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-   -   Nationals go over slot, sign Lucas Giolito for $2.925 million (https://www.baseballforum.com/washington-nationals/81638-nationals-go-over-slot-sign-lucas.html)

Major Seahawk 07-14-2012 03:11 AM

Nationals go over slot, sign Lucas Giolito for $2.925 million
 
Quote:

Just seconds before todayís 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-handerís bonus demands likely caused him to drop even further, but the Nationals happily snatched up one of the draftís 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.
Nationals go over slot, sign Lucas Giolito for $2.925 million | HardballTalk


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