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Chicago Cubs Sign Five of Top Seven Draft Picks

June 20th, 2014 at 4:03 PM
By Tim Duxbury

'Theo Epstein, Boston Red Sox' photo (c) 2010, Scott Slingsby - license:

Theo Epstein and Jed Hoyer have officially aced the 2014 MLB draft. It was reported yesterday by CBS Chicago that the Chicago Cubs have signed five of their top seven draft picks from this year’s amateur draft. The most recent signings being: signed RHP Jake Stinnett (2nd round), LHP Carson Sands (4th round), LHP Justin Steele (5th round), and RHP James Northwood (7th round). The addition of these four draft picks, in addition to 1st round pick Kyle Schwarber who signed more than a week ago, is a huge win for Chicago. So often, top draft picks will wait to sign until the very last minute, literally, in hopes of getting a bigger signing bonus and as a result they miss out on most of their first year in professional baseball. So getting these five guys in right away is huge for their development.

But perhaps the most impressive move pulled off by Epstein and Hoyer was not that they signed five of their top seven picks, but it’s how they signed them. They signed Kyle Schwarber for more than 1.5 million below his slot bonus and they signed Jake Stinnett for more than 250K below his slot bonus, which allowed them to sign Carson Sands and Justin Steele (their high school pitching prospects) for more than their slot bonus’ (often high school pitchers choose to attend college if they can’t get significant signing bonuses). 

In total the Cubs have signed 11 of their 40 selections. The only significant picks yet to sign are 3rd round pick C Mike Zagunis from Virginia Tech and RHP Dylan Cease from Milton HS (GA).

Tags: Baseball, Carson Sands, CBS Chicago, Chicago, Chicago Cubs, Dylan Cease, Jake Stinnett, James Northwood, Jed Hoyer, Justin Steele, Kyle Schwarber, Mike Zagunis, MLB, mlb draft, Theo Epstein

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