We’ve known for a few days that Austin Martin and the Blue Jays had reached a deal, but we didn’t know what the signing bonus was.
Finally, on Wednesday, Jon Heyman reported that the fifth-overall pick from the 2020 draft is receiving a signing bonus of $7,000,825. That’s the second-highest signing bonus in the draft so far, behind only first-overall pick Spencer Torkelson, and, as expected, is well over the recommended slot value of $6,180,700.
Austin Martin signs with Jays for $7,000,825. Vandy OF-INF was No. 5 pick. Over slot.
— Jon Heyman (@JonHeyman) July 8, 2020
Martin was expected by many to go second overall in the draft, so when he fell to the Blue Jays at five, it was inevitable that he would be seeking a signing bonus above slot value. Right after the draft, it was reported that his agent, Scott Boras, would be seeking a deal over $7,000,000. He accomplished exactly that.
I imagine we’ll see Martin get added to the 60-man pool in the next little while so he can join the Blue Jays’ off-site camp once the season gets rolling. I really doubt we’ll see him get into a game this year with the team, though.
So, with Martin signed, the Jays have figured out deals for four of their five draft picks… First-round pick Martin’s signing bonus is $7,000,825, well above the recommended slot value of $6,180,700. Second-round pick C.J. Van Eyk’s signing bonus is $1.8 million, slightly over the recommended slot value of $1,771,100. Third-round pick Trent Plamer’s signing bonus is $850,000, again slightly above the recommended slot value of $805,600. Fifth-round pick Zack Britton’s signing bonus is $97,500, well below the recommended slot value of $410,100. Total: $9,784,325 in bonuses have been allocated to four picks with a combined recommended slot value of $9,167,500. The Blue Jays have a total bonus pool of $9,716,500, meaning there is $549,000 left for their final signing. The only once left to sign is fourth-round pick Nick Frasso. His slot value is $549,000, so, if my math is correct, there’s just enough room to get a deal done.
Aaaaaand just as I had finished figuring that out, it was announced that Frasso and the Jays reached a deal!
4th-rd @MLBDraft pick Nick Frasso signs w/@bluejays for $459K (pick 106 value = $549K). @lmulionsBSB RHP closed as a soph, moved into rotation this spring, tho missed time with minor elbow issue. 3-pitch mix and 6-ft-5 frame are intriguing. #WearAMask
— Jonathan Mayo (@JonathanMayo) July 8, 2020
So that’s that! The Jays got Frasso to sign under slot and, thus, all five of their picks have been signed. Good stuff! This has shaped up to be a hell of a draft.
— Jim Callis (@jimcallisMLB) July 8, 2020