San Francisco Giants Sign 1st Round Pick Christian Arroyo
It was reported today that the Giants have signed their 1st round pick in the 2013 draft, high school shortstop Christian Arroyo. Jim Callis of Baseball America reports that the Giants gave Arroyo a signing bonus of $1,866,500, the full slot amount for the 25th pick in the draft.
The Giants have now signed their first two picks in the 2013 Draft, having signed 2nd rounder Ryder Jones, another high school shortstop, last week. That’s the good news.
The bad news is that the Giants gave Jones a bonus of $880,000, $8,000 over the slot amount for the 64th overall pick, which means that while the Giants drafted both Arroyo and Jones much higher than the leading commentators ranked them (Arroyo: Baseball America 102nd; ESPN’s Keith Law 99th; MLB.com not in top 100. Jones: Baseball America 197th; Keith Law and MLB.com not in top 100), they didn’t get a discount on either player which could then be applied to the Giants’ later draft picks.
Specifically, in rounds 11 through 40, the Giants drafted twelve high school players, many of whom have already committed to colleges and thus presumably will require significant signing bonuses to go pro now. However, unless the Giants save money from their pool for their picks in the first ten rounds, they can’t offer any of these later draft picks more than $100,000 to sign. Scholarships at major universities are worth more than that.
Conceivably, the Giants could still sign some of their other top ten round picks for less than slot, but I don’t see big savings here. According to the McCovey Chronicles, the Giants’ 8th and 9th round picks Tyler Horan and DJ Snelton have already signed for the slot amounts, and the team’s 3rd through 7th round picks are all college juniors who will presumably sign for close to their slot amounts.
The fact that the Giants drafted both Arroyo and Jones so much higher than anyone expected and still couldn’t squeeze out at least $500,000 or $600,000 in slot savings between the two to make a run at some of the college-committed high schoolers selected later in the draft is more than a little discouraging. While it’s impossible to say how this year’s drafted players will turn out, it’s safe to say that on paper at least the Giants’ 2013 draft was the worst in MLB this year.