The Cubs Have Signed 4th Rounder Josh Conway, 5th Rounder Anthony Prieto, and Three Other Top Ten Picks

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.

Brett Taylor is the editor and lead writer at Bleacher Nation, and can also be found as Bleacher Nation on Twitter and on Facebook.

157 responses to “The Cubs Have Signed 4th Rounder Josh Conway, 5th Rounder Anthony Prieto, and Three Other Top Ten Picks”

  1. shelby menge

    Who do you think the chicago cubs will trade first matt garza or ryan dempster first?

  2. shelby menge

    How many trades do you think the chicago cubs will make by the trading deadline?

    1. calicubsfan007

      @ shelby: I bet 5.

  3. shelby menge

    Will anthany rizzo be called up sometime this month sometime?

    1. Carew

      Shortly after the 23rd i think it was

    2. @cubsfantroy

      Ummmm, what?

  4. shelby menge

    Do you think the chicago cubs are going to get the first pick in the 2013 mlb first player draft of next year?

    1. ProfessorCub

      Not the 2013 draft of next year, but possibly the 2013 draft in 2 or 3 years.

      1. Ted

        I honestly don’t see it before 2016.

  5. shelby menge

    Do you think the chicago cubs are going to sign underwood sometime soon?

    1. Drew7

      Seriously?

    2. Ogyu

      Do you think it would be possible to ask more questions about the chicago cubs and what the chicago cubs may or may not be doing if they do something?

    3. Ogyu

      Yes. Carrie Underwood.

      1. Carew

        Shes super hot

        1. Ogyu

          Got a great babip and her woba’s not bad either. ;-)

  6. shelby menge

    What was your draft grade of the chicago cubs of 2012 for this year?

    1. ProfessorCub

      Well, Shelb (can I call you that?), I’m going to have to wait a bit before I give my grade (I know everyone is waiting with great anticipation for it), but I’d really, really love to hear what you think. What’s your grade for this year’s 2012 Chicago Cubs’ draft, SM?

  7. Jp

    Did you know the human head weighs 8 lbs.

  8. shelby menge

    I think that anthany rizzo can be a super star sometime in i life time as a chicago cub.

  9. shelby menge

    How many home runs do the chicago cubs have tonights game?

    1. Drew7

      Bees and dogs can smell fear…

      1. Jp

        Yes! Did you know the human head weighs 8 pounds!

    2. ProfessorCub

      Yes!! Love that you’re still using this old post as well.

    3. Drew7

      I love lamp…

    4. Jacob

      They have 12 Shelby.

  10. Jp

    Yep, if you dont look at it maybe it’ll go away doesn’t work with this one. Here I go laughing waking up my wife again, giving her one more reason to hate the cubs…

    1. ProfessorCub

      Trolling? Google the name and find similar comments on other sites

  11. Jp

    Anyone else listen to Tony Kornheiser’s podcast? We could have Reginald vs Jaws vs Shelby! Could be awesome

  12. shelby menge

    What time do the chicago cubs play tonight?

    1. Fishin Phil

      Same time as the Chicago Whitesox.

    2. Cooper R

      Yes! The Shelbinator is back in business.

    3. Cubbie Blues

      Here’s a link. lmgtfy

  13. shelby menge

    Do you think that matt garza will be gone by the trading deadline?

  14. shelby menge

    Who are the two cuba players we are looking at right now?

    1. Cubs Dude

      I think menge is actually Larry Luccino angry over the Theo compensation, so he trolls on Cubs websites.

      1. Cooper R

        Menge is actually Mike Quade and he isn’t trolling, those are his legitimate questions.

        1. Cubs Dude

          Hmmm. You are probably right. Quade has more time on his hands than Luccino…

  15. shelby menge

    Do you think the chicago cubs will be making some moves in the offseason sometime?

  16. shelby menge

    We need to get some more runs chicago cubs, we Also need to sign more draft picks chicago cubs.

  17. shelby menge

    We need to sign albert almora chicago cubs.

    1. Jp

      Why you’re right shelby, is there anyone else we need to sign????

      1. Jacob

        The Chicago Cubs need to sign Duane Underwood Chicago Cubs need runs. Sorry couldn’t resist.

  18. shelby menge

    Duane underwood, Ryan mcneil,And Trey lang.

    1. Jp

      Surely that can’t be all that’s left to sign??

      1. Cooper R

        It is, and don’t call me Shirley.

  19. shelby menge

    David bote, Damek tomscha, stephen perakslis, Jake drossner,tyler bremer, Bryan bonell, tom pannone.

    1. Jacob

      that’s better

  20. shelby menge

    Good night every body i will talk to you guys tomorrow.

    1. Jacob

      Looking forward to it.

  21. shelby menge

    Some body told me that albert almora is going to be signing really soon.

    1. Jon

      Was it Theo

  22. shelby menge

    no one of my best friends that knows theo.

  23. shelby menge

    When is rizzo joining the chicago cubs?

  24. shelby menge

    I heard that the chicago cubs are going to sign albert almora is going to sign this week or early next week sometime.

    1. Carew

      Alright stop. This is just getting annoying

    2. Drew7

      Ace! was it 2 comments or 2 questions?

      Oooh…just looked, 2 comments… you’ve crossed the line BetterShelby!

    3. Jacob

      If you are right Shelby, can you start your on blog with inside information on the Cubs??

  25. shelby menge

    I hope that the chicago cubs sweep the white sox tonight and beat them bad tonight.

    1. Jeff

      Where’s Michael Barrett??? If we can’t beat um, let’s beat em up!!! lol

  26. Steve

    I’m afraid this Shelby character made me LOL….and I just plain don’t LOL because I’m 43.

    Brett,please don’t block SM…at least let us enjoy it for a little while. It will eventually get old, just not yet.

  27. shelby menge

    I like starlin castros catch last night guys, Did you like his catch guys?

  28. shelby menge

    Jasvir rakkar signed withe the chicago cubs today.

  29. shelby menge

    They said on my computer the chicago cubs have signed 21 players.

  30. Jp

    Which ones Shelby?