Jays to pay more than the $1.8 million slot value. Stroman will have no leverage is he does not sign and goes back into the draft as a senior.

  2. paperlions - Jun 26, 2012 at 12:47 PM

    If this turns out to be true (the Cardinals haven’t confirmed/announce it yet), horrible deal by the Cardinals. There were dozens of better picks to be made if they were going to be paying slot, the only reason to take a low ceiling player like Ramsey was to save big on the signing….now, it just looks like a crappy pick and the likelihood of signing Foody or Williams went way way down.

    In short, this sucks.

  3. okwhitefalcon - Jun 26, 2012 at 1:46 PM

    Looks like Foody signed this morning, from Derrick Goold:

    “The Cardinals have agreed to terms with 12th-round pick Max Foody, a lefthanded pitcher from the IMG Academy in Florida. He received a $385,000 bonus, which is more than the slotted bonus for his spot in the draft.”

    Read more:

    • paperlions - Jun 26, 2012 at 2:51 PM

      Sweet. It was erroneously reported a couple weeks ago that he signed for $400K….so…this is like saving $15k.

      I would guess that signing Foody excludes signing Williams…but, if they can save something on Mejia and Heyer (which won’t be much), and they don’t mind paying taxes for going a few % over their spending limit, they may be able to sign Williams….but its a long shot….they could theoretically go as high as $600K on him and not lose picks.

  4. proudlycanadian - Jun 26, 2012 at 3:33 PM

    It will be a very trying summer for Boras clients and the teams that drafted them. I do not think that any of his “high profile” draftees have signed yet.

    • paperlions - Jun 26, 2012 at 4:03 PM

      Interestingly, the new format actually gives many players MORE leverage in negotiations…..not to get over slot deals, but to get slot or close to slot. This Ramsey case is the perfect example. Even if the Cardinals took him and expected to sign him for $800K, slot was $1.775M…so, if they don’t sign him, they lose that amount off of their spending cap, so if they are over budget already, they are screwed = leverage to draftee. Plus, teams only get compensation picks for unsigned players if the player is offered and turns down a deal worth at least the recommended slot = leverage to draftee.

      What this all means is that players drafted by teams with the expectation that they will sign for far below slot have more leverage than you would think. With respect to Boras, it’ll be interesting to see how he plays it. He may try to wait until the end, and then try to push a team all the way to the 5% over budget number (the most a team can spend without losing picks)..

      • proudlycanadian - Jun 26, 2012 at 5:40 PM

        Good point. Players drafted high do have some leverage, but most seniors have little leverage. For example, the Jays picked 7 seniors from rounds 4 to 10 and paid a total of $31,000 in signing bonuses to them. This freed up money that they used to sign the three highly rated players the took in the compensation round as well as the “unsignable” player they took in round 3.

      • paperlions - Jun 26, 2012 at 5:46 PM

        $31K for those 7 players? Are you missing a 0 there?

  5. okwhitefalcon - Jun 26, 2012 at 4:41 PM

    It good they’re getting these guys signed and in the fold, it appears they’re may to need to restock
    if clarity is reached soon with a couple of the wounded.

    Lots of speculation today in the STL media that the Cards are now preparing to move prospects to secure a starter and much needed bullpen help with the realization of the possibility that neither Jaime Garcia or Chris Carpenter will likely be available for the rest of the year.

    A quick look at who they’d prefer to hold onto and who may be available from Jeff Gordon:

    • paperlions - Jun 26, 2012 at 5:40 PM

      I agree with those 6 guys that shouldn’t be trade….and would add Wong. He could put an end to the comedy of errors/groans that has been 2B for the Cardinals.

      Bullpens are unpredictable things, these same guys that are struggling now are the same guys that were shut down for the last couple months of 2011 and the playoffs….and Duncan wasn’t around most of that time either.

      I won’t mind of they make some trades, but Miller, Taveras, Wong, Rosenthal, Adams, etc are guys the team is going to need next year and can’t afford to give up for any rental.

      • okwhitefalcon - Jun 26, 2012 at 6:27 PM

        Wong not being on the list struck me as odd, he could absolutely stop the revolving door at 2B if he keeps progressing.

        I think Adams time will come as well, not sure if next year is the year with Beltran signed for another year and Craig being the likely everday first baseman but he’ll be in the mix at some point, he’s been raking in Memphis since being sent down – up to nearly .350.

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