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Giants sign first-round draft pick Tyler Beede

Jul 8, 2014, 2:14 PM EDT

Tyler Beede AP

Back in 2011 the Blue Jays drafted then-high school pitcher Tyler Beede with the 21st overall pick only to see him turn down their $2.4 million signing bonus offer to attend Vanderbilt.

That incredibly risky decision actually worked out well for Beede, who was drafted 14th overall by the Giants last month and has now agreed to a $2.65 million signing bonus that’s slightly above the slot recommendation for that pick.

Beede’s numbers at Vanderbilt this season were mediocre, but he was considered a consensus top-20 talent in the draft class and could move pretty quickly through the Giants’ farm system.

  1. texansfan82 - Jul 8, 2014 at 2:30 PM

    Time value of money would seem to disagree with you. He could have had $2.4M in 2011, which at 7% interest compounded monthly would equate to $2.9M by 2014. So he actually lost $300,000 by returning to school rather than taking the $2.4M, investing it, and beginning to play professional baseball.

    • hk62 - Jul 8, 2014 at 2:43 PM

      Except for the scholarship that got him part way through a Vanderbilt degree. Although going to college costs money, even for athletes on scholarship, so you have a debit (way smaller!!!) as well as the credits added – and Vandy is not a low dollar institution! That said, if he never finishes, then the college money is a sunk cost for Vandy and really zero value to Beebe (except of course all his cool college memories).

      So you are probably correct – especially if he was knocking on the door in TOR this season – then again, they might have traded him to Miami, so signing with SF (Cali taxes and all) – might make him think he made the right decision even being out the $300K.

    • gmfw7 - Jul 8, 2014 at 3:22 PM

      potentially living in cali instead of canada, the amount of tail D1 ball players have at their disposal, and the memories of college (including playing in the CWS) all disagree with you.

      • texansfan82 - Jul 9, 2014 at 12:18 AM

        Yah you are right. I forgot how much more tail the average college pitcher would get at Vanderbilt as opposed to a semi-pro ball player in Double-A that has $2.4M in the bank.

    • gmfw7 - Jul 8, 2014 at 3:24 PM

      also…how many 18 year olds do you know that would have taken that $2.4 mil and invested all of it? had he signed in 2011, he would probably have less than $1 mil of that signing binus left now

      • kardshark1 - Jul 8, 2014 at 3:43 PM

        “how many 18 year olds do you know that would have taken that $2.4 mil and invested all of it?”

        Probably the same amount of 20 years olds that would have.

        Also, although not much, you’re not including the earned income he would have had from his two years in the minors. Plus his path to the majors (if he makes it), might have been a little quicker therefore earning him more sooner.

        Also, being a first round pick-professional MLB player, is probably more enjoyable at 18 than college memories.

  2. proudlycanadian - Jul 8, 2014 at 2:43 PM

    Bede was expected to be a second round pick when the Jays drafted him in the first round; however, he decided that he really did want to go to Vanderbilt.

    His decision worked out very well for the Jays as they got a first round compensation pick the following year. They used that pick to draft Marcus Stroman. Stroman has pitched very well since he was added to the Jay’s rotation this season. Stroman appears to be a much better pitcher than Bede.

    The Jays had the 9th and 11th picks this season and passed on Bede both times, taking players with higher upsides.

    • asimonetti88 - Jul 8, 2014 at 4:01 PM

      “Stroman appears to be a much better pitcher than Bede.”

      Based on what? Beede hasn’t thrown a single pitch in professional baseball. How do you know he’s not as good as Stroman?

      • proudlycanadian - Jul 8, 2014 at 6:00 PM

        Based on performance. Beede has not pitched well this year as a college pitcher. Stroman has pitched well in his major league starts.

  3. texansfan82 - Jul 8, 2014 at 3:10 PM

    I’m a Jays fan, so you’re right, I’m fine with the guys that they have gotten instead of him. Stroman looks like a very good pitcher, and they drafted two players this year with high upsides. My point was merely that saying because he got $2.6M this year rather than $2.4M three years ago, he didn’t actually do better for himself. He merely delayed his professional debut by three years and didn’t actually earn himself any more money.

  4. deepstblu - Jul 8, 2014 at 3:44 PM

    I hope he has a very long major league career, long enough that the sports bloggers of the future can call him The Venerable Beede.

  5. 4cornersfan - Jul 8, 2014 at 4:30 PM

    If he plays until he is 40 will the call him The Venerable Beede?

    • 4cornersfan - Jul 8, 2014 at 4:32 PM

      “will they call him…” It was so clever and then I screwed it up.

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