Cubs officially sign 4th round pick Josh Conway, 3 other picks

Cubs officially sign 4th round pick Josh Conway, 3 other picks

A while I gave you a list on some player who are either signed (unofficially) or going to sign soon.  The Cubs have actually announced a few signings.  The significance here is that all are within the first 4 rounds, led by Josh Conway (h/t Jordan), who to me was one of their better picks in the draft.  It also means we can start to get an idea of how the Cubs are trying to reallocate money among their picks, perhaps to sign Albert Amora to an above value bonus.

Here are the signings:

4th round: Josh Conway, RHP, Coastal Carolina

Signed for: 280,000  -- Value of the pick:  343,200 -- Savings:  63,200

7th round: Steve Bruno, 2B, Clemson

Signed for: 150,000  -- Value of the pick:  148,600 -- Savings: (-1,400)

8th round: Michael Heesch, RHP, South Carolina-Beufort

Signed for 10,000  --   Value of the pick:  138,800 --  Savings: 128,800

9th round: Chadd Krist, C, California

Signed for 10,000  --   Value of the pick: 129,600 --   Savings 119,600

The total savings with these 4 picks is $310,000

5th round pick Anthony Prieto, LHP, H.S. (TX) signed unofficially for 200,000.  That would be another $57,000 to add to the pot.

10th round pick Chad Martin, RHP and first round supplemental pick Pierce Johnson, RHP, also signed, though I do not know the amount on either player.

The value for the 6th pick where Albert Almora was selected is $3,250,000.  So the Cubs will be able to offer at least $3,560,000 at this point.  It could obviously be more depending on what Martin and Johnson have signed for.

Almora, RHP Paul Blackburn, RHP Duane Underwood, and RHP Ryan McNeil are the only players among the top 13 picks who, as far as we know, have not signed or agreed to terms yet.

 

 

Filed under: MLB Draft

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  • Great post like always. I wonder if Boras is keeping track of
    this (bad joke). Because of the new CBA, I guest this how
    the draft is going to be analyized. I like the slot system,
    but overall I think it is a sad for baseball.

  • In reply to emartinezjr:

    Thanks and I'm sure he's keeping track of the money at least!

  • Hey John, great info as always. Could you please explain to me how a draft pick valued at 120k-150k would sign a deal for a mere 10k? Are these players that think that they will never make it through college and are just trying to make some big league money? It looks super suspicious from an outside perspective that these kids would sign for only 10k am I delirious?

  • In reply to johnnywest333:

    Basically it seems teams picked players with the last couple picks in there top 10 rounds WAY earlier than they should be so they could save money that they can put towards others players they want more. I read somewhere that the Blue Jays picked crap players in rounds 5-10 so they could way underslot them, and spend that money on better players. Just a loop hole in the system. Something old Bud Selig and Reinsdorf didn't think about...

  • In reply to johnnywest333:

    Thanks! It's not a hard slot like the NBA There's a value for each pick in first 10 rounds and the total is your pool of money to spend on those picks. So Cubs picked a few college seniors so they can have more money to spent at top.

  • So with Heesch and Krist signing for 10k when the value of their picks are both about 130k, does that mean they're not "legitimate" 8th and 9th round picks? Seems obvious they were a cost savings strategy, but what I'm asking is if they were in the draft last year before the new rules, would they have gone much much later? Or are they legitimate 8th and 9th round talent that the front office figured they could sign cheap?

  • In reply to Carne Harris:

    They would have been picked much later under the old CBA. Both have some ability. Krist has a chance to be a backup C.

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    Is there a site we can go to to see how the draft is affecting other teams? I'd love to know how Pittsburgh plans to sign Mark Appel....

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    In reply to bocabobby:

    Pittsburgh probably isn't going to sign Appel. Apparently, he is determined to go off a cliff. There is some speculation that he may not return to Stanford either, and that he may sign with an independent league team. If he goes back into the draft and doesn't sign again, he becomes a free agent. That's an awful long time to wait and a huge risk to take, but he might find it to be worth it, and since his family is independently wealthy, it's not that huge a risk.

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    In reply to Michael Caldwell:

    New CBA rules takes their first victim...... Niceshhhhhhhhhhhh

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    In reply to bocabobby:

    Not really. Pittsburgh is guaranteed to get the 9th overall pick in the draft next year if Appel doesn't sign, and it wouldn't shock me if that is why they took him. Appel aside, Pittsburgh, like the Cubs, is getting a thumbs up from most draft experts, and lets not forget, that this was a weak draft to begin with. If Appel had been in the 2011 draft, he probably doesn't go in the top half of the first round.

