Jul 13, 2012, 5:07 PM EDT
Just seconds before today’s 5:00 p.m. eastern time deadline the Nationals and No. 16 overall pick Lucas Giolito agreed to a $2.925 million bonus, according to Jim Callis of Baseball America.
Giolito was in the mix for the No. 1 overall pick before an elbow injury ended his season and questions about the California high school right-hander’s bonus demands likely caused him to drop even further, but the Nationals happily snatched up one of the draft’s highest-upside prospects in the middle of the first round and worked out a deal.
Slot value for the 16th pick was $2.125 million, so drawing things out until the last second earned Giolito an extra $800,000 and by going over their allotted budget the Nationals will have to pay a tax. They will not, however, have to forfeit a draft pick next year, which is something general manager Mike Rizzo insisted all along they were unwilling to do.
- It certainly looks like Barry Bonds’ criminal conviction is going to be overturned 2
- VIDEO: Derek Jeter hits first home run at Yankee Stadium this season 4
- Ron Washington claims he resigned because he cheated on his wife 83
- No, baseball does not need to “announce a domestic violence policy ASAP” 51
- And That Happened: Wednesday’s scores and highlights 48
- Video: Rusney Castillo notches his first major league hit 7
- Michael Wacha cleared to return Saturday vs. Reds 2
- Marlins officially shut down Giancarlo Stanton for the season 6
- Chris Davis suspended 25 games for amphetamine use (92)
- Giancarlo Stanton diagnosed with multiple facial fractures and dental damage (91)
- Bud Selig can’t remember the last domestic violence incident in Major League Baseball (90)
- Ron Washington claims he resigned because he cheated on his wife (85)
- A couple of initial thoughts on the Chris Davis suspension (83)