With last month's MLB draft being shortened to just five rounds, front offices had to get creative to try and get the most bang for their buck. On Thursday we got a better idea of what the Giants' plan was with their league-high seven selections.
The Giants announced that three additional picks had signed Thursday, and according to MLB.com's Jim Callis, two of them came in well under the slot value for their selection.
Supplemental 2nd-rder Jimmy Glowenke signs with @SFGiants For $600k (slot 68 value = $953,100). Dallas Baptist SS, VG contact hitter/OBP guy, sure hands, projected to go in 4th-5th rd b/c he didn't play in field this spring following offseason elbow surgery. @MLBDraft #WearAMask— Jim Callis (@jimcallisMLB) July 2, 2020
5th-rder Ryan Murphy signs with @SFGiants for $25k (slot 144 value = $379k). Le Moyne RHP, top D-II pick in @MLBDraft, throws strikes with three pitches, @TheNECBL pitcher of the year last summer. #WearAMask— Jim Callis (@jimcallisMLB) July 2, 2020
The Giants also have signed second-rounder Casey Schmitt, although it's unclear what his bonus was. On Wednesday, first-round pick Patrick Bailey signed, and he also reportedly came in under the slot value of the 13th pick.
The Giants had $9,231,800 to spend on their seven selections and thus far have announced the signing of four of them. If you add up the savings of the known bonuses, they're about $1.1 million under slot. Where is that being made up? With a local player, who was viewed by many in the industry as too tough to sign.
De La Salle left-hander Kyle Harrison went in the third round in part because it was thought it would be hard to get him out of a commitment to UCLA. Harrison was picked 85th overall by the Giants and, while they haven't announced a deal yet, he reportedly will sign for $2.5 million, which was the slot value for the 28th pick in the first round.
That figure, if it ends up being his signing number, is nearly $1.8 million more than the slot value for Harrison's pick, and the Giants had to get to that amount by making cuts elsewhere. It's a strategy that was clear during the draft, as some of their other picks were viewed as slight reaches by opposing scouts.
It's a gamble, but a worthwhile one. If the Giants are right about Harrison, they've added a first-round talent to their organization and potentially have filled a future hole in their rotation. In order to make the numbers work, they simply used some of their other picks on players who might have gone slightly higher than they expected and would sign for a lesser number.
While the Giants have not yet announced that Harrison deal, they are confident that all seven of their selections will sign.
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