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The Texas Rangers and Vanderbilt right-hander Jack Leiter, the No. 2 pick in the draft, have reached an agreement on a contract that will include a $7.9 million signing bonus, according to ESPN's Jeff Passan. The Rangers have called a press conference for Wednesday afternoon to officially introduce Leiter as part of the organization.

Leiter, 21, was ranked by CBS Sports as the second best prospect in the class. Here's what we wrote at the time:

Leiter has a fastball that doesn't take the stairway to heaven so much as it ziplines in, hopping over bats on the way to the mitt. That effect is achieved by a combination of its innate "rise"; the flat plane his release point and stature create to the top of the zone; and its mid-to-upper-90s velocity. Scouts would like to see him become more consistent with his secondaries, but there is a belief that he'll be able to turn at least one of his breaking balls, be it his curveball or his slider, into a trusty outpitch before long. Leiter is held as intelligent and hardworking, and perhaps that shouldn't come as a surprise given that his father, uncle, and cousin all pitched in the majors. 

Leiter's $7.9 million signing bonus is slightly over the $7.79 million recommended slot for the No. 2 pick. It's also the highest figure in the class so far. Previously, the highest signing bonus had belonged to Jackson Jobe, the No. 3 pick who signed with the Detroit Tigers for $6.9 million.

The highest remaining unsigned pick is now Jordan Lawlar, the Arizona Diamondbacks' selection at No. 6. Kumar Rocker, Leiter's teammate at Vanderbilt and the No. 10 pick in the 2021 MLB Draft, is having some issues getting a deal done with the New York Mets.