Chicago Sun-Times
with sports reporters Chris De Luca and Gordon Wittenmyer

Cubs sign top-pick Almora

| No Comments | No TrackBacks

The Cubs wasted no time getting a deal done with top draft pick Albert Almora once they got their second-round pick done late last week.

Almora, a high school outfielder taken with the No. 6 overall pick, agreed to a $3.9-million bonus, according to a Baseball America report Monday - essentially the amount the Cubs could afford to pay without penalty of losing a future draft pick once second-round pick Duane Underwood's deal got done.

Almora confirmed the signing in multiple tweets Monday.

New, rigid restrictions on draft bonuses went into effect this year. To get to $3.9 million, the Cubs went about $400,000 over the limit MLB placed on their overall draft pool - triggering steep tax penalties on that amount but falling just short of the figure that would have cost a future pick.

Almora's No. 6 slot was valued by MLB at $3.25 million.

No TrackBacks

TrackBack URL: http://blogs.suntimes.com/cgi-bin/mt-tb.cgi/48234

Leave a comment

About this Entry

This page contains a single entry by Gordon Wittenmyer published on July 9, 2012 10:52 PM.

Cubs' Dempster to start Sunday -- and re-start trade interest was the previous entry in this blog.

Cubs Sign Second Round Pick is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.