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The Chicago Cubs have been working over the last week to sign a number of Draft picks, and, though they still have yet to formally announce any signings, quite a few members of the top 10 rounds have signed with the Cubs.

Why do I mention the top 10 rounds, specifically? Recall, those are the rounds whose slot values add up to the Cubs’ bonus “pool.” In short, you total the slot recommendations for those first 10 rounds, and that’s how much the Cubs have to play with when signing Draft picks without incurring penalties (subject to a ton of caveats including an amount you can go over without having super severe penalties, and the amount you can spend on players after round 10 … you know what? It’s long and complicated, but here’s the full rundown if you need a refresher on these new rules).

Against that backdrop, there is some great news on the Cubs’ signee front. Not only have the Cubs signed their fourth, fifth, seventh, eighth, and ninth round picks, they’ve signed them, for the most part, for less than their slot recommendation. That means the Cubs will have more money to play with in order to sign, for example, first rounder Albert Almora, or overslot reaches like 25th rounder Rhett Wiseman.

As for the signings, the big one is 4th rounder Josh Conway, a junior pitcher out of Coastal Carolina, who was thought to be a top round pick until he was forced to have Tommy John surgery earlier in the year. The Cubs have reportedly signed him for $280,000, more than $60,000 under the slot recommendation. If Conway recovers well, the Cubs could have gotten a steal, both in dollar value and round value.

The Cubs have also reportedly signed fifth round pick, high school pitcher Anthony Prieto for $200,000, which is $57,000 below slot. Prieto says he was happy to get what he got, but mostly he was just eager to get started on his professional career.

The Cubs have also signed seventh round pick Steve Bruno, a second baseman out of Virginia. Bruno essentially received his slot value of about $150,000.

Finally, the Cubs were also able to ink eighth and ninth round college picks, pitcher Michael Heesch, and catcher Chadd Krist, for about $10,000 each, which is more than $100,000 below slot. This was something we anticipated the Cubs were doing when the picks were made last week.

All told, between these five signings, the Cubs have saved about $370,000 against their pool, which funds, as I said, can be used to step up the offers to some of the tougher signs.

In the coming weeks, more signings will trickle in, and we’ll keep tabs on where the Cubs stand against their bonus pool. Some signings have already taken place, but we don’t have the financial details quite yet. For example, we know that supplemental first rounder Pierce Johnson has signed (pending a physical), but no terms have yet been announced.

  • http://Yahoo shelby menge

    Are the chicago cubs any closer signing there first pick albert almora please tell me?

  • Jp

    Yes we’re one day closer to the signing deadline, hence he’s closer to signing since no way he turns down a pro contract for the 2012 Chicago Cubs in 2012

  • http://Yahoo shelby menge

    People said some where on my computer that the chicago cubs are going to sign ten or twelve mor draft picks that are left to sign?

  • http://Yahoo shelby menge

    How many more are the chicago cubs are going to sign from the 2012 draft of this year?

    • Spencer

      this is epically (new word) entertaining

      • DocPeterWimsey

        You have never been on an scifi/fantasy board then.  “Epically,” “Epicific,” “Epifying,” “Epification,” can be found everywhere.  I think I’ve seen entire posts that used “Epic” as noun, verb, adjective, adverb and (somehow) pronoun in a single post…….

        It’s like, an Epic Gerund, man!

  • http://Yahoo shelby menge

    Are the chicago cubs any closer of signing albert almora?

  • http://Yahoo shelby menge

    Is albert almara any closer of signing?

  • Jp

    Not me this time

  • http://Yahoo shelby menge

    How many more draft picks are the chicago cubs are going to sign from the 2012 class?

    • Scotti

      Hopefully at least one…

  • http://Yahoo shelby menge

    Are the chicago cubs any closer signing albert almora to a contract?

  • Jp

    The date is closer..

  • http://Yahoo shelby menge

    Do you think the chicago cubs are going to get albert almora signed before the date?

    • http://www.bleachernation.com Luke

      Again, yes.  Nothing has changed.  The Cubs are still expected to sign Almora, and the signing is not expected to come until very close to the deadline.  There are no signs of any trouble.

      As has been the case since the draft, there is a chance it does not get done, but not a significant chance.  Almora is near universally expected to sign with the Cubs by the deadline.

  • http://Yahoo shelby menge

    Do you think the chicago cubs will sign duane underwood before the deadline?

  • nkniacc13

    yes

  • http://Yahoo shelby menge

    Are the chicago cubs still going to albert almora next week sometime?

    • Pat

      For what it’s worth, my source (magic eight ball) says “ask again later”.

    • Jeff

      My Source, (Magic Mike) says “Get Ready to do the Almora dance!”

  • http://Yahoo shelby menge

    When will albert almora be signing next week?

  • http://Yahoo shelby menge

    How many more draft picks do you think the chicago cubs will sign from this class of 2012?

  • http://Yahoo shelby menge

    Is albert almora any closer of signing his contract with the chicago cubs.

  • http://Yahoo shelby menge

    Is albert almora going to sign before this friday?

  • http://Yahoo shelby menge

    Some where on my computer the said they have signed albert almora?

  • http://Yahoo shelby menge

    So have the chicago cubs sign albert almora right guys?

    • http://www.bleachernation.com Brett

      Yes.

      The end.

  • http://Yahoo shelby menge

    Is ryan dempster close of getting traded to the dodgers tonight or sometime this weekend?

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