SF Giants sign a pair of high-upside prep arms to overslot deals

On Friday, the SF Giants finalized deals with their top remaining picks. According to Joe Doyle of Over-Slot Baseball, they have signed Carson Bolemon and Kaden Waechter to a pair of overslot bonuses.

Bolemon agreed to a 3,382,500 signing bonus, compared to a slot value of $3,270,200 for the No. 29 pick. Waechter agreed to a $3,247,500 signing bonus, compared to a slot value of $1,763,000 for the No. 55 pick. Waechter’s signing was nearly double his slot value.

The Giants have now signed all 11 of their selections within the first 10 rounds. This is a good reminder that the sign rate is north of 98 percent for selections within those rounds.

Their attention will now turn to signing the remainder of the draft class. 19th-round pick Mikey Bell has already declared that he would be returning to school.

SF Giants will now turn their attention to the remaining unsigned draft picks

The lone unsigned picks are Dalton Wentz and JP Robertson, whom they selected in the 16th round and 20th round, respectively. They should be able to sign at least one of those players.

Draft picks after the 10th round do not have slot values, but teams can offer signing bonuses of up to $150,000 without it counting against the bonus pool. Any amount above that does.

After the Carson Bolemon and Kaden Waechter signings, they have about $435,000 remaining in their bonus pool. This is an amount they can add on top of a $150,000 signing bonus, so they have some wiggle room. The signing deadline is on July 27.

Nevertheless, the legwork from this year’s draft is done. The Giants bolstered pitching depth in the farm system with their top selections. Jackson Flora headlined this year’s draft class for San Francisco, but they got a pair of high-upside prep arms in Bolemon and Waechter.

You can usually tell what the team’s draft strategy is based on a couple of picks. Signing Flora was not an issue, but Bolemon and Waechter had considerable leverage due to their commitments to Wake Forest University and Florida State University, respectively. The rest of the draft picks were made in part to build up enough savings to sign both arms.

Bolemon and Waechter were viewed as two of the top arms in this year’s class. In particular, Bolemon was one MLB draft expert’s favorite pick from the first day.

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