The signing deadline for the 2018 draft is next Friday, July 6th, and the Yankees have now signed all their notable picks. The only thing left is inking late rounders to fill out minor league rosters and maybe make one last offer to players who’ve said they’re not ready to turn pro. Here are our Day One, Day Two, and Day Three draft recaps and here are the latest draft signing updates:
- UNC RHP Rodney Hutchison (6th round) has signed, reports Jim Callis. Here’s a photo of the contract signing. Hutchison was the final pick in the top ten rounds to sign because the Tar Heels went to the College World Series and he had to wait for his season end to sign. Anyway, Hutchison received a $197,500 bonus. Slot money for the 187th overall pick was $247,600.
- Bucknell RHP Connor Van Hoose (8th round), Grand Canyon RHP Mick Vorhof (9th round), and UNC Charlotte LHP Josh Maciejewski (10th round) all signed for $7,500 as college seniors, according to MLB.com. Their signings had been previously announced, and now we know the bonuses. Those three create $420,700 in bonus pool savings. They effectively pay for Tennessee OF Ryder Green’s (3rd round) overslot bonus.
- South Carolina JuCo RHP Tanner Myatt (11th) signed for a $147,500 bonus, reports Jim Callis. He pitched in a minor league game the other day, so this is no surprise. Every dollar over $125,000 given to a player drafted after the tenth round counts against the bonus pool, so Myatt’s bonus comes with a $22,500 bonus pool charge.
- If you’re interested, the MLB.com Draft Tracker has bonus information for many late round signings. Among players taken after the tenth round, Myatt is the only overslot bonus so far. The late round bonuses range anywhere from $5,000 to $125,000.
As our Draft Pool Tracker show, the Yankees are over their $6,115,100 bonus pool by $243,300, or 3.98%. They’ll pay a 75% tax on the overage ($182,475) and they still have about $60,000 to spend before hitting the next penalty tier, which means forfeiting next year’s first round pick. That won’t happen. That last $60,000 may get funneled somewhere, but, by and large, the Yankees have spent all they can spend on the 2018 draft class.
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