Report: Cubs sign first-rounder Kyle Schwarber well under slot
The Cubs have signed their first round pick (fourth overall) Kyle Schwarber, reportedly to big savings that will help them sign other draftees.
The Cubs have reached an agreement with their first-round draft pick Kyle Schwarber, a catcher/outfielder out of Indiana University, according to Carrie Muskat of Cubs.com. The report indicates Schwarber was signed for $3.125 million. Considering Schwarber was the fourth overall pick in the entire draft, that's pretty low. Here's the good news for the Cubs:
For those unfamiliar, the way the MLB draft system works is each team only has an alloted pool of money to spend with each pick in the draft getting a "slot" value. So when a team is able to sign a player well below the slot value like this, they have more money to sign other players by going over the slot value.
In the case of the Cubs, for example, they grabbed several high-upside, high-school pitchers a little bit later who are committed to colleges and are also considered tough to sign. With the savings from the Schwarber signing, they'll have some extra money to be able to go above the draft slot on a few of these guys.
As for Schwarber himself, the left-handed hitter posted a line of .358/.464/.659 with 16 doubles, 14 homers, 48 RBI and 10 stolen bases in 59 games for Indiana this past season. The Cubs publicly said they loved his approach at the plate, which shows through with 44 walks against 30 strikeouts. He's a two-time All-America selection and was widely viewed as the top collegiate hitter entering the draft.
The Cubs have announced that Schwarber will report to their Rookie league affiliate (Boise) this coming Friday.
For the first time since April 30, Britton allowed an earned run
What does each team need to get done most of all between now and the end of the regular se...
The rookie outfielder will be further evaluated, though
Pujols clubbed his 584th career home run on Wednesday
He's the oldest player to ever hit 30 in a season, but there's more
With Giancarlo Stanton out, the Marlins are fortifying their outfield depth