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 …
Author: Cam Lewis / Blue Jays Nation