  • In reply to Michael Caldwell:

    I wouldn't say that. Most thought that Appel and Giolito were the only two pitchers with true #1 starter stuff. Appel would have been easily have been picked over a guy like Taylor Jungman, who was picked 12th. I think he would have been a top 8 pick.

    Next year is going to be weak like 2012, though. And Pittsburgh had a steal at #8 in Appel. They won't get as good a player next year at the 9th spot.

  • When the owner, with the help of Bub, came up with the new CBA
    they were just thinking about $'s. During next few years they will
    realize that the teams that really needed the draft did not get the
    talent they should have. Let pray that Theo/Jed can master this
    new system and use the draft to our full advange..

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    I was reading through Jim Callis' Draft Chat that he did yesterday, and I thought it interesting that he thinks the Cubs might be able to scrape up $1M, within the rules of the new CBA, to lure Rhett Wiseman out of his commitment to Vanderbilt.

  • In reply to Michael Caldwell:

    I hope your right Michael! I will be real interested to see what happens with Almora's payout. I really hope the Cubs play hard ball and don't over slot him, we could use that money.

  • In reply to Michael Caldwell:

    That would be great, but I'm not optimistic that he'll sign. He's the Dillon Maples of this draft in that he's the most talented guy the Cubs picked after the 10th round (though Maples was a more highly rated amateur player).

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    In reply to John Arguello:

    This does make me wonder if that's a loophole in this stupid CBA. Would it make sense for a team to deliberately choose a hard-to-impossible player to sign with the intent of not signing them? This would only make sense if the following year's draft was projecting as exceptional while the current year's is below average. If they don't sign Appel, will Pittsburgh get a #9 *and* whatever pick they would normally get? That can't be the case, or this loophole would be ripe for exploitation it seems to me.

  • Llets hope Theo can come up with the money to sign all, or most, of the very good draft picks. Teams have to make tough choices on
    who to draft and for how much and still be able have a good draft.

  • In reply to emartinezjr:

    Theo is the man and I am sure he is on top of all the holes in the system. I do have to say that teams picking way lower ranked players so they can have excess funds for other players seems a little wrong. But it was the system that we were dealt, so you might as well expose the issues with it.

  • In reply to JR Cubbies:

    He's on top of it. I think quite a few teams figured it out. I agree the system is really flawed when you're picking 10K guys in the top 10 rounds.

  • John,

    If we are lucky enough to trade Dempster and Garza before the deadline, who do you see in the rotation? Will we bring up Rusin and/or McNut, or do you see Wells and Lopez sliding into last years roles?

  • In reply to socalcub:

    I don't think we'll see McNutt. We may see Wells, maybe Volstad gets another shot. Then there could be MLB ready pitchers coming back as well, i.e. Jacob Turner.

  • I wonder if this slotting system and allocating money to higher picks is going to cause animosity between some of the players when they are playing on the same Boise or AFL team? Like a "hey, I got lowballed so they could sign your butt to an extra $50,000."
    Then again, the lowball player like Krist didn't have to sign or knows he wouldn't have been picked anywhere near where he was.
    Anyway, thanks for the updates John!

  • In reply to Manny:

    I don't think so. More than likely Heesch and Krist agreed to take the 10k signing bonus before they were picked or they would not have been picked at all. I would imagine that they thought there wasn't much more money out there or they would have told the Cubs to take a hike.

  • In reply to Manny:

    Your welcome, I think that last paragraph says it all. He knows he wouldn't have been picked until later and would have gotten 10K, maybe even less, or maybe a team doesn't even make them a priority signing.

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    I like the new cba alot. I think it keeps vulchers like Boras in line and not asking for outrageous amounts of money for a kid who as only seen a couple of college arms at most. ( I do like Almora thought.) The one thing that i would do diffrent is not to allow teams to reallocate the money to other picks. You pick a guy tell them that is what you are going to get paid, tell him if you want to play baseball then play if not there's the door. For heaven sake they want millions of dollars to play A GAME. But it is the second best game of all time though.

  • In reply to Larry:

    Whatever the market will bring. Teams do not have to pay it. We are not socialists yet.

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    In reply to 44slug:

    Seems like it would be better to do a hard-slotting system like the NBA and do away with these games altogether. This system would make more sense if it was paired with a salary cap/floor. As it is, it just punishes small market teams by taking away (or at least reducing) one advantage they could pursue.

    On the other hand, I really don't like Boras, so I am enjoying that aspect of the agreement.

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