David Price Signs

[kimchi_chigae]

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Rays Sign No. 1 Overall Pick Price

Posted Aug. 15, 2007 4:47 pm by Jim Callis

No. 1 overall pick David Price has officially come to terms with the Devil Rays. Price will receive a $5.6 million bonus as part of a six-year major league contract worth a guaranteed $8.5 million and possibly as much as $11.25 million.

Price’s bonus is the second-largest in draft history, behind only the $6.1 million Justin Upton got from the Diamondbacks as the No. 1 overall pick in the 2005 draft. The guaranteed value of Price’s contract is the third-highest in draft annals, trailing only Mark Prior ($10.5 million, Cubs) and Mark Teixeira ($9.5 million, Rangers) from the 2001 draft.

Phillipe Aumont has signed with the Mariners and Andrew Brackman has signed with the Yankees. Aumont signed for $1.9M and Brackman for $4.5M (plus $3.3M bonus).

[raiders_umpire]

I guess it looks like the Porcello didn't drive up the price any at all with Price and the Drays. It looks like Price just got a few more incentives with the deal.