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

Cubs sign top-pick Almora

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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.

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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.

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