Blue Jays Draft Update: Zach Britton signs under-slot deal while C.J. Van Eyk and Trent Palmer sign over-slot deals

The Blue Jays have now signed three of their five draft picks as pitchers C.J. Van Eyk and Trent Palmer along with outfielder Zach Britton have agreed to deals. First-round pick Austin Martin and fourth-round pick Nick Frasso have yet to sign.

Second-round pick Van Eyk’s signing bonus is $1.8 million, slightly over the recommended slot value of $1,771,100.
Third-round pick Plamer’s signing bonus is $850,000, again slightly above the recommended slot value of $805,600.
Fifth-round pick Britton’s signing bonus is $97,500, well below the recommended slot value of $410,100.
Total: $2,747,500 in bonuses have been allocated to three picks with a combined recommended slot value of $2,986,800. The Blue Jays so far are $239,300 under slot. 

The Blue Jays have a bonus pool of $9,716,500. If a team goes over that pool by 5 to 10 percent, they must pay a 100 percent tax on the excess and will lose their next first-round pick. That means that the Jays can exceed the $9,716,500 figure by about $485,000 without losing a draft pick.
The recommended value for Martin, who was drafted with the fifth-overall pick, is $6,180,700, but Martin was expecting to go higher in the draft, so he’ll more than likely command a signing bonus …

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Author: Cam Lewis / Blue Jays Nation

